South-Eastern Asia: Thermoforming Machine Market 2025

Thermoforming Machine Market Size in South-Eastern Asia

In 2021, the Southeast Asian thermoforming machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Thermoforming Machine Production in South-Eastern Asia

In value terms, thermoforming machine production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 38,737%. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Thermoforming Machine Exports

Exports in South-Eastern Asia

In 2021, exports of thermoforming machines for working rubber or plastics in South-Eastern Asia fell markedly to X units, reducing by -97.8% compared with 2020. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 10,665% against the previous year. As a result, the exports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, thermoforming machine exports soared to $X in 2021. In general, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 70%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore represented the key exporter of thermoforming machines for working rubber or plastics in South-Eastern Asia, with the volume of exports amounting to X units, which was approx. 62% of total exports in 2021. Thailand (X units) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (7.3%) and Indonesia (4.8%). Vietnam (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to thermoforming machine exports from Singapore stood at -6.7%. At the same time, the Philippines (+29.2%), Vietnam (+27.7%) and Indonesia (+9.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +29.2% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-20.7%) illustrated a downward trend over the same period. While the share of Thailand (+7.2 p.p.), the Philippines (+6.8 p.p.), Indonesia (+3.5 p.p.) and Vietnam (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-8.1 p.p.) and Malaysia (-13.3 p.p.) displayed negative dynamics.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 90% share of total exports. These countries were followed by Indonesia, the Philippines and Vietnam, which together accounted for a further 8.7%.

Among the main exporting countries, Vietnam, with a CAGR of +45.4%, 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

The export price in South-Eastern Asia stood at $X per unit in 2021, jumping by 5,890% against the previous year. In general, the export price enjoyed a notable increase. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 Malaysia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+20.8%), while the other leaders experienced more modest paces of growth.

Thermoforming Machine Imports

Imports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of thermoforming machines for working rubber or plastics, when their volume increased by 6% to X units. In general, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 123% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, thermoforming machine imports reduced to $X in 2021. Overall, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 70%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of thermoforming machines for working rubber or plastics, namely Malaysia, Thailand, Vietnam and Indonesia, represented more than two-thirds of total import. It was distantly followed by the Philippines (X units), generating a 10% share of total imports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thermoforming machine importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), together comprising 79% of total imports. Malaysia, the Philippines and Singapore lagged somewhat behind, together comprising a further 20%.

In terms of the main importing countries, Malaysia, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of imports, 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 unit in 2021, reducing by -19.5% against the previous year. In general, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :