Thailand: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Thailand

The Thai market for plastic plates, sheets, film, foil and strip rose slightly to $X in 2021, growing by 3.9% against the previous year. Overall, consumption recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the market value increased by 6.8% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Thailand

In value terms, production of plastic plates, sheets, film, foil and strip expanded markedly to $X in 2021 estimated in export price. Overall, production showed a slight contraction. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Thailand

In 2021, exports of plastic plates, sheets, film, foil and strip from Thailand stood at X tons, rising by 5.6% against the previous year's figure. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Thailand, together comprising 31% of total exports. Japan, India, Indonesia, China, Australia, Malaysia, the Philippines, Bangladesh and Myanmar lagged somewhat behind, together comprising a further 55%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +31.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and South Korea ($X) were the largest markets for plastic plate, sheet, film, foil and strip exported from Thailand worldwide, together comprising 33% of total exports. Japan, India, Indonesia, China, Australia, Malaysia, the Philippines, Bangladesh and Myanmar lagged somewhat behind, together comprising a further 51%.

Myanmar, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, among 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 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the 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 United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Thailand

In 2021, imports of plastic plates, sheets, film, foil and strip into Thailand rose sharply to X tons, with an increase of 8.6% on the year before. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, imports of plastic plates, sheets, film, foil and strip rose remarkably to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic plate, sheet, film, foil and strip to Thailand, accounting for a 46% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+5.8% per year) and Indonesia (+4.8% per year).

In value terms, China ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Thailand, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.7% per year) and Malaysia (+3.4% per year).

Import Prices by Country

The average import price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, rising by 3.1% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 5.7%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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