ASEAN: Container Market 2024

Container Market Size in ASEAN

The ASEAN container market declined modestly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Container Production in ASEAN

In value terms, container production declined slightly to $X in 2022 estimated in export price. The total production indicated a measured expansion 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Container Exports

Exports in ASEAN

In 2022, shipments abroad of tanks, casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the third year in a row after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, container exports expanded markedly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X units) and Malaysia (X units) were the major exporters of tanks, casks, drums, cans, boxes and similar containers in ASEAN, together accounting for approx. X% of total exports. Indonesia (X units) ranks next in terms of the total exports with a X% share, followed by Vietnam (X%), Singapore (X%) and Brunei Darussalam (X%). Cambodia (X units) followed a long way behind the leaders.

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

In value terms, the largest container supplying countries in ASEAN were Thailand ($X), Malaysia ($X) and Vietnam ($X), together comprising X% of total exports. Singapore, Indonesia, Cambodia and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Brunei Darussalam, with a CAGR of X%, 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

The export price in ASEAN stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 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 unit), while Brunei Darussalam (less than $X per unit) 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.

Container Imports

Imports in ASEAN

In 2022, purchases abroad of tanks, casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2017; afterwards, it flattened through to 2022.

In value terms, container imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the six major importers of tanks, casks, drums, cans, boxes and similar containers, namely Cambodia, Vietnam, Thailand, Singapore, Indonesia and Malaysia, represented more than two-thirds of total import. It was distantly followed by the Philippines (X units), creating a X% share of total imports.

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

In value terms, the largest container importing markets in ASEAN were Cambodia ($X), Vietnam ($X) and Thailand ($X), together accounting for X% of total imports.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, 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 the Philippines ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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