ASEAN: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in ASEAN

For the fifth consecutive year, the ASEAN non-cellular polyvinyl chloride film market recorded growth in sales value, which increased by 2.7% to $X in 2022. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.1% against 2012 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in ASEAN

In value terms, non-cellular polyvinyl chloride film production expanded to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip, when their volume decreased by -16% to X tons. Over the period under review, exports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of 6.9% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polyvinyl chloride film exports dropped to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Thailand represented the largest exporting country with an export of about X tons, which amounted to 49% of total exports. Vietnam (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (14%) and Singapore (8.3%). Indonesia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polyvinyl chloride film exports from Thailand stood at -3.2%. At the same time, Indonesia (+13.2%) and Vietnam (+2.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +13.2% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-2.1%) illustrated a downward trend over the same period. Vietnam (+6.7 p.p.) and Indonesia (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -10.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest non-cellular polyvinyl chloride film supplier in ASEAN, comprising 48% of total exports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total exports. It was followed by Singapore, with a 17% share.

In Thailand, non-cellular polyvinyl chloride film exports declined by an average annual rate of -1.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+3.1% per year) and Singapore (+3.7% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 an increase of 11% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports in ASEAN

In 2022, purchases abroad of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -2.9% to X tons, falling for the second consecutive year after three years of growth. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 17%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film imports rose sharply to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Vietnam was the key importing country with an import of around X tons, which resulted at 44% of total imports. Indonesia (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (13%), the Philippines (11%), Malaysia (6.1%) and Singapore (5.9%). Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polyvinyl chloride film imports into Vietnam stood at +13.4%. At the same time, Myanmar (+20.1%) and the Philippines (+8.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +20.1% from 2012-2022. Singapore, Indonesia and Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-6.6%) illustrated a downward trend over the same period. While the share of Vietnam (+24 p.p.), the Philippines (+3.5 p.p.) and Myanmar (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-2.5 p.p.), Indonesia (-7.7 p.p.), Thailand (-7.9 p.p.) and Malaysia (-12.6 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported non-cellular polyvinyl chloride films, sheets, foil and strip in ASEAN, comprising 44% of total imports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total imports. It was followed by Malaysia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +16.1%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+7.3% per year) and Malaysia (+4.1% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, rising by 14% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polyvinyl chloride film import price increased by +64.6% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform