ASEAN: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in ASEAN

In 2022, the ASEAN self-adhesive printed label market increased by 0.8% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Self-Adhesive Printed Label Production in ASEAN

In value terms, self-adhesive printed label production dropped slightly to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Self-Adhesive Printed Label Exports

Exports in ASEAN

After three years of growth, shipments abroad of self-adhesive printed labels decreased by -12.8% to X tons in 2022. Over the period under review, exports recorded a pronounced reduction. The growth pace was the most rapid in 2016 with an increase of 29%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, self-adhesive printed label exports shrank rapidly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

In 2022, Vietnam (X tons), Singapore (X tons) and Malaysia (X tons) represented the main exporter of self-adhesive printed labels in ASEAN, creating 85% of total export. It was distantly followed by Thailand (X tons), achieving an 11% share of total exports. The Philippines (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +12.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest self-adhesive printed label supplying countries in ASEAN were Vietnam ($X), Singapore ($X) and Malaysia ($X), together comprising 85% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +14.7%, saw the highest rates of growth with regard to the value of exports, 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 2022, which is down by -3.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2017 when the export price increased by 17%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.1%), while the other leaders experienced more modest paces of growth.

Self-Adhesive Printed Label Imports

Imports in ASEAN

In 2022, purchases abroad of self-adhesive printed labels decreased by -0.6% to X tons, falling for the second consecutive year after seven years of growth. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 growth pace was the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, self-adhesive printed label imports declined slightly to $X in 2022. Total imports indicated a moderate increase 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, imports increased by +60.5% against 2013 indices. The pace of growth was the most pronounced in 2016 when imports increased by 20% against the previous year. The level of import peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

The purchases of the four major importers of self-adhesive printed labels, namely Vietnam, Indonesia, Myanmar and Cambodia, represented more than two-thirds of total import. Thailand (X tons) took an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (8.5%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-adhesive printed label importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Cambodia ($X), with a combined 69% share of total imports. Thailand, the Philippines, Myanmar and Malaysia lagged somewhat behind, together comprising a further 25%.

In terms of the main importing countries, Myanmar, with a CAGR of +16.7%, saw 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

The import price in ASEAN stood at $X per ton in 2022, shrinking by -2.2% against the previous year. Overall, the import price saw a mild descent. The most prominent rate of growth was recorded in 2021 when the import price increased by 21%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform