Asia: Paper Making Machinery Market 2024

Paper Making Machinery Market Size in Asia

In 2021, the Asian paper making machinery market decreased by -1.1% to $X, falling for the third year in a row after four years of growth. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Paper Making Machinery Production in Asia

In value terms, paper making machinery production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Paper Making Machinery Exports

Exports in Asia

In 2021, shipments abroad of machinery for making up paper pulp, paper or paperboard increased by 45% to X units, rising for the fourth consecutive year after three years of decline. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, paper making machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X units, which was approx. 82% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), comprising an 8.9% share of total exports. Japan (X units) and Turkey (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machinery for making up paper pulp, paper or paperboard exports, with a CAGR of +19.1% from 2012 to 2021. At the same time, Turkey (+11.9%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-6.3%) and Japan (-7.7%) illustrated a downward trend over the same period. China (+45 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by -12.9% and -25.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper making machinery supplier in Asia, comprising 73% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by Japan, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +9.0%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-5.8% per year) and Japan (-9.7% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, falling by -1.8% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 6.3% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices failed to regain momentum.

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 Japan ($X per unit), while Turkey ($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) (+0.5%), while the other leaders experienced a decline in the export price figures.

Paper Making Machinery Imports

Imports in Asia

In 2021, supplies from abroad of machinery for making up paper pulp, paper or paperboard was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 21% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, paper making machinery imports soared to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X units), distantly followed by India (X units), Turkey (X units), China (X units), South Korea (X units), Indonesia (X units), Japan (X units) and the United Arab Emirates (X units) represented the largest importers of machinery for making up paper pulp, paper or paperboard, together committing 72% of total imports. Thailand (X units), Bangladesh (X units), Malaysia (X units), Israel (X units) and Cambodia (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper making machinery importing markets in Asia were India ($X), Vietnam ($X) and Turkey ($X), together comprising 41% of total imports. These countries were followed by China, South Korea, Indonesia, Japan, the United Arab Emirates, Malaysia, Thailand, Israel, Bangladesh and Cambodia, which together accounted for a further 47%.

In terms of the main importing countries, Cambodia, with a CAGR of +35.3%, 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

The import price in Asia stood at $X per unit in 2021, picking up by 12% against the previous year. In general, the import price, however, saw a mild slump. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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