Thailand: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Thailand

The Thai plastic household ware market skyrocketed to $X in 2021, surging by 19% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Plastic Household Ware Production in Thailand

In value terms, plastic household ware production soared to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Plastic household ware production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Plastic Household Ware Exports

Exports from Thailand

After two years of decline, shipments abroad of plastics household articles and toilet articles increased by 8% to X tons in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, plastic household ware exports stood at $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Cambodia (X tons) and Australia (X tons) were the main destinations of plastic household ware exports from Thailand, together accounting for 41% of total exports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +28.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Australia ($X) constituted the largest markets for plastic household ware exported from Thailand worldwide, with a combined 35% share of total exports. Cambodia, South Korea, the Philippines, Lao People's Democratic Republic, Indonesia, China, the United Arab Emirates, Malaysia, New Zealand and Myanmar lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of +19.5%, 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

The average plastic household ware export price stood at $X per ton in 2021, which is down by -3.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 12% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Myanmar ($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 Indonesia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Thailand

In 2021, approx. X tons of plastics household articles and toilet articles were imported into Thailand; remaining constant against the year before. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 42%. As a result, imports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, plastic household ware imports dropped slightly to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then reduced modestly in the following year.

Imports by Country

In 2021, China (X tons) was the main supplier of plastic household ware to Thailand, accounting for a 93% share of total imports. It was followed by Japan (X tons), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.2%.

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to Thailand, comprising 84% of total imports. The second position in the ranking was held by Japan ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.0%.

Import Prices by Country

The average plastic household ware import price stood at $X per ton in 2021, shrinking by -1.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%).

Source: IndexBox Platform

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