David J. Price, Partner, Price Hanna Consultants LLC03.04.19
Nonwoven capacity and production demand (in-region demand and exports) in Southeast Asia is expected to continue to grow during 2018 – 2023 driven by favorable demographics, economic conditions, local and export market demand and increasing market penetration.
Taken as a whole, the ASEAN 5 countries (Malaysia, Indonesia, Philippines, Thailand and Vietnam) are now estimated to be the third largest global market and among the largest global economies. In 2019, real GDP annual growth is expected to range from 3% in Thailand to 6% in Vietnam and the Philippines. GDP growth in Indonesia is estimated to grow 5% in 2019 and 4.5% in Malaysia. In comparison, GDP growth in China is expected to range from 4.5 - 6.3% depending upon the source in 2019. Global annual growth in 2019 is expected to be about 3%. Annual GDP growth is likely to ebb over time, however, as the aggregate economies in each country become larger.
Attractive economic growth amongst the ASEAN five countries spurs has led to rising employment, higher productivity and wages. This in turn has driven increased consumption of disposable nonwoven produc
Taken as a whole, the ASEAN 5 countries (Malaysia, Indonesia, Philippines, Thailand and Vietnam) are now estimated to be the third largest global market and among the largest global economies. In 2019, real GDP annual growth is expected to range from 3% in Thailand to 6% in Vietnam and the Philippines. GDP growth in Indonesia is estimated to grow 5% in 2019 and 4.5% in Malaysia. In comparison, GDP growth in China is expected to range from 4.5 - 6.3% depending upon the source in 2019. Global annual growth in 2019 is expected to be about 3%. Annual GDP growth is likely to ebb over time, however, as the aggregate economies in each country become larger.
Attractive economic growth amongst the ASEAN five countries spurs has led to rising employment, higher productivity and wages. This in turn has driven increased consumption of disposable nonwoven produc
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