Malaysia: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Malaysia

The Malaysian market for plastic plates, sheets, film, foil and strip shrank modestly to $X in 2021, waning by -4.6% against the previous year. Over the period under review, consumption continues to indicate a perceptible decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Malaysia

In value terms, production of plastic plates, sheets, film, foil and strip rose slightly to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2017 when the production volume increased by 24% against the previous year. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Malaysia

In 2021, the amount of plastic plates, sheets, film, foil and strip exported from Malaysia expanded markedly to X tons, surging by 10% compared with the previous year. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed 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

Japan (X tons), Australia (X tons) and South Korea (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Malaysia, together comprising 47% of total exports. These countries were followed by Singapore, China, Indonesia, Thailand, the Philippines, New Zealand, the United States and India, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +10.9%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Malaysia, comprising 24% of total exports. The second position in the ranking was held by Australia ($X), with an 11% share of total exports. It was followed by South Korea, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+6.5% per year) and South Korea (+7.3% per year).

Export Prices by Country

In 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, rising by 14% against the previous year. In general, the export price, however, saw a mild descent. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Malaysia

In 2021, after nine years of growth, there was decline in supplies from abroad of plastic plates, sheets, film, foil and strip, when their volume decreased by -0.5% to X tons. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% 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 +103.6% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 18%. Imports peaked at X tons in 2020, and then contracted slightly in the following year.

In value terms, imports of plastic plates, sheets, film, foil and strip reached $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic plate, sheet, film, foil and strip to Malaysia, accounting for a 43% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.7% per year) and the United States (+16.1% per year).

In value terms, China ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Malaysia, comprising 42% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by South Korea, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.8% per year) and South Korea (+5.8% per year).

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, picking up by 4% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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