Iran Continues to Be the Main Export Market for Chinese Wrapping Paper

IndexBox has just published a new report: 'China - Wrapping Papers - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2018, Iran (X tons) was the main destination for wrapping papers exports from China, with a X% share of total exports. Moreover, wrapping papers exports to Iran exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

Market Size

The revenue of the wrapping papers market in China amounted to $X in 2018, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).

Over the period under review, the total market indicated a remarkable increase from 2007 to 2018: its value 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 2018 figures, wrapping papers consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, the wrapping papers market attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Production in China

In 2018, approx. X tons of wrapping papers were produced in China; remaining relatively unchanged against the previous year. The total output volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Wrapping papers production peaked at X tons in 2017, leveling off in the following year.

In value terms, wrapping papers production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong increase from 2007 to 2018: 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 2018 figures, wrapping papers production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when production volume increased by X% against the previous year. Over the period under review, wrapping papers production attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Exports from China

In 2018, approx. X tons of wrapping papers were exported from China; jumping by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, wrapping papers exports attained their peak figure at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, wrapping papers exports totaled $X (IndexBox estimates) in 2018. Over the period under review, the total exports indicated resilient growth from 2007 to 2018: its value 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 2018 figures, wrapping papers exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

From 2007 to 2018, the average annual rate of growth in terms of volume to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Indonesia (-X% per year).

In value terms, the largest markets for wrapping papers exported from China were Iran ($X), the U.S. ($X) and Thailand ($X), with a combined X% share of total exports.

Among the main countries of destination, Thailand recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average wrapping papers export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, the average export prices for wrapping papers attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Vietnam ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform