China - Packaging Materials - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Packaging Materials Exports Fall 15% to $4.5B in 2023
China Packaging Materials Exports
In 2023, the amount of packaging materials exported from China declined slightly to 3.9M tons, standing approx. at 2022. Over the period under review, total exports indicated a resilient expansion from 2013 to 2023: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +55.5% against 2021 indices. The pace of growth appeared the most rapid in 2022 when exports increased by 57% against the previous year. As a result, the exports reached the peak of 3.9M tons, leveling off in the following year.
In value terms, packaging materials exports dropped dramatically to $4.5B (IndexBox estimates) in 2023. In general, total exports indicated a prominent expansion from 2013 to 2023: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +64.1% against 2018 indices. The pace of growth was the most pronounced in 2022 when exports increased by 51%. As a result, the exports reached the peak of $5.4B, and then fell sharply in the following year.
| COUNTRY | Export Value of Packaging Materials in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Vietnam | 90.7 | 142 | 249 | 286 | 251 | 223 | 307 | 402 | 545 | 616 | 421 |
| Russia | 42.2 | 64.5 | 38.0 | 39.4 | 43.7 | 62.3 | 56.3 | 75.6 | 59.5 | 332 | 397 |
| Taiwan (Chinese) | 112 | 130 | 138 | 149 | 169 | 163 | 179 | 166 | 213 | 244 | 224 |
| Turkey | 95.2 | 204 | 131 | 115 | 116 | 83.0 | 128 | 105 | 116 | 220 | 220 |
| United Arab Emirates | 61.1 | 115 | 89.7 | 72.2 | 68.9 | 82.2 | 154 | 155 | 123 | 264 | 206 |
| South Korea | 109 | 118 | 91.4 | 152 | 156 | 141 | 149 | 177 | 166 | 204 | 206 |
| Thailand | 61.8 | 81.8 | 89.1 | 117 | 132 | 122 | 133 | 156 | 167 | 209 | 187 |
| India | 83.5 | 102 | 139 | 151 | 152 | 147 | 175 | 98.2 | 130 | 212 | 178 |
| Malaysia | 143 | 134 | 153 | 265 | 251 | 151 | 231 | 220 | 178 | 202 | 153 |
| Others | 1,390 | 1,776 | 2,005 | 2,032 | 1,760 | 1,585 | 1,723 | 1,745 | 1,842 | 2,851 | 2,335 |
| Total | 2,189 | 2,867 | 3,122 | 3,379 | 3,101 | 2,760 | 3,235 | 3,299 | 3,542 | 5,353 | 4,528 |
Exports by Country
Vietnam (374K tons), Russia (272K tons) and Turkey (243K tons) were the main destinations of packaging materials exports from China, together accounting for 23% of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +19.3%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for packaging materials exported from China were Vietnam ($421M), Russia ($397M) and Taiwan (Chinese) ($224M), with a combined 23% share of total exports.
Russia, with a CAGR of +25.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Folding boxboard (3.1M tons) was the largest type of packaging materials exported from China, with a 80% share of total exports. Moreover, folding boxboard exceeded the volume of the second product type, wrapping paper, packaging paper and paperboard (294K tons), more than tenfold. The third position in this ranking was taken by other papers packaging (247K tons), with a 6.3% share.
From 2013 to 2023, the average annual growth rate of the volume of folding boxboard exports stood at +8.3%. With regard to the other exported products, the following average annual rates of growth were recorded: wrapping paper, packaging paper and paperboard (+5.6% per year) and other papers packaging (+13.1% per year).
In value terms, folding boxboard ($3.4B) remains the largest type of packaging materials exported from China, comprising 74% of total exports. The second position in the ranking was taken by wrapping paper, packaging paper and paperboard ($466M), with a 10% share of total exports. It was followed by paperboard case materials, with an 8.4% share.
From 2013 to 2023, the average annual growth rate of the value of folding boxboard exports totaled +9.0%. With regard to the other exported products, the following average annual rates of growth were recorded: wrapping paper, packaging paper and paperboard (+4.5% per year) and paperboard case materials (+3.3% per year).
Export Prices by Country
In 2023, the packaging materials price stood at $1,160 per ton (FOB, China), waning by -14.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21%. The export price peaked at $1,411 per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($1,458 per ton), while the average price for exports to Turkey ($907 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the packaging materials market in China. 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:
- FCL 1617 - Case materials
- FCL 1618 - Cartonboard
- FCL 1621 - Wrapping papers
- FCL 1622 - Other papers mainly for packaging
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
