South-Eastern Asia: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in South-Eastern Asia

The Southeast Asian plastic household ware market reached $X in 2021, rising by 13% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Plastic Household Ware Production in South-Eastern Asia

In value terms, plastic household ware production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plastic Household Ware Exports

Exports in South-Eastern Asia

In 2021, after three years of growth, there was decline in overseas shipments of plastics household articles and toilet articles, when their volume decreased by -4.8% to X tons. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.8% against 2012 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 14% against the previous year. The volume of export peaked at X tons in 2020, and then shrank modestly in the following year.

In value terms, plastic household ware exports expanded remarkably to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Vietnam (X tons), Thailand (X tons), the Philippines (X tons) and Malaysia (X tons), together resulting at 90% of total export. It was distantly followed by Indonesia (X tons), committing a 5.8% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household ware supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and the Philippines ($X), with a combined 75% share of total exports.

Among the main exporting countries, the Philippines, with a CAGR of +24.8%, saw 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, rising by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The level of export peaked at $X per ton in 2019; however, from 2020 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, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.0%), while the other leaders experienced more modest paces of growth.

Plastic Household Ware Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of plastics household articles and toilet articles increased by 25% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic household ware imports soared to $X in 2021. Overall, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 25%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by Indonesia (X tons), Singapore (X tons), Thailand (X tons), Malaysia (X tons) and Cambodia (X tons) were the major importers of plastics household articles and toilet articles, together constituting 91% of total imports. Vietnam (X tons) held a relatively small 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 Cambodia (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household ware importing markets in South-Eastern Asia were Singapore ($X), the Philippines ($X) and Indonesia ($X), with a combined 56% share of total imports. These countries were followed by Thailand, Malaysia, Cambodia and Vietnam, which together accounted for a further 38%.

Cambodia, with a CAGR of +31.5%, recorded the highest growth rate of the value of imports, among the main importing countries 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, declining by -2.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2014 when the import price increased by 37%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 the Philippines (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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