Asia: Paper Label Market 2025

Paper Label Market Size in Asia

In 2021, after two years of decline, there was growth in the Asian paper label market, when its value increased by 0.4% to $X. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Paper Label Production in Asia

In value terms, paper label production totaled $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 decreased by -17.0% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Paper Label Exports

Exports in Asia

After two years of decline, overseas shipments of labels of paper or paperboard increased by 35% to X tons in 2021. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper label exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporter of labels of paper or paperboard in Asia, with the volume of exports accounting for X tons, which was approx. 59% of total exports in 2021. Hong Kong SAR (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together held near 17% share of total exports. Vietnam (X tons), Turkey (X tons), the United Arab Emirates (X tons), South Korea (X tons), Singapore (X tons), Thailand (X tons) and India (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, Vietnam (+21.5%), the United Arab Emirates (+11.0%), Turkey (+6.1%), India (+4.7%), Thailand (+3.3%), Taiwan (Chinese) (+2.9%) and South Korea (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.5% from 2012-2021. By contrast, Hong Kong SAR (-1.8%) and Singapore (-2.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Vietnam and the United Arab Emirates increased by +5.5, +2.9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper label supplier in Asia, comprising 49% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 21% share of total exports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +8.0%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-1.2% per year) and Taiwan (Chinese) (+4.2% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 8.8%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other leaders experienced more modest paces of growth.

Paper Label Imports

Imports in Asia

Paper label imports skyrocketed to X tons in 2021, with an increase of 33% on the year before. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper label imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR (X tons) and Vietnam (X tons) represented the largest importers of labels of paper or paperboard in 2021, finishing at near 20% and 17% of total imports, respectively. Indonesia (X tons) held a 7% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (5.7%), Cambodia (5.6%), India (5.4%) and Bangladesh (5.2%). Malaysia (X tons), Saudi Arabia (X tons), Japan (X tons), Myanmar (X tons), China (X tons) and the Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper label importing markets in Asia were Vietnam ($X), Hong Kong SAR ($X) and Cambodia ($X), with a combined 40% share of total imports. Indonesia, Bangladesh, China, India, Thailand, Malaysia, Japan, the Philippines, Myanmar and Saudi Arabia lagged somewhat behind, together comprising a further 42%.

Myanmar, with a CAGR of +20.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, waning by -7.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 6.9% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a 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 China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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