Thailand: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Thailand

The Thai plastic reservoir market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Plastic Reservoir Production in Thailand

In value terms, plastic reservoir production shrank to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Plastic reservoir production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Plastic Reservoir Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of plastic reservoirs, tanks and vats, when their volume decreased by X% to X tons. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, plastic reservoir exports fell notably to $X in 2022. Overall, total exports indicated a tangible 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. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Lao People's Democratic Republic (X tons), Myanmar (X tons) and Vietnam (X tons) were the main destinations of plastic reservoir exports from Thailand, together accounting for X% of total exports.

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

In value terms, Lao People's Democratic Republic ($X), Myanmar ($X) and Vietnam ($X) were the largest markets for plastic reservoir exported from Thailand worldwide, with a combined X% share of total exports.

Among the main countries of destination, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to 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 average plastic reservoir export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Reservoir Imports

Imports into Thailand

Plastic reservoir imports into Thailand fell markedly to X tons in 2022, waning by X% compared with 2021 figures. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, plastic reservoir imports fell sharply to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Japan (X tons), Brazil (X tons) and Malaysia (X tons) were the main suppliers of plastic reservoir imports to Thailand, with a combined X% share of total imports. China and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, Malaysia ($X) constituted the largest supplier of plastic reservoirs, tanks and vats to Thailand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average plastic reservoir import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price 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, plastic reservoir import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Brazil ($X per ton) 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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform