ASEAN: Paper Machinery Market 2025

Paper Machinery Market Size in ASEAN

In 2021, the ASEAN paper machinery market decreased by -38.8% to $X, falling for the third consecutive year after three years of growth. In general, consumption showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Paper Machinery Production in ASEAN

In value terms, paper machinery production fell modestly to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.6% against 2018 indices. The growth pace was the most rapid in 2019 when the production volume increased by 58% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank modestly in the following year.

Paper Machinery Exports

Exports in ASEAN

After three years of decline, overseas shipments of machinery for making paper or paperboard increased by 13% to X units in 2021. Over the period under review, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2017 when exports increased by 264% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, paper machinery exports expanded remarkably to $X in 2021. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 434% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Singapore (X units) was the main exporter of machinery for making paper or paperboard, committing 63% of total exports. Indonesia (X units) ranks second in terms of the total exports with a 20% share, followed by Malaysia (13%). Vietnam (X units) held a little share of total exports.

Singapore was also the fastest-growing in terms of the machinery for making paper or paperboard exports, with a CAGR of +41.8% from 2012 to 2021. At the same time, Indonesia (+17.9%) and Malaysia (+5.5%) displayed positive paces of growth. By contrast, Vietnam (-5.9%) illustrated a downward trend over the same period. Singapore (+61 p.p.), Indonesia (+17 p.p.) and Malaysia (+6.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest paper machinery supplier in ASEAN, comprising 89% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 6.2% share of total exports. It was followed by Indonesia, with a 4.6% share.

In Singapore, paper machinery exports expanded at an average annual rate of +43.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+6.3% per year) and Indonesia (+12.0% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, with a decrease of -6.4% against the previous year. In general, the export price, however, showed strong growth. The pace of growth was the most pronounced in 2013 an increase of 304% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Paper Machinery Imports

Imports in ASEAN

In 2021, approx. X units of machinery for making paper or paperboard were imported in ASEAN; declining by -45.9% on 2020 figures. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 111% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, paper machinery imports fell rapidly to $X in 2021. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 112%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X units) and Vietnam (X units) represented roughly 73% of total imports in 2021. Thailand (X units) took the next position in the ranking, followed by Malaysia (X units). All these countries together took approx. 18% share of total imports. The following importers - the Philippines (X units), Cambodia (X units) and Lao People's Democratic Republic (X units) - together made up 8.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported machinery for making paper or paperboard in ASEAN, comprising 56% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 19% share of total imports. It was followed by Thailand, with a 12% share.

In Vietnam, paper machinery imports expanded at an average annual rate of +25.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-22.6% per year) and Thailand (+2.0% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, increasing by 34% against the previous year. In general, the import price enjoyed modest growth. The pace of growth was the most pronounced in 2013 when the import price increased by 81% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform