South-Eastern Asia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in South-Eastern Asia

The Southeast Asian plastic household articles market rose to $X in 2022, picking up by 2.9% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.1% against 2017 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Plastic Household Articles Production in South-Eastern Asia

In value terms, plastic household articles production rose slightly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 32%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Household Articles Exports

Exports in South-Eastern Asia

In 2022, the amount of household articles and toilet articles of plastics exported in South-Eastern Asia expanded modestly to X tons, picking up by 4.9% against the previous year's figure. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, plastic household articles exports contracted modestly to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 48%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Vietnam (X tons) and Thailand (X tons) represented roughly 78% of total exports in 2022. Malaysia (X tons) took the next position in the ranking, followed by Indonesia (X tons). All these countries together held near 18% share of total exports. Singapore (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household articles supplying countries in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Thailand ($X), together comprising 73% of total exports.

The Philippines, with a CAGR of +20.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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, reducing by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2019 when the export price increased by 18%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

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

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

Plastic Household Articles Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of household articles and toilet articles of plastics increased by 15% to X tons, rising for the third consecutive year after two years of decline. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, plastic household articles imports fell modestly to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 37%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The Philippines was the key importing country with an import of about X tons, which reached 33% of total imports. Thailand (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (17%), Vietnam (11%), Malaysia (8.9%), Singapore (5.9%) and Cambodia (4.6%).

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 60% of total imports. Indonesia, Singapore, Malaysia and Cambodia lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, Cambodia, with a CAGR of +27.0%, saw 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

The import price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -13.1% against the previous year. Import price indicated mild growth 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, plastic household articles import price decreased by -23.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Vietnam ($X per ton), while the Philippines ($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 (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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