![Thailand - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/thailand-plastic-stoppers-caps-and-closures-market-analysis-forecast-size-trends-and-insights.webp)
Thailand - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingThailand's Plastic Closure Export Reaches $8.7M for September 2023
Thailand Plastic Closure Exports
In September 2023, overseas shipments of plastic stoppers, caps and closures decreased by -4.5% to 1.8K tons, falling for the third consecutive month after two months of growth. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in May 2023 when exports increased by 14% m-o-m.
In value terms, plastic closure exports fell modestly to $8.7M (IndexBox estimates) in September 2023. Overall, exports showed a slight descent. The most prominent rate of growth was recorded in May 2023 with an increase of 16% against the previous month.
COUNTRY | Export Value of Plastic Closure in Thailand (thousand USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
Japan | 2,721 | 1,913 | 1,813 | 1,986 | 2,471 | 1,955 | 2,176 | 1,853 | 2,573 | 2,431 | 2,550 | 2,055 | 1,880 |
United States | 1,097 | 1,174 | 959 | 703 | 731 | 868 | 1,089 | 1,283 | 971 | 1,118 | 1,062 | 1,280 | 1,251 |
Indonesia | 678 | 471 | 516 | 611 | 587 | 641 | 941 | 659 | 664 | 587 | 453 | 792 | 856 |
Philippines | 937 | 1,049 | 772 | 658 | 424 | 249 | 425 | 369 | 450 | 616 | 548 | 350 | 620 |
Australia | 678 | 594 | 465 | 754 | 664 | 512 | 629 | 222 | 232 | 530 | 744 | 621 | 598 |
China | 414 | 336 | 657 | 411 | 559 | 479 | 246 | 142 | 238 | 311 | 308 | 238 | 359 |
Lao People's Democratic Republic | 248 | 264 | 346 | 240 | 334 | 391 | 442 | 229 | 333 | 323 | 277 | 330 | 300 |
Others | 4,094 | 3,007 | 3,737 | 2,988 | 3,025 | 3,368 | 3,028 | 2,778 | 3,256 | 3,119 | 3,086 | 3,016 | 2,803 |
Total | 10,866 | 8,808 | 9,265 | 8,352 | 8,793 | 8,463 | 8,976 | 7,535 | 8,718 | 9,035 | 9,027 | 8,683 | 8,668 |
Exports by Country
The United States (306 tons), Japan (287 tons) and the Philippines (191 tons) were the main destinations of plastic closure exports from Thailand, together comprising 43% of total exports.
From September 2022 to September 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +2.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for plastic closure exported from Thailand were Japan ($1.9M), the United States ($1.3M) and Indonesia ($856K), with a combined 46% share of total exports.
Indonesia, with a CAGR of +2.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In September 2023, the plastic closure price amounted to $4,771 per ton (FOB, Thailand), surging by 4.5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 10% m-o-m. Over the period under review, the average export prices attained the maximum at $5,033 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($6,976 per ton), while the average price for exports to Lao People's Democratic Republic ($2,609 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the plastic closure market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023