ASEAN: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in ASEAN

In 2021, the ASEAN non-cellular polypropylene film market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Cellular Polypropylene Film Production in ASEAN

In value terms, non-cellular polypropylene film production totaled $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Non-Cellular Polypropylene Film Exports

Exports in ASEAN

In 2021, approx. X tons of non-cellular polypropylene films, sheets, foil and strip were exported in ASEAN; rising by 6% on the previous year. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, non-cellular polypropylene film exports surged to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Indonesia (X tons), Malaysia (X tons), Thailand (X tons) and Vietnam (X tons), together finishing at 96% of total export. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Singapore (with a CAGR of +7.6%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

Malaysia, with a CAGR of +6.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, rising by 17% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.2%), while the other leaders experienced a decline in the export price figures.

Non-Cellular Polypropylene Film Imports

Imports in ASEAN

Non-cellular polypropylene film imports skyrocketed to X tons in 2021, rising by 19% on the year before. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.7% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) represented roughly 82% of total imports in 2021. It was distantly followed by the Philippines (X tons), generating an 8.7% share of total imports. The following importers - Singapore (X tons) and Myanmar (X tons) - each reached an 8.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +43.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polypropylene film importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 66% of total imports. Indonesia, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further 32%.

Myanmar, with a CAGR of +28.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, surging by 3.5% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 6% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform