Malaysia - Plastic Sacks And Bags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bag Price in Malaysia - 2021
Contents:
- Plastic Bag Price in Malaysia (FOB) - 2021
- Plastic Bag Price in Malaysia (CIF) - 2021
- Plastic Bag Exports in Malaysia
- Plastic Bag Imports in Malaysia
Plastic Bag Price in Malaysia (FOB) - 2021
The average plastic bag export price stood at $2,022 per ton in December 2021, remaining stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in February 2021 when the average export price increased by 7.1% against the previous month. Over the period under review, the average export prices attained the maximum at $2,029 per ton in October 2021; afterwards, it flattened through to December 2021.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Thailand ($3,271 per ton), while the average price for exports to Indonesia ($1,693 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Bag Price in Malaysia (CIF) - 2021
In December 2021, the average plastic bag import price amounted to $3,634 per ton, increasing by 21% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 29% month-to-month. As a result, import price attained the peak level of $4,300 per ton. From April 2021 to December 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($22,713 per ton), while the price for China ($2,571 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Plastic Bag Exports in Malaysia
In 2022, overseas shipments of plastic sacks and bags increased by 26% to 275K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, plastic bag exports reached $577M in 2022. Over the period under review, exports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 8.4%.
Export of Plastic Bag in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 154 | 164 | 198 | 137 | -3.8% |
Australia | 59.5 | 66.5 | 85.5 | 117 | 25.3% |
Singapore | 79.3 | 70.9 | 80.9 | 103 | 9.1% |
Japan | 52.9 | 41.5 | 45.8 | 45.8 | -4.7% |
Thailand | 20.1 | 21.2 | 22.8 | 32.6 | 17.5% |
Indonesia | 20.5 | 18.9 | 17.4 | 28.2 | 11.2% |
United Kingdom | 38.5 | 32.5 | 20.5 | 21.9 | -17.1% |
Norway | 5.6 | 6.3 | 5.7 | 9.8 | 20.5% |
Angola | 3.4 | 3.9 | 1.3 | 4.8 | 12.2% |
Others | 161 | 97.0 | 88.5 | 77.4 | -21.7% |
Total | 595 | 523 | 567 | 577 | -1.0% |
Top Export Markets for Plastic Bag from Malaysia in 2022:
- United States (74.2K tons)
- Australia (56.4K tons)
- Singapore (45.7K tons)
- Japan (20.8K tons)
- Indonesia (14.2K tons)
- United Kingdom (12.0K tons)
- Thailand (10.2K tons)
- Angola (8.1K tons)
- Norway (5.4K tons)
Plastic Bag Imports in Malaysia
In 2022, plastic bag imports into Malaysia reached 28K tons, flattening at the previous year. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports reached the peak of 28K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, plastic bag imports surged to $110M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 19% against the previous year. As a result, imports reached the peak of $125M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Plastic Bag in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 53.2 | 73.8 | 56.3 | 49.9 | -2.1% |
Singapore | 6.6 | 5.8 | 5.1 | 17.9 | 39.5% |
United States | 13.2 | 10.9 | 8.1 | 10.2 | -8.2% |
Thailand | 7.0 | 9.0 | 5.4 | 8.9 | 8.3% |
Vietnam | 4.9 | 7.7 | 4.2 | 6.0 | 7.0% |
Japan | 5.1 | 7.0 | 4.6 | 3.7 | -10.1% |
Taiwan (Chinese) | 1.4 | 1.7 | 1.0 | 2.4 | 19.7% |
Others | 13.2 | 8.8 | 9.0 | 10.4 | -7.6% |
Total | 105 | 125 | 93.7 | 110 | 1.6% |
Top Suppliers of Plastic Bag to Malaysia in 2022:
- China (17.9K tons)
- Singapore (2.5K tons)
- Vietnam (1.6K tons)
- Thailand (1.6K tons)
- Taiwan (Chinese) (0.7K tons)
- United States (0.7K tons)
- Japan (0.6K tons)
This report provides an in-depth analysis of the plastic bag market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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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