Asia-Pacific: Corrugated Paper Box Market 2025

Corrugated Paper Box Market Size in Asia-Pacific

The Asia-Pacific corrugated paper box market was estimated at $X in 2022, approximately equating the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.3% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Corrugated Paper Box Production in Asia-Pacific

In value terms, corrugated paper box production rose to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Corrugated Paper Box Exports

Exports in Asia-Pacific

Corrugated paper box exports shrank to X tons in 2022, reducing by -4.1% on 2021. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 12%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, corrugated paper box exports amounted to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 23%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 64% of total exports in 2022. Vietnam (X tons) held the second position in the ranking, followed by Malaysia (X tons) and India (X tons). All these countries together took near 18% share of total exports. Australia (X tons), South Korea (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to corrugated paper box exports from China stood at +3.7%. At the same time, Vietnam (+20.9%), Australia (+13.1%), South Korea (+6.5%), India (+4.6%) and Malaysia (+4.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +20.9% from 2012-2022. Singapore experienced a relatively flat trend pattern. While the share of Vietnam (+6.7 p.p.) and Australia (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest corrugated paper box supplier in Asia-Pacific, comprising 80% of total exports. The second position in the ranking was held by Vietnam ($X), with a 4.5% share of total exports. It was followed by Malaysia, with a 3% share.

In China, corrugated paper box exports expanded at an average annual rate of +10.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+18.3% per year) and Malaysia (+3.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by 6.3% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, corrugated paper box export price increased by +71.3% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 15%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Australia ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports in Asia-Pacific

In 2022, approx. X tons of cartons, boxes and cases of corrugated paper or paperboard were imported in Asia-Pacific; reducing by -4.3% against the year before. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 11%. The volume of import peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, corrugated paper box imports dropped to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.4% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, Hong Kong SAR (X tons), distantly followed by Vietnam (X tons), Indonesia (X tons), Singapore (X tons), Cambodia (X tons), Thailand (X tons), Australia (X tons), Lao People's Democratic Republic (X tons), Malaysia (X tons) and the Philippines (X tons) represented the major importers of cartons, boxes and cases of corrugated paper or paperboard, together generating 78% of total imports. The following importers - Taiwan (Chinese) (X tons), India (X tons) and Japan (X tons) - together made up 8.6% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 29% of total imports. Thailand, Australia, Singapore, the Philippines, Malaysia, Cambodia, Taiwan (Chinese), Japan, India and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 56%.

In terms of the main importing countries, the Philippines, with a CAGR of +24.2%, recorded the highest growth rate of 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-Pacific stood at $X per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2021 when the import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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