Asia: Paper Moulding Machine Market 2024

Paper Moulding Machine Market Size in Asia

In 2022, the Asian paper moulding machine market decreased by -13.8% to $X, falling for the sixth year in a row after five years of growth. Overall, consumption saw a perceptible shrinkage. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Paper Moulding Machine Production in Asia

In value terms, paper moulding machine production stood at $X in 2022 estimated in export price. In general, production, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 4.5%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Paper Moulding Machine Exports

Exports in Asia

In 2022, approx. X units of machines for moulding articles in paper pulp, paper or paperboard were exported in Asia; with an increase of 61% compared with the previous year. Over the period under review, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper moulding machine exports rose rapidly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.8% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 40% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was near 95% of total exports in 2022. Taiwan (Chinese) (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the machines for moulding articles in paper pulp, paper or paperboard exports, with a CAGR of +22.6% from 2012 to 2022. At the same time, Taiwan (Chinese) (+4.6%) displayed positive paces of growth. While the share of China (+26 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-4.8 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest paper moulding machine supplier in Asia, comprising 88% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 5.1% share of total exports.

In China, paper moulding machine exports expanded at an average annual rate of +8.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, shrinking by -33.4% against the previous year. Over the period under review, the export price saw a deep reduction. The growth pace was the most rapid in 2015 an increase of 5.9%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%).

Paper Moulding Machine Imports

Imports in Asia

In 2022, paper moulding machine imports in Asia soared to X units, with an increase of 35% compared with the year before. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 104% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paper moulding machine imports surged to $X in 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 47%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Indonesia (X units), distantly followed by India (X units), Thailand (X units), Turkey (X units), Malaysia (X units) and Vietnam (X units) were the key importers of machines for moulding articles in paper pulp, paper or paperboard, together achieving 78% of total imports. The following importers - China (X units), the United Arab Emirates (X units), South Korea (X units), Iraq (X units) and Uzbekistan (X units) - each reached an 11% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +52.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported machines for moulding articles in paper pulp, paper or paperboard in Asia, comprising 42% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Turkey, with a 6.1% share.

In Indonesia, paper moulding machine imports expanded at an average annual rate of +15.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+20.6% per year) and Turkey (+5.2% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2020 an increase of 37%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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