Asia-Pacific: Thermoforming Machine Market 2025

Thermoforming Machine Market Size in Asia-Pacific

In 2021, the Asia-Pacific thermoforming machine market increased by 40% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Thermoforming Machine Production in Asia-Pacific

In value terms, thermoforming machine production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 164%. As a result, production reached the peak level of $X, and then reduced notably in the following year.

Thermoforming Machine Exports

Exports in Asia-Pacific

Thermoforming machine exports fell remarkably to X units in 2021, reducing by -52.2% against 2020. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 251%. As a result, the exports reached the peak of X units, and then declined rapidly in the following year.

In value terms, thermoforming machine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 86% of total exports in 2021. Taiwan (Chinese) (X units), South Korea (X units), Singapore (X units) and Japan (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the thermoforming machines for working rubber or plastics exports, with a CAGR of +13.8% from 2012 to 2021. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (-5.9%), Singapore (-6.7%) and South Korea (-8.5%) illustrated a downward trend over the same period. China (+33 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Singapore, Taiwan (Chinese) and South Korea saw its share reduced by -2.1%, -5.2%, -9.8% and -13.3% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest thermoforming machine supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 24% share of total exports. It was followed by South Korea, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +8.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+4.0% per year) and South Korea (-7.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, picking up by 171% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+19.1%), while the other leaders experienced more modest paces of growth.

Thermoforming Machine Imports

Imports in Asia-Pacific

In 2021, overseas purchases of thermoforming machines for working rubber or plastics were finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 88%. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, thermoforming machine imports soared to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The purchases of the ten major importers of thermoforming machines for working rubber or plastics, namely Malaysia, Thailand, Vietnam, Indonesia, Japan, the Philippines, Taiwan (Chinese), China, Australia and South Korea, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported thermoforming machines for working rubber or plastics in Asia-Pacific, comprising 68% of total imports. The second position in the ranking was held by Vietnam ($X), with a 6.1% share of total imports. It was followed by Thailand, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +9.7%. In the other countries, the average annual rates were as follows: Vietnam (+9.5% per year) and Thailand (-5.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, increasing by 3.6% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, thermoforming machine import price increased by +67.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 74%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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