Malaysia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Malaysia

The Malaysian plastic household articles market expanded slightly to $X in 2022, surging by 2.3% against the previous year. Overall, consumption recorded tangible growth. Plastic household articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Household Articles Production in Malaysia

In value terms, plastic household articles production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 -3.0% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 39%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Household Articles Exports

Exports from Malaysia

In 2022, approx. X tons of household articles and toilet articles of plastics were exported from Malaysia; approximately reflecting the year before. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic household articles exports contracted to $X in 2022. Overall, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.1% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Japan (X tons) was the main destination for plastic household articles exports from Malaysia, accounting for a 36% share of total exports. Moreover, plastic household articles exports to Japan exceeded the volume sent to the second major destination, Singapore (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-4.4% per year) and Thailand (+12.2% per year).

In value terms, China ($X), Japan ($X) and Singapore ($X) appeared to be the largest markets for plastic household articles exported from Malaysia worldwide, together comprising 55% of total exports.

In terms of the main countries of destination, China, with a CAGR of +67.7%, saw the highest growth rate of 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 average plastic household articles export price stood at $X per ton in 2022, which is down by -4.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 21%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Malaysia

After six years of growth, purchases abroad of household articles and toilet articles of plastics decreased by -2.9% to X tons in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, plastic household articles imports reduced to $X in 2022. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 61%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to Malaysia, accounting for a 83% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was taken by Thailand (X tons), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+5.6% per year) and Thailand (-2.5% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Malaysia, comprising 72% of total imports. The second position in the ranking was taken by Thailand ($X), with an 8.3% share of total imports. It was followed by Indonesia, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.4% per year) and Indonesia (-0.5% per year).

Import Prices by Country

The average plastic household articles import price stood at $X per ton in 2022, falling by -5.3% against the previous year. Overall, the import price saw a pronounced decline. The growth pace was the most rapid in 2019 an increase of 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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