Thailand: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Thailand

The Thai market for non-cellular plates, sheets, film, foil and strip of plastics was estimated at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2018; afterwards, it flattened through to 2022.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Thailand

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Thailand

In 2022, exports of non-cellular plates, sheets, film, foil and strip of plastics from Thailand fell modestly to X tons, almost unchanged from the previous year. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 60%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics stood at $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value 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, exports increased by +36.9% against 2018 indices. The growth pace was the most rapid in 2014 when exports increased by 35% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The Philippines (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from Thailand, together comprising 59% of total exports. Indonesia, Myanmar, India, Australia, the United States, Singapore, Japan, China, Lao People's Democratic Republic and Cambodia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from Thailand were the Philippines ($X), Vietnam ($X) and Indonesia ($X), together accounting for 57% of total exports. Malaysia, China, Australia, Myanmar, Singapore, the United States, India, Cambodia, Japan and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 32%.

China, with a CAGR of +25.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 export price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, growing by 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2018 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 China (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Thailand

For the third consecutive year, Thailand recorded growth in purchases abroad of non-cellular plates, sheets, film, foil and strip of plastics, which increased by 3.6% to X tons in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +36.9% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 34%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics amounted to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest non-cellular plates, sheets, film, foil and strip of plastics supplier to Thailand, with a 53% share of total imports. Moreover, imports of non-cellular plates, sheets, film, foil and strip of plastics from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by India (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.4% per year) and India (+4.8% per year).

In value terms, China ($X) constituted the largest supplier of non-cellular plates, sheets, film, foil and strip of plastics to Thailand, comprising 36% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.0% per year) and Taiwan (Chinese) (+4.9% per year).

Import Prices by Country

The average import price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 9.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform