Recent crackdowns in Thailand on illegally imported e-waste, alongside synchronized regulatory tightening in Malaysia and Indonesia regarding transboundary e-waste flows, signal a decisive shift in Southeast Asia. The region is transitioning from a high-opacity, informal circulation model toward a regulatory framework centered on traceability, filing compliance, and environmental processing capabilities. Against this backdrop, the competitive logic of the industry is evolving. E-waste is no longer merely a trade commodity; it has become a critical sector defined by both resource value and regulatory constraints. Future core competitiveness will shift from "the ability to source raw materials" to a comprehensive capability for legal acquisition, standardized processing, and stable delivery.