ASEAN: Plaster Article Market 2024

Plaster Article Market Size in ASEAN

The ASEAN plaster article market stood at $X in 2022, leveling off at the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Plaster Article Production in ASEAN

In value terms, plaster article production stood at $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Plaster Article Exports

Exports in ASEAN

In 2022, shipments abroad of articles of plaster or of compositions based on plaster was finally on the rise to reach X square meters for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plaster article exports expanded notably to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, reaching X square meters, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X square meters), constituting a X% share of total exports. Malaysia (X square meters) took a minor share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of articles of plaster or of compositions based on plaster. Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest plaster article supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In Thailand, plaster article exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Plaster Article Imports

Imports in ASEAN

For the sixth year in a row, ASEAN recorded decline in supplies from abroad of articles of plaster or of compositions based on plaster, which decreased by X% to X square meters in 2022. Overall, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X square meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, plaster article imports contracted to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Singapore (X square meters), Vietnam (X square meters), Cambodia (X square meters), Malaysia (X square meters) and Myanmar (X square meters) represented roughly X% of total imports in 2022. It was distantly followed by the Philippines (X square meters), making up an X% share of total imports. Lao People's Democratic Republic (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Cambodia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Philippines, Myanmar, Malaysia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Lao People's Democratic Republic, 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 ASEAN stood at $X per square meter in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :