ASEAN: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in ASEAN

After two years of growth, the ASEAN plastic ornamental articles market decreased by X% to $X in 2023. In general, consumption saw a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Plastic Ornamental Articles Production in ASEAN

In value terms, plastic ornamental articles production reached $X in 2023 estimated in export price. In general, production, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Plastic Ornamental Articles Exports

Exports in ASEAN

In 2023, shipments abroad of statuettes and other ornamental articles of plastic decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a mild reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, plastic ornamental articles exports dropped modestly to $X in 2023. Total exports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted modestly in the following year.

Exports by Country

Vietnam was the main exporter of statuettes and other ornamental articles of plastic in ASEAN, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. The Philippines (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), Indonesia (X%) and Myanmar (X%). The following exporters - Malaysia (X tons) and Cambodia (X tons) - each accounted for a X% share of total exports.

Vietnam experienced a relatively flat trend pattern with regard to volume of exports of statuettes and other ornamental articles of plastic. At the same time, Cambodia (X%), Myanmar (X%), Thailand (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 2012-2023. By contrast, the Philippines (X%) and Malaysia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Myanmar (X p.p.), Thailand (X p.p.), Cambodia (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while the Philippines and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively.

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

In Vietnam, plastic ornamental articles exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Cambodia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic ornamental articles export price increased by X% against 2016 indices. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Plastic Ornamental Articles Imports

Imports in ASEAN

Plastic ornamental articles imports plummeted to X tons in 2023, dropping by X% against 2022. In general, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, plastic ornamental articles imports dropped notably to $X in 2023. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2023, Vietnam (X tons) represented the largest importer of statuettes and other ornamental articles of plastic, generating X% of total imports. Thailand (X tons) ranks second in terms of the total imports with an X% share, followed by Indonesia (X%), the Philippines (X%) and Malaysia (X%). The following importers - Singapore (X tons) and Cambodia (X tons) - together made up X% of total imports.

Vietnam was also the fastest-growing in terms of the statuettes and other ornamental articles of plastic imports, with a CAGR of X% from 2012 to 2023. At the same time, Cambodia (X%), Indonesia (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Malaysia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported statuettes and other ornamental articles of plastic in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with an 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 2012-2023. 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 2023, declining by X% against the previous year. Import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic ornamental articles import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced slightly in the following year.

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 2023, 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