Thailand: Ethylene Polymer Bag Market 2025

Ethylene Polymer Bag Market Size in Thailand

The Thai ethylene polymer bag market declined to $X in 2022, waning by -2.3% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.7% against 2019 indices. Ethylene polymer bag consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ethylene Polymer Bag Production in Thailand

In value terms, ethylene polymer bag production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22% against the previous year. Ethylene polymer bag production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Ethylene Polymer Bag Exports

Exports from Thailand

Ethylene polymer bag exports from Thailand expanded modestly to X tons in 2022, increasing by 4.6% compared with the previous year. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, ethylene polymer bag exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and Australia (X tons) were the main destinations of ethylene polymer bag exports from Thailand, with a combined 76% share of total exports. The UK, Switzerland and New Zealand lagged somewhat behind, together accounting for a further 8.6%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +17.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Japan ($X) and Australia ($X) appeared to be the largest markets for ethylene polymer bag exported from Thailand worldwide, with a combined 75% share of total exports. The UK, Switzerland and New Zealand lagged somewhat behind, together accounting for a further 7.8%.

Switzerland, with a CAGR of +17.5%, saw the highest rates of growth with regard to 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 2022, the average ethylene polymer bag export price amounted to $X per ton, rising by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2019 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Australia ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Thailand

For the eleventh consecutive year, Thailand recorded growth in overseas purchases of sacks and bags of polymers of ethylene, which increased by 32% to X tons in 2022. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer bag imports expanded significantly to $X in 2022. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ethylene polymer bag to Thailand, accounting for a 72% share of total imports. Moreover, ethylene polymer bag imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+60.9% per year) and Malaysia (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Thailand, comprising 67% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total imports. It was followed by Malaysia, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+53.8% per year) and Malaysia (+0.4% per year).

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2022, which is down by -16.4% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 9.8%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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