South-Eastern Asia: Box Pallet Market 2020

Box Pallet Market Size in South-Eastern Asia

The revenue of the box pallet market in South-Eastern Asia amounted to $X in 2017, surging by X% against the previous year. The box pallet consumption continues to indicate a strong growth. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. The level of box pallet consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Box Pallet Production in South-Eastern Asia

In 2017, production of box pallets and load boards of wood (excluding flat pallets) in South-Eastern Asia amounted to X units, remaining constant against the previous year. The box pallet production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, with an increase of X% year-to-year. The volume of box pallet production peaked of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Box Pallet Exports in South-Eastern Asia

In 2017, approx. X units of box pallets and load boards of wood (excluding flat pallets) were exported in South-Eastern Asia; coming down by -X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2010, when it surged by X% y-o-y. Over the period under review, the box pallet exports attained its peak figure volume of X units in 2016, and then declined slightly in the following year.

In value terms, box pallet exports amounted to $X in 2017. The total exports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Box Pallet Exports by Country in South-Eastern Asia

Malaysia prevails in box pallet exports structure, recording X units, which was near X% of total exports in 2017. Singapore (X units) ranks second in terms of the global exports with a X% share, followed by Vietnam (X%). The Philippines (X units), Indonesia (X units) and Thailand (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to box pallet exports from Malaysia stood at +X%. At the same time, the Philippines (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest growing exporter in South-Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Vietnam (-X%), Singapore (-X%), Thailand (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of Singapore (X%), Indonesia (X%) and Thailand (X%) increased significantly in terms of the global exports from 2007-2017, the share of the Philippines (-X%) and Malaysia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest box pallet supplier in South-Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by Singapore, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Malaysia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-X% per year) and Singapore (-X% per year).

Box Pallet Export Prices by Country in South-Eastern Asia

In 2017, the box pallet export price in South-Eastern Asia amounted to $X per thousand units, jumping by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010, an increase of X% year-to-year. The level of export price peaked of $X per thousand units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Thailand ($X per unit), while the Philippines ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Thailand (+X% per year), while the other leaders experienced more modest paces of growth.

Box Pallet Imports in South-Eastern Asia

In 2017, approx. X units of box pallets and load boards of wood (excluding flat pallets) were imported in South-Eastern Asia; rising by X% against the previous year. The box pallet imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010, when imports increased by X% y-o-y. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, box pallet imports stood at $X in 2017. The total imports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the box pallet imports increased by +X% against 2009 indices. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Box Pallet Imports by Country in South-Eastern Asia

Singapore prevails in box pallet imports structure, resulting at X units, which was approx. X% of total imports in 2017. Thailand (X units) took the second position in the ranking, followed by Vietnam (X units). All these countries together held approx. X% share of total imports. The following importers - Malaysia (X units) and the Philippines (X units) each finished at a X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to box pallet imports into Singapore stood at +X%. At the same time, Vietnam (+X%), the Philippines (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing importer in South-Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. Malaysia (X%) significantly strengthened its position in terms of the global imports, while Thailand, the Philippines, Vietnam and Singapore saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported box pallets and load boards of wood (excluding flat pallets) in South-Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global imports. It was followed by Thailand, with a X% share.

In Singapore, box pallet imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Thailand (+X% per year).

Box Pallet Import Prices by Country in South-Eastern Asia

The box pallet import price in South-Eastern Asia stood at $X per thousand units in 2017, approximately reflecting the previous year. The box pallet import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, an increase of X% y-o-y. Over the period under review, the import prices for box pallets and load boards of wood (excluding flat pallets) attained its maximum level of $X per unit in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Malaysia ($X per unit) and the Philippines ($X per thousand units), while Thailand ($X per thousand units) and Singapore ($X per thousand units) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Malaysia (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform