ASEAN: Plaster Market 2025

Plaster Market Size in ASEAN

The ASEAN plaster market declined modestly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.5%. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plaster Production in ASEAN

In value terms, plaster production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 12%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Plaster Exports

Exports in ASEAN

In 2022, approx. X tons of plaster were exported in ASEAN; approximately reflecting the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 9.9% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plaster exports reduced modestly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 12%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Thailand (X tons), together recording 98% of total export.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of plaster. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest plaster supplier in ASEAN.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at +3.2%.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, falling by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +2.6% per year.

Plaster Imports

Imports in ASEAN

In 2022, plaster imports in ASEAN contracted to X tons, with a decrease of -4.2% against 2021 figures. Over the period under review, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 9.3%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plaster imports rose significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) was the largest importer of plaster, mixing up 57% of total imports. Vietnam (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (12%) and the Philippines (6.6%). Cambodia (X tons), Thailand (X tons) and Myanmar (X tons) took a minor share of total imports.

Imports into Malaysia decreased at an average annual rate of -4.2% from 2012 to 2022. At the same time, Vietnam (+3.7%), Thailand (+3.5%), Myanmar (+3.4%) and the Philippines (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +3.7% from 2012-2022. By contrast, Cambodia (-11.2%) and Indonesia (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Malaysia and the Philippines increased by +9.3, +3.1 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined 68% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +4.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2018 when the import price increased by 17% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform