Asia: Office Supply Market 2024

Office Supply Market Size in Asia

The Asian office supply market reduced to $X in 2022, shrinking by -6% against the previous year. In general, consumption showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 1.3% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Office Supply Production in Asia

In value terms, office supply production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 6%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Office Supply Exports

Exports in Asia

In 2022, overseas shipments of office or school supplies of plastics increased by 12% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, office supply exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 82% of total exports in 2022. It was distantly followed by Vietnam (X tons), creating a 7.2% share of total exports. Taiwan (Chinese) (X tons) and Turkey (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of office or school supplies of plastics. At the same time, Vietnam (+4.9%) and Taiwan (Chinese) (+2.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +4.9% from 2012-2022. By contrast, Turkey (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest office supply supplier in Asia, comprising 85% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4.4% share of total exports. It was followed by Taiwan (Chinese), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +4.2%. In the other countries, the average annual rates were as follows: Vietnam (+5.0% per year) and Taiwan (Chinese) (+1.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2016 an increase of 29%. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Office Supply Imports

Imports in Asia

In 2022, supplies from abroad of office or school supplies of plastics was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 6.2% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, office supply imports shrank modestly to $X in 2022. In general, imports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2014 with an increase of 7.1% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) represented the major importer of office or school supplies of plastics, committing 44% of total imports. The Philippines (X tons) held a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by India (4.6%). The following importers - Indonesia (X tons), Thailand (X tons), Singapore (X tons), South Korea (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Iraq (X tons) and Qatar (X tons) - together made up 25% of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of office or school supplies of plastics. At the same time, Malaysia (+11.6%), Thailand (+6.9%), Indonesia (+6.3%), South Korea (+5.0%), the Philippines (+3.8%), Taiwan (Chinese) (+2.0%), Iraq (+1.7%) and India (+1.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +11.6% from 2012-2022. By contrast, Qatar (-4.0%), Singapore (-6.0%), the United Arab Emirates (-7.5%) and Hong Kong SAR (-14.8%) illustrated a downward trend over the same period. While the share of Japan (+5.7 p.p.), the Philippines (+3.7 p.p.), Indonesia (+2.4 p.p.), Thailand (+2.3 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-1.7 p.p.), the United Arab Emirates (-2.4 p.p.) and Hong Kong SAR (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported office or school supplies of plastics in Asia, comprising 45% of total imports. The second position in the ranking was held by Indonesia ($X), with a 4.8% share of total imports. It was followed by Singapore, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at -1.1%. In the other countries, the average annual rates were as follows: Indonesia (+11.9% per year) and Singapore (-5.1% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, falling by -5.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 6.1%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Hong Kong SAR ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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