ASEAN: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in ASEAN

The ASEAN plastic household articles market was estimated at $X in 2022, picking up by 3% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.0% against 2017 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Household Articles Production in ASEAN

In value terms, plastic household articles production expanded modestly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value 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, production decreased by -2.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Plastic Household Articles Exports

Exports in ASEAN

In 2022, the amount of household articles and toilet articles of plastics exported in ASEAN was estimated at X tons, picking up by 4.9% on 2021. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic household articles exports dropped to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 48%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the Philippines (X tons), Vietnam (X tons) and Thailand (X tons) was the key exporter of household articles and toilet articles of plastics in ASEAN, comprising 78% of total export. Malaysia (X tons) held the next position in the ranking, followed by Indonesia (X tons). All these countries together took approx. 18% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together accounting for 73% of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of +20.2%, 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 export price in ASEAN amounted to $X per ton, shrinking by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 when the export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.0%), while the other leaders experienced more modest paces of growth.

Plastic Household Articles Imports

Imports in ASEAN

In 2022, supplies from abroad of household articles and toilet articles of plastics increased by 15% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic household articles imports contracted modestly to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 38%. The level of import peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

The Philippines was the largest importing country with an import of about X tons, which amounted to 33% of total imports. Thailand (X tons) held the second position in the ranking, followed by Indonesia (X tons), Vietnam (X tons), Malaysia (X tons), Singapore (X tons) and Cambodia (X tons). All these countries together held near 65% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising 60% of total imports. Indonesia, Singapore, Malaysia and Cambodia lagged somewhat behind, together accounting for a further 39%.

Cambodia, with a CAGR of +27.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 ton in 2022, reducing by -13.1% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles import price decreased by -23.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 34%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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