South-Eastern Asia: Plastic Box Market 2024

Plastic Box Market Size in South-Eastern Asia

The Southeast Asian plastic box market fell slightly to $X in 2022, reducing by -4.9% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value 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, consumption increased by +3.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Plastic Box Production in South-Eastern Asia

In value terms, plastic box production declined to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Plastic Box Exports

Exports in South-Eastern Asia

In 2022, the amount of plastic boxes, cases, crates and similar packing articles exported in South-Eastern Asia rose markedly to X tons, surging by 12% compared with 2021. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.8% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of 25%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, plastic box exports declined slightly to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Malaysia (X tons) and Thailand (X tons) dominates exports structure, together comprising 79% of total exports. Singapore (X tons) took the next position in the ranking, followed by Vietnam (X tons) and Indonesia (X tons). All these countries together held approx. 16% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +61.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic box supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Indonesia ($X), together accounting for 80% of total exports. Vietnam, Singapore and Myanmar lagged somewhat behind, together accounting for a further 17%.

Myanmar, with a CAGR of +44.4%, recorded 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

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by -14.4% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2016 when the export price increased by 9.5% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.8%), while the other leaders experienced more modest paces of growth.

Plastic Box Imports

Imports in South-Eastern Asia

In 2022, plastic box imports in South-Eastern Asia declined to X tons, shrinking by -9.1% against the year before. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, plastic box imports contracted to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Thailand (X tons) and the Philippines (X tons) were the largest importers of plastic boxes, cases, crates and similar packing articles in 2022, resulting at near 29% and 21% of total imports, respectively. It was distantly followed by Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and Singapore (X tons), together making up a 41% share of total imports. Myanmar (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported plastic boxes, cases, crates and similar packing articles in South-Eastern Asia, comprising 33% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by Vietnam, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +7.9%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+8.7% per year) and Vietnam (+6.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 14% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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