Thailand: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Thailand

The Thai plastic household articles market fell modestly to $X in 2022, which is down by -2.9% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then shrank modestly in the following year.

Plastic Household Articles Production in Thailand

In value terms, plastic household articles production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +4.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Plastic Household Articles Exports

Exports from Thailand

In 2022, approx. X tons of household articles and toilet articles of plastics were exported from Thailand; picking up by 14% on the year before. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 53% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, plastic household articles exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Cambodia (X tons), the United States (X tons) and Australia (X tons) were the main destinations of plastic household articles exports from Thailand, with a combined 45% share of total exports. Japan, South Korea, Lao People's Democratic Republic, China, Malaysia, Myanmar, the Philippines, Indonesia, New Zealand and Maldives lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household articles exported from Thailand were the United States ($X), Japan ($X) and South Korea ($X), together accounting for 41% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +21.5%, 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 2022, the average plastic household articles export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles export price decreased by -10.6% against 2018 indices. The growth pace was the most rapid in 2015 when the average export price increased by 52%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Thailand

For the third consecutive year, Thailand recorded growth in supplies from abroad of household articles and toilet articles of plastics, which increased by 12% to X tons in 2022. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic household articles imports rose markedly to $X in 2022. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) was the main supplier of plastic household articles to Thailand, accounting for a 93% share of total imports. It was followed by Japan (X tons), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.6%.

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Thailand, comprising 84% of total imports. The second position in the ranking was held by Japan ($X), with a 4.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.9%.

Import Prices by Country

The average plastic household articles import price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.3%).

Source: IndexBox Platform

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