Thailand: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Thailand

The Thai market for self-adhesive plastic tape in rolls of a width under 20cm shrank to $X in 2022, declining by -3.8% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Thailand

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 21% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Thailand

In 2022, overseas shipments of self-adhesive plastic tape in rolls of a width under 20cm decreased by -6.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 29%. Over the period under review, the exports of attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm expanded to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Thailand, with a 28% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Japan exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+2.5% per year) and Indonesia (+9.1% per year).

In value terms, Japan ($X), Vietnam ($X) and Indonesia ($X) constituted the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Thailand worldwide, together comprising 43% of total exports. Cambodia, China, the Philippines, Australia, India, Hong Kong SAR, Mexico, Lao People's Democratic Republic, Pakistan and Turkey lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Mexico, with a CAGR of +99.3%, 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 export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, rising by 9.2% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for self-adhesive plastic tape in rolls of a width under 20cm increased by +13.8% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 50% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Philippines ($X per ton), while the average price for exports to Australia ($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 Hong Kong SAR (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Thailand

After two years of growth, supplies from abroad of self-adhesive plastic tape in rolls of a width under 20cm decreased by -1.3% to X tons in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +64.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm totaled $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Thailand, accounting for a 63% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was held by Malaysia (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.2% per year) and Malaysia (+24.1% per year).

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Thailand, together comprising 67% of total imports. The United States, Malaysia, South Korea, Belgium, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Vietnam, with a CAGR of +41.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, growing by 3.6% against the previous year. Overall, the import price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :