Asia: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in Asia

The Asian paper bag machine market surged to $X in 2022, with an increase of 447% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Paper Bag Machine Production in Asia

In value terms, paper bag machine production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a slight decrease. The growth pace was the most rapid in 2014 with an increase of 8.1% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Paper Bag Machine Exports

Exports in Asia

In 2022, approx. X units of machines for making bags, sacks or envelopes of paper or paperboard were exported in Asia; with an increase of 35% on the year before. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2019 when exports increased by 73% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, paper bag machine exports amounted to $X in 2022. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, recording X units, which was near 85% of total exports in 2022. It was distantly followed by Japan (X units), mixing up a 7.5% share of total exports. Turkey (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard exports, with a CAGR of +22.7% from 2012 to 2022. At the same time, Turkey (+1.6%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +39 percentage points.

In value terms, China ($X) remains the largest paper bag machine supplier in Asia, comprising 76% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports.

In China, paper bag machine exports increased at an average annual rate of +16.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-1.4% per year) and Turkey (+4.8% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, shrinking by -25% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when the export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.2%), while the other leaders experienced a decline in the export price figures.

Paper Bag Machine Imports

Imports in Asia

In 2022, the amount of machines for making bags, sacks or envelopes of paper or paperboard imported in Asia soared to X units, increasing by 777% on the year before. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper bag machine imports totaled $X in 2022. Overall, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Thailand prevails in imports structure, accounting for X units, which was near 84% of total imports in 2022. It was distantly followed by Pakistan (X units), achieving a 5.3% share of total imports. China (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to paper bag machine imports into Thailand stood at +71.5%. At the same time, Pakistan (+81.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +81.3% from 2012-2022. China experienced a relatively flat trend pattern. While the share of Thailand (+79 p.p.) and Pakistan (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-27.8 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported machines for making bags, sacks or envelopes of paper or paperboard in Asia, comprising 23% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 5.9% share of total imports.

In China, paper bag machine imports expanded at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+51.8% per year) and Thailand (-2.4% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, reducing by -88.6% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2020 when the import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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