ASEAN: Plastic Headgear Market 2024

Plastic Headgear Market Size in ASEAN

The ASEAN plastic headgear market expanded significantly to $X in 2023, growing by X% against the previous year. Overall, consumption saw buoyant growth. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Plastic Headgear Production in ASEAN

In value terms, plastic headgear production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Plastic Headgear Exports

Exports in ASEAN

Plastic headgear exports reduced to X units in 2023, falling by X% compared with 2022 figures. Total exports indicated a perceptible increase from 2012 to 2023: its volume 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, exports increased by X% against 2021 indices. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, plastic headgear exports declined to $X in 2023. Total exports indicated a buoyant increase 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 2021 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Malaysia dominates exports structure, finishing at X units, which was near X% of total exports in 2023. Vietnam (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%). The following exporters - Thailand (X units) and Cambodia (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to plastic headgear exports from Malaysia stood at X%. At the same time, Singapore (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia, Singapore and Cambodia increased by X, X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest plastic headgear supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, surging by X% against the previous year. In general, the export price continues to indicate a perceptible expansion. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

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 Singapore ($X per unit), while Malaysia ($X per unit) 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.

Plastic Headgear Imports

Imports in ASEAN

Plastic headgear imports rose sharply to X units in 2023, picking up by X% on the previous year. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, plastic headgear imports rose to $X in 2023. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.

Imports by Country

Thailand (X units) and Vietnam (X units) represented the key importers of headgear of rubber or plastic in 2023, recording approx. X% and X% of total imports, respectively. Malaysia (X units) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%) and Singapore (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported headgear of rubber or plastic in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam amounted to X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, reducing by X% against the previous year. Overall, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) 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 mixed trends in the import price figures.

Source: IndexBox Platform