ASEAN: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in ASEAN

In 2022, the ASEAN plastic ornamental articles market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Plastic Ornamental Articles Production in ASEAN

In value terms, plastic ornamental articles production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports in ASEAN

In 2022, shipments abroad of statuettes and other ornamental articles of plastic decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a modest expansion from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined modestly in the following year.

In value terms, plastic ornamental articles exports reached $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Vietnam (X tons) was the major exporter of statuettes and other ornamental articles of plastic, constituting X% of total exports. The Philippines (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%), Thailand (X%) and Cambodia (X%). The following exporters - Singapore (X tons) and Myanmar (X tons) - each finished at a X% share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Myanmar (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Cambodia (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest plastic ornamental articles supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Plastic Ornamental Articles Imports

Imports in ASEAN

In 2022, plastic ornamental articles imports in ASEAN dropped remarkably to X tons, falling by X% on 2021. Over the period under review, imports, however, continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic ornamental articles imports contracted slightly to $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of plastic ornamental articles imports in 2022 were Thailand (X tons), the Philippines (X tons), Indonesia (X tons) and Vietnam (X tons), together reaching X% of total import. It was distantly followed by Malaysia (X tons) and Singapore (X tons), together achieving a X% share of total imports. Myanmar (X tons) followed a long way behind the leaders.

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

In value terms, Vietnam ($X) constitutes the largest market for imported statuettes and other ornamental articles of plastic in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, plastic ornamental articles imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, 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 Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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