Malaysia: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Malaysia

In 2021, the Malaysian plastic household ware market decreased by -5.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Plastic Household Ware Production in Malaysia

In value terms, plastic household ware production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced reduction. The growth pace was the most rapid in 2020 when the production volume increased by 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Plastic Household Ware Exports

Exports from Malaysia

In 2021, overseas shipments of plastics household articles and toilet articles increased by 12% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic household ware exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons), the United States (X tons) and Japan (X tons) were the main destinations of plastic household ware exports from Malaysia, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +19.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household ware exported from Malaysia were Singapore ($X), the United States ($X) and Japan ($X), with a combined 57% share of total exports.

The United States, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 ware export price stood at $X per ton in 2021, with an increase of 5.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2019 an increase of 16%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Egypt ($X per ton), while the average price for exports to France ($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 Egypt (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Malaysia

Plastic household ware imports into Malaysia soared to X tons in 2021, with an increase of 24% against the year before. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 147% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, plastic household ware imports surged to $X in 2021. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 223%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic household ware to Malaysia, with a 81% share of total imports. Moreover, plastic household ware imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+14.2% per year) and Thailand (+4.8% per year).

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to Malaysia, comprising 72% of total imports. The second position in the ranking was taken by Thailand ($X), with a 7.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.6% per year) and Indonesia (+15.9% per year).

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, with an increase of 6.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 31%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :