Asia: Envelope Market 2024

Envelope Market Size in Asia

After three years of growth, the Asian envelope market decreased by -1.1% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Envelope Production in Asia

In value terms, envelope production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 8.9%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Envelope Exports

Exports in Asia

In 2021, overseas shipments of envelopes decreased by -1.8% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 11% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, envelope exports declined slightly to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.4% against 2012 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports attained the peak of $X, and then dropped slightly in the following year.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 61% of total exports in 2021. It was distantly followed by Turkey (X tons), Malaysia (X tons) and India (X tons), together generating a 19% share of total exports. Indonesia (X tons), Singapore (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to envelope exports from China stood at +5.7%. At the same time, India (+14.2%), Singapore (+3.2%) and Turkey (+1.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +14.2% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-6.4%) and Indonesia (-9.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +15 and +3.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest envelope supplier in Asia, comprising 72% of total exports. The second position in the ranking was held by Malaysia ($X), with a 4.1% share of total exports. It was followed by India, with a 4.1% share.

In China, envelope exports increased at an average annual rate of +10.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-1.9% per year) and India (+20.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2020 an increase of 23%. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

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 China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced more modest paces of growth.

Envelope Imports

Imports in Asia

In 2021, envelope imports in Asia rose markedly to X tons, increasing by 5.4% compared with the previous year. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 9.3% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, envelope imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) represented the key importer of envelopes, creating 41% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with a 15% share, followed by Singapore (8.2%) and the United Arab Emirates (5%). Saudi Arabia (X tons), the Philippines (X tons), Malaysia (X tons), Iraq (X tons), Macao SAR (X tons), Israel (X tons) and Vietnam (X tons) took a minor share of total imports.

Imports into Japan increased at an average annual rate of +6.8% from 2012 to 2021. At the same time, Iraq (+46.1%), Macao SAR (+26.9%), Vietnam (+23.5%), the Philippines (+11.0%), Malaysia (+10.5%), Israel (+7.7%) and Singapore (+2.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in Asia, with a CAGR of +46.1% from 2012-2021. By contrast, Saudi Arabia (-3.6%), Hong Kong SAR (-4.2%) and the United Arab Emirates (-6.0%) illustrated a downward trend over the same period. While the share of Japan (+14 p.p.), Iraq (+2.4 p.p.) and Macao SAR (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Saudi Arabia (-2.1 p.p.), the United Arab Emirates (-5.3 p.p.) and Hong Kong SAR (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported envelopes in Asia, comprising 46% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by Singapore, with an 8% share.

In Japan, envelope imports expanded at an average annual rate of +8.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (-3.3% per year) and Singapore (+4.2% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, increasing by 5.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 an increase of 9.1%. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

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 ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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