Thailand - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIn 2023, Thailand's Plastic Bag Export Sees a Slight Decline, Amounting to $694M
Thailand Plastic Bag Exports
In 2023, exports of plastic sacks and bags from Thailand declined to 274K tons, which is down by -11.9% on the year before. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. As a result, the exports attained the peak of 317K tons. From 2021 to 2023, the growth of the exports failed to regain momentum.
In value terms, plastic bag exports reduced sharply to $694M (IndexBox estimates) in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by 12%. As a result, the exports reached the peak of $831M, and then fell notably in the following year.
| COUNTRY | Export Value of Plastic Bag in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 149 | 174 | 166 | 181 | 177 | 206 | 213 | 249 | 262 | 297 | 227 |
| Japan | 179 | 185 | 166 | 173 | 178 | 189 | 177 | 177 | 176 | 205 | 180 |
| Australia | 95.8 | 91.4 | 98.9 | 80.3 | 91.7 | 70.5 | 57.4 | 59.5 | 60.6 | 74.1 | 46.9 |
| United Kingdom | 52.3 | 63.3 | 52.9 | 47.1 | 45.7 | 46.8 | 48.6 | 42.6 | 36.3 | 36.5 | 29.9 |
| Lao People's Democratic Republic | 5.6 | 5.9 | 5.2 | 7.4 | 9.1 | 10.2 | 11.6 | 15.7 | 14.6 | 17.3 | 23.7 |
| Cambodia | 16.9 | 16.9 | 15.1 | 14.0 | 16.1 | 20.3 | 22.7 | 20.8 | 21.7 | 23.0 | 21.8 |
| China | 3.8 | 5.7 | 5.8 | 8.7 | 13.8 | 13.2 | 13.3 | 13.8 | 13.7 | 13.5 | 14.3 |
| New Zealand | 17.1 | 18.8 | 17.4 | 17.7 | 18.7 | 16.3 | 8.4 | 8.7 | 8.4 | 6.7 | 9.6 |
| Others | 122 | 132 | 124 | 123 | 135 | 157 | 158 | 143 | 151 | 157 | 141 |
| Total | 642 | 693 | 651 | 652 | 685 | 730 | 711 | 730 | 744 | 831 | 694 |
Exports by Country
the United States (100K tons), Japan (63K tons) and Australia (21K tons) were the main destinations of plastic bag exports from Thailand, together accounting for 67% of total exports. Lao People's Democratic Republic, the UK, Cambodia, China and New Zealand lagged somewhat behind, together accounting for a further 16%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of +20.4%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($227M), Japan ($180M) and Australia ($47M) constituted the largest markets for plastic bag exported from Thailand worldwide, together accounting for 65% of total exports. the UK, Lao People's Democratic Republic, Cambodia, China and New Zealand lagged somewhat behind, together comprising a further 14%.
Among the main countries of destination, Lao People's Democratic Republic, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Sacks and bags of polymers of ethylene (237K tons) was the largest type of plastic sacks and bags exported from Thailand, accounting for a 86% share of total exports. Moreover, sacks and bags of polymers of ethylene exceeded the volume of the second product type, plastics (37K tons), sixfold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of sacks and bags of polymers of ethylene exports was relatively modest.
In value terms, sacks and bags of polymers of ethylene ($576M) remains the largest type of plastic sacks and bags exported from Thailand, comprising 83% of total exports. The second position in the ranking was held by plastics ($118M), with a 17% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of sacks and bags of polymers of ethylene exports was relatively modest.
Export Prices by Country
In 2023, the plastic bag price amounted to $2,530 per ton (FOB, Thailand), dropping by -5.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 22%. As a result, the export price attained the peak level of $2,991 per ton. From 2020 to 2023, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($3,234 per ton), while the average price for exports to Lao People's Democratic Republic ($1,709 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the plastic bag market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
