South-Eastern Asia: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in South-Eastern Asia

The Southeast Asian hard plastic comb market rose markedly to $X in 2022, increasing by 7.9% against the previous year. Over the period under review, consumption, however, saw a slight decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hard Plastic Comb Production in South-Eastern Asia

In value terms, hard plastic comb production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight slump. The growth pace was the most rapid in 2019 with an increase of 53% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hard Plastic Comb Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of hard rubber or plastic combs were exported in South-Eastern Asia; increasing by 13% on 2021 figures. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 44% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, hard plastic comb exports reached $X in 2022. Overall, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 32%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Thailand was the largest exporter of hard rubber or plastic combs in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 57% of total exports in 2022. Malaysia (X tons) ranks second in terms of the total exports with a 25% share, followed by Vietnam (11%) and Singapore (4.8%). Indonesia (X tons) took a little share of total exports.

Exports from Thailand decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Malaysia (+15.7%), Indonesia (+9.0%), Singapore (+8.5%) and Vietnam (+4.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +15.7% from 2012-2022. While the share of Malaysia (+18 p.p.), Vietnam (+2.7 p.p.) and Singapore (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-24.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hard plastic comb supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), together accounting for 83% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +21.5%, recorded the highest rates of growth with regard to 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

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of -3.6% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hard plastic comb export price increased by +4.9% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 20%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.0%), while the other leaders experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports in South-Eastern Asia

In 2022, imports of hard rubber or plastic combs in South-Eastern Asia soared to X tons, jumping by 94% on 2021. In general, imports showed a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, hard plastic comb imports soared to $X in 2022. Over the period under review, imports saw slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The Philippines represented the major importing country with an import of around X tons, which amounted to 75% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a 10% share, followed by Thailand (8.1%). The following importers - Myanmar (X tons) and Malaysia (X tons) - together made up 5.5% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hard plastic comb imports into the Philippines stood at +21.7%. At the same time, Myanmar (+58.8%) and Malaysia (+7.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +58.8% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (-12.7%) illustrated a downward trend over the same period. While the share of the Philippines (+59 p.p.) and Myanmar (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (-4.4 p.p.) and Indonesia (-51.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported hard rubber or plastic combs in South-Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total imports. It was followed by Thailand, with a 14% share.

In the Philippines, hard plastic comb imports expanded at an average annual rate of +33.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (-8.0% per year) and Thailand (+1.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, reducing by -37.3% against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 an increase of 46%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Malaysia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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