South-Eastern Asia: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in South-Eastern Asia

The Southeast Asian market for plastic plates, sheets, film, foil and strip was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption recorded a noticeable contraction. The pace of growth was the most pronounced in 2016 with an increase of 6.2%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in South-Eastern Asia

In value terms, production of plastic plates, sheets, film, foil and strip amounted to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 1.6%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports in South-Eastern Asia

For the sixth year in a row, South-Eastern Asia recorded growth in overseas shipments of plastic plates, sheets, film, foil and strip, which increased by 5.3% to X tons in 2021. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 12%. Over the period under review, the exports of reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) and Thailand (X tons) were the largest exporters of plastic plates, sheets, film, foil and strip in 2021, reaching approx. 35% and 30% of total exports, respectively. Indonesia (X tons) took the next position in the ranking, followed by Vietnam (X tons). All these countries together held approx. 30% share of total exports. The following exporters - Singapore (X tons) and the Philippines (X tons) - together made up 4.7% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +10.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2021, together accounting for 80% of total exports. These countries were followed by Vietnam, Singapore and the Philippines, which together accounted for a further 20%.

In terms of the main exporting countries, Vietnam, with a CAGR of +9.5%, recorded the highest growth rate of 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 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 12% against the previous year. In general, the export price, however, showed a pronounced contraction. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 ($X per ton), while the Philippines ($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 (+0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports in South-Eastern Asia

Imports of plastic plates, sheets, film, foil and strip expanded sharply to X tons in 2021, increasing by 8.4% on the previous year. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% 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 +101.6% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic plates, sheets, film, foil and strip soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +115.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), distantly followed by Malaysia (X tons), Indonesia (X tons), Thailand (X tons), the Philippines (X tons) and Singapore (X tons) were the major importers of plastic plates, sheets, film, foil and strip, together generating 94% of total imports. Myanmar (X tons) took a minor 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 +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported plastic plates, sheets, film, foil and strip in South-Eastern Asia, comprising 34% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 16% share of total imports. It was followed by Malaysia, with a 15% share.

In Vietnam, imports of plastic plates, sheets, film, foil and strip expanded at an average annual rate of +17.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+8.4% per year) and Malaysia (+5.9% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, rising by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Philippines (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :