South-Eastern Asia: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in South-Eastern Asia

The Southeast Asian non-cellular polyvinyl chloride film market stood at $X in 2022, increasing by 2.7% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +73.2% against 2012 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in South-Eastern Asia

In value terms, non-cellular polyvinyl chloride film production amounted to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 pace of growth appeared the most rapid in 2016 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of non-cellular polyvinyl chloride films, sheets, foil and strip, when their volume decreased by -16% to X tons. Overall, exports saw a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 6.9% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film exports shrank to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Thailand represented the key exporting country with an export of around X tons, which reached 49% of total exports. Vietnam (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons) and Singapore (X tons). All these countries together took approx. 47% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

Exports from Thailand decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Indonesia (+13.2%) and Vietnam (+2.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +13.2% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Indonesia increased by +6.7 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest non-cellular polyvinyl chloride film supplier in South-Eastern Asia, comprising 48% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 23% share of total exports. It was followed by Singapore, with a 17% share.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at -1.4%. In the other countries, the average annual rates were as follows: Vietnam (+3.1% per year) and Singapore (+3.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2019 an increase of 11%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports in South-Eastern Asia

In 2022, purchases abroad of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -2.9% to X tons, falling for the second consecutive year after three years of growth. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.1% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 17%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-cellular polyvinyl chloride film imports expanded notably to $X in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Vietnam was the major importing country with an import of around X tons, which accounted for 44% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a 16% share, followed by Thailand (13%), the Philippines (11%), Malaysia (6.1%) and Singapore (5.9%). Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polyvinyl chloride film imports into Vietnam stood at +13.4%. At the same time, Myanmar (+20.1%) and the Philippines (+8.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +20.1% from 2012-2022. Singapore, Indonesia and Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-6.6%) illustrated a downward trend over the same period. Vietnam (+24 p.p.), the Philippines (+3.5 p.p.) and Myanmar (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Indonesia, Thailand and Malaysia saw its share reduced by -2.5%, -7.7%, -7.9% and -12.6% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported non-cellular polyvinyl chloride films, sheets, foil and strip in South-Eastern Asia, comprising 44% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 16% share of total imports. It was followed by Malaysia, with a 15% share.

In Vietnam, non-cellular polyvinyl chloride film imports expanded at an average annual rate of +16.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+7.3% per year) and Malaysia (+4.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 14% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polyvinyl chloride film import price increased by +64.5% against 2016 indices. The growth pace was the most rapid in 2021 when the import price increased by 26%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: 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 Malaysia (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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