South-Eastern Asia: Plastic Furniture Market 2024

Plastic Furniture Market Size in South-Eastern Asia

The Southeast Asian plastic furniture market contracted modestly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plastic Furniture Production in South-Eastern Asia

In value terms, plastic furniture production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Plastic Furniture Exports

Exports in South-Eastern Asia

Plastic furniture exports dropped modestly to X units in 2022, declining by X% compared with the previous year. In general, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports reduced slightly to $X in 2022. Over the period under review, exports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Vietnam (X units), Malaysia (X units), Indonesia (X units) and the Philippines (X units) was the main exporter of furniture of plastic in South-Eastern Asia, achieving X% of total export. Singapore (X units) ranks next in terms of the total exports with a X% share, followed by Thailand (X%).

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

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

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 South-Eastern Asia amounted to $X per unit, shrinking 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 appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2021, and then dropped modestly in the following year.

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 Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Plastic Furniture Imports

Imports in South-Eastern Asia

In 2022, approx. X units of furniture of plastic were imported in South-Eastern Asia; with an increase of X% against 2021 figures. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic furniture imports skyrocketed to $X in 2022. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Indonesia (X units) and the Philippines (X units) were the key importers of furniture of plastic in South-Eastern Asia, together creating X% of total imports. It was distantly followed by Thailand (X units), Malaysia (X units) and Singapore (X units), together making up a X% share of total imports. Vietnam (X units) took a minor share of total imports.

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

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

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 South-Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Singapore ($X per unit), while Indonesia ($X per unit) 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

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