South-Eastern Asia: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in South-Eastern Asia

In 2023, after two years of growth, there was decline in the Southeast Asian plastics in primary forms market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2022, and then contracted modestly in the following year.

Production of Plastics in Primary Forms in South-Eastern Asia

In value terms, plastics in primary forms production stood at $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Plastics in Primary Forms

Exports in South-Eastern Asia

For the fifth consecutive year, South-Eastern Asia recorded decline in shipments abroad of plastics in primary formses, which decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, plastics in primary forms exports reduced sharply to $X in 2023. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of plastics in primary formses, namely Thailand, Singapore and Malaysia, represented more than two-thirds of total export. It was distantly followed by Vietnam (X tons) and Indonesia (X tons), together making up an X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Vietnam and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Plastics in Primary Forms

Imports in South-Eastern Asia

In 2023, the amount of plastics in primary formses imported in South-Eastern Asia fell slightly to X tons, with a decrease of X% compared with 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, plastics in primary forms imports fell to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Vietnam (X tons), distantly followed by Indonesia (X tons), Malaysia (X tons), Thailand (X tons), Singapore (X tons) and the Philippines (X tons) represented the largest importers of plastics in primary formses, together committing X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, 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 import price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price saw a slight curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform