South-Eastern Asia: Plastic Supports Market 2024

Plastic Supports Market Size in South-Eastern Asia

The Southeast Asian plastic supports market reduced to $X in 2022, shrinking by -4.2% against the previous year. The market value increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Supports Production in South-Eastern Asia

In value terms, plastic supports production dropped slightly to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +3.7% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 20% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Supports Exports

Exports in South-Eastern Asia

In 2022, plastic supports exports in South-Eastern Asia declined slightly to X tons, remaining stable against the previous year's figure. Total exports indicated a resilient increase from 2012 to 2022: its volume 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, exports increased by +36.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 39%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, plastic supports exports expanded notably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Malaysia represented the major exporting country with an export of about X tons, which reached 45% of total exports. It was distantly followed by Thailand (X tons), Singapore (X tons) and Indonesia (X tons), together mixing up a 51% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +14.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic supports supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined 88% share of total exports. Indonesia and the Philippines lagged somewhat behind, together accounting for a further 9.5%.

Indonesia, with a CAGR of +18.6%, recorded the highest rates of growth with regard to 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 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2018 an increase of 15%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.4%), while the other leaders experienced more modest paces of growth.

Plastic Supports Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of spools, cops, bobbins and similar supports of plastics decreased by -3.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +5.1% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 67% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic supports imports expanded rapidly to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 70%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand was the major importer of spools, cops, bobbins and similar supports of plastics in South-Eastern Asia, with the volume of imports amounting to X tons, which was near 35% of total imports in 2022. Malaysia (X tons) ranks second in terms of the total imports with a 19% share, followed by Vietnam (18%), Singapore (13%) and Indonesia (12%). 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 +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported spools, cops, bobbins and similar supports of plastics in South-Eastern Asia, comprising 37% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by Malaysia, with a 15% share.

In Thailand, plastic supports imports increased at an average annual rate of +13.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+12.1% per year) and Malaysia (+4.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Singapore ($X per ton), while Malaysia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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