South-Eastern Asia: Plastic Support Market 2024

Plastic Support Market Size in South-Eastern Asia

The Southeast Asian plastic support market rose modestly to $X in 2022, growing by 2.1% against the previous year. Overall, consumption, however, recorded a mild descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Support Production in South-Eastern Asia

In value terms, plastic support production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8.9%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Plastic Support Exports

Exports in South-Eastern Asia

After six years of growth, shipments abroad of spools, cops and similar supports of plastics decreased by -2.9% to X tons in 2022. Total exports indicated a strong expansion from 2012 to 2022: its volume 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, exports increased by +46.4% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of 12%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, plastic support exports rose slightly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +36.9% against 2014 indices. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Thailand (X tons) and Malaysia (X tons) prevails in exports structure, together comprising 72% 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 near 24% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +14.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, with a combined 77% share of total exports. Vietnam, Indonesia and the Philippines lagged somewhat behind, together comprising a further 23%.

Vietnam, with a CAGR of +13.3%, saw the highest growth rate of the value of exports, among 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, growing by 6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 6.7% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.4%), while the other leaders experienced more modest paces of growth.

Plastic Support Imports

Imports in South-Eastern Asia

In 2022, imports of spools, cops and similar supports of plastics in South-Eastern Asia expanded sharply to X tons, surging by 7.7% compared with the previous year's figure. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +64.1% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 32%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, plastic support imports reached $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +61.0% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Indonesia (X tons), Thailand (X tons), Vietnam (X tons) and Malaysia (X tons) represented the key importer of spools, cops and similar supports of plastics in South-Eastern Asia, committing 75% of total import. It was distantly followed by the Philippines (X tons) and Singapore (X tons), together committing a 20% share of total imports. Myanmar (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 63% of total imports. Singapore, Malaysia, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 35%.

Myanmar, with a CAGR of +19.2%, recorded the highest rates of growth with regard to 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 2022, stabilizing at the previous year. Overall, the import price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2017 an increase of 3%. The level of import peaked 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 Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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