Exports rose up sharply, with an increase of more than 1 million tons

In 2022, China's export share of PET bottle chip rose sharply, accounting for nearly 39% of total consumption. Calculating data from HS code 39076110, China PET bottle chip exports totaled 3.97million tons from January to November in 2022, YOY up 43%. If combine HS code 39076910 and the delivery statistics of factories, overall exports of PET bottle chip in the first 11 months of 2022 was estimated at 4.30 million tons, hiking 39.5% on annual basis, which had far exceeded the total export delivery volume for the whole of 2021. Considering that Nov-Dec export order intake averaged around 380kt of each month, if combine HS code 39076910 and the delivery statistics of factories, overall exports of PET bottle chip in 2022 was estimated at 4.65 million tons, an increase of 32% over the same period last year.