Thailand - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in Thailand - 2023
Contents:
- Plastic Bag Price in Thailand (FOB) - 2023
- Plastic Bag Price in Thailand (CIF) - 2023
- Plastic Bag Exports in Thailand
- Plastic Bag Imports in Thailand
Plastic Bag Price in Thailand (FOB) - 2023
The average plastic bag export price stood at $2,517 per ton in September 2023, rising by 3.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 8.9% month-to-month. Over the period under review, the average export prices attained the maximum at $2,805 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Japan ($2,762 per ton), while the average price for exports to Cambodia ($1,804 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Bag Price in Thailand (CIF) - 2023
The average plastic bag import price stood at $3,167 per ton in September 2023, stabilizing at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 23% month-to-month. As a result, import price reached the peak level of $4,093 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($11,823 per ton), while the price for Indonesia ($2,133 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Bag Exports in Thailand
Plastic bag exports from Thailand expanded notably to 311K tons in 2022, with an increase of 5.6% on 2021 figures. The total export volume increased at an average annual rate of +9.4% from 2019 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 2020 when exports increased by 34%. As a result, the exports attained the peak of 317K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, plastic bag exports rose notably to $831M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Plastic Bag in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 212 | 249 | 262 | 297 | 11.9% |
| Japan | 178 | 177 | 176 | 205 | 4.8% |
| Australia | 57.4 | 59.5 | 60.6 | 74.1 | 8.9% |
| United Kingdom | 48.4 | 42.6 | 36.3 | 36.5 | -9.0% |
| Cambodia | 23.7 | 20.8 | 21.7 | 23.0 | -1.0% |
| Lao People's Democratic Republic | 11.9 | 15.7 | 14.6 | 17.3 | 13.3% |
| Switzerland | 12.6 | 10.3 | 12.6 | 13.9 | 3.3% |
| Others | 166 | 155 | 160 | 163 | -0.6% |
| Total | 711 | 730 | 744 | 831 | 5.3% |
Top Export Markets for Plastic Bag from Thailand in 2022:
- United States (112.8K tons)
- Japan (71.5K tons)
- Australia (34.1K tons)
- United Kingdom (15.5K tons)
- Cambodia (11.9K tons)
- Lao People's Democratic Republic (10.3K tons)
- Switzerland (6.1K tons)
Plastic Bag Imports in Thailand
For the fourth year in a row, Thailand recorded growth in purchases abroad of plastic sacks and bags, which increased by 23% to 66K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, plastic bag imports expanded slightly to $227M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Plastic Bag in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.3 | 93.1 | 102 | 113 | 14.5% |
| Malaysia | 22.6 | 23.4 | 24.4 | 23.7 | 1.6% |
| Japan | 19.4 | 24.8 | 28.6 | 23.0 | 5.8% |
| South Korea | 22.4 | 21.9 | 22.4 | 18.1 | -6.9% |
| Vietnam | 2.1 | 6.4 | 6.1 | 10.4 | 70.5% |
| Indonesia | 2.8 | 2.7 | 3.0 | 3.1 | 3.5% |
| Others | 23.9 | 28.1 | 36.3 | 34.8 | 13.3% |
| Total | 168 | 200 | 223 | 227 | 10.6% |
Top Suppliers of Plastic Bag to Thailand in 2022:
- China (49.5K tons)
- Vietnam (4.7K tons)
- Malaysia (4.5K tons)
- Japan (1.9K tons)
- South Korea (1.5K tons)
- Indonesia (1.2K tons)
This report provides an in-depth analysis of the plastic bag market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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