South-Eastern Asia: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in South-Eastern Asia

In 2021, the Southeast Asian non-cellular polypropylene film market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Non-Cellular Polypropylene Film Production in South-Eastern Asia

In value terms, non-cellular polypropylene film production expanded to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Non-Cellular Polypropylene Film Exports

Exports in South-Eastern Asia

Non-cellular polypropylene film exports expanded significantly to X tons in 2021, picking up by 6% compared with 2020 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film exports surged to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), Malaysia (X tons), Thailand (X tons) and Vietnam (X tons) represented roughly 96% of total exports in 2021. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

Malaysia, with a CAGR of +6.1%, 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 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 17% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.2%), while the other leaders experienced a decline in the export price figures.

Non-Cellular Polypropylene Film Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of non-cellular polypropylene films, sheets, foil and strip were imported in South-Eastern Asia; picking up by 19% compared with the previous year. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.7% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) represented the major importer of non-cellular polypropylene films, sheets, foil and strip in South-Eastern Asia, constituting 82% of total import. It was distantly followed by the Philippines (X tons), creating an 8.7% share of total imports. The following importers - Singapore (X tons) and Myanmar (X tons) - each amounted to an 8.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +43.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. Indonesia, Singapore, the Philippines and Myanmar lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Myanmar, with a CAGR of +28.8%, 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

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by 3.5% against the previous year. Overall, the import price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the import price increased by 6% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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