Asia: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Asia

For the fifth consecutive year, the Asian finishing paper machinery market recorded decline in sales value, which decreased by -14.8% to $X in 2021. In general, consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when the market value increased by 6.6% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Finishing Paper Machinery Production in Asia

In value terms, finishing paper machinery production fell modestly to $X in 2021 estimated in export price. In general, production saw a slight descent. The pace of growth was the most pronounced in 2013 with an increase of 4%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Finishing Paper Machinery Exports

Exports in Asia

In 2021, approx. X units of machinery for finishing paper or paperboard were exported in Asia; picking up by 45% compared with 2020. Overall, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, finishing paper machinery exports surged to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X units, which was near 83% of total exports in 2021. Taiwan (Chinese) (X units) took a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Japan (5.4%).

China was also the fastest-growing in terms of the machinery for finishing paper or paperboard exports, with a CAGR of +27.4% from 2012 to 2021. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (-10.0%) illustrated a downward trend over the same period. China (+62 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by -7.2% and -47.1% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest finishing paper machinery supplier in Asia, comprising 74% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +11.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-6.5% per year) and Japan (+3.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, falling by -16.5% against the previous year. Overall, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Finishing Paper Machinery Imports

Imports in Asia

After two years of decline, supplies from abroad of machinery for finishing paper or paperboard increased by 46% to X units in 2021. Overall, imports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2016 when imports increased by 59% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, finishing paper machinery imports soared to $X in 2021. In general, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of 36%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

India (X units), Iran (X units), the United Arab Emirates (X units), Turkey (X units), China (X units), Vietnam (X units), South Korea (X units), Malaysia (X units), Taiwan (Chinese) (X units), Thailand (X units), Indonesia (X units) and Singapore (X units) represented roughly 88% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iran (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together accounting for 43% of total imports. These countries were followed by Turkey, South Korea, Singapore, Malaysia, Iran, Taiwan (Chinese), Indonesia, the United Arab Emirates and Thailand, which together accounted for a further 43%.

Among the main importing countries, South Korea, with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, dropping by -9.9% against the previous year. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 10%. Over the period under review, import prices attained the peak figure at $X per unit 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 ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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