South-Eastern Asia: Plaster Market 2025

Plaster Market Size in South-Eastern Asia

The Southeast Asian plaster market declined modestly to $X in 2022, leveling off at the previous year. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 8.4% against the previous year. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plaster Production in South-Eastern Asia

In value terms, plaster production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 12%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Plaster Exports

Exports in South-Eastern Asia

Plaster exports stood at X tons in 2022, flattening at the previous year's figure. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 9.9% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) represented roughly 98% of total exports in 2022.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of plaster. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest plaster supplier in South-Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at +3.2%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, declining by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2019 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +2.6% per year.

Plaster Imports

Imports in South-Eastern Asia

In 2022, the amount of plaster imported in South-Eastern Asia contracted slightly to X tons, which is down by -4.2% compared with 2021. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by 9.3% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster imports expanded notably to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia represented the largest importing country with an import of about X tons, which reached 57% of total imports. Vietnam (X tons) held the second position in the ranking, followed by Indonesia (X tons) and the Philippines (X tons). All these countries together held near 34% share of total imports. Cambodia (X tons), Thailand (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plaster imports into Malaysia stood at -4.2%. At the same time, Vietnam (+3.7%), Thailand (+3.5%), Myanmar (+3.4%) and the Philippines (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +3.7% from 2012-2022. By contrast, Cambodia (-11.2%) and Indonesia (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Malaysia and the Philippines increased by +9.3, +3.2 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, together comprising 68% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +4.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2018 when the import price increased by 17% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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