Asia-Pacific: Folding Boxboard Market 2025

Folding Boxboard Market Size in Asia-Pacific

In 2021, after two years of growth, there was decline in the Asia-Pacific folding boxboard market, when its value decreased by -0.5% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 4.1% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Folding Boxboard Production in Asia-Pacific

In value terms, folding boxboard production shrank slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 6.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Folding Boxboard Exports

Exports in Asia-Pacific

In 2021, folding boxboard exports in Asia-Pacific stood at X tons, increasing by 10% against the year before. The total export volume increased at an average annual rate of +6.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 20% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, folding boxboard exports surged to $X in 2021. The total export value increased at an average annual rate of +4.8% 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 was the key exporting country with an export of about X tons, which recorded 42% of total exports. India (X tons) held the second position in the ranking, followed by South Korea (X tons), New Zealand (X tons) and Australia (X tons). All these countries together took approx. 38% share of total exports. Japan (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Singapore (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to folding boxboard exports from China stood at +7.2%. At the same time, India (+36.9%), Thailand (+9.2%), South Korea (+8.7%), New Zealand (+6.6%), Indonesia (+6.4%), Japan (+1.8%), Australia (+1.7%) and Singapore (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +36.9% from 2012-2021. By contrast, Taiwan (Chinese) (-8.3%) illustrated a downward trend over the same period. India (+14 p.p.), China (+2.1 p.p.) and South Korea (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Japan, Australia and Taiwan (Chinese) saw its share reduced by -1.9%, -2.2%, -2.4% and -11.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest folding boxboard supplier in Asia-Pacific, comprising 44% of total exports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total exports. It was followed by India, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+9.2% per year) and India (+32.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, rising by 6.5% against the previous year. In general, the export price, however, saw a slight reduction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the other leaders experienced more modest paces of growth.

Folding Boxboard Imports

Imports in Asia-Pacific

In 2021, the amount of folding boxboard imported in Asia-Pacific rose notably to X tons, surging by 8.8% against the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 11%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, folding boxboard imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by Vietnam (X tons), Japan (X tons), Malaysia (X tons), Thailand (X tons), South Korea (X tons), Bangladesh (X tons), Taiwan (Chinese) (X tons) and India (X tons) were the major importers of folding boxboard, together mixing up 77% of total imports. Australia (X tons), the Philippines (X tons), Indonesia (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest folding boxboard importing markets in Asia-Pacific were China ($X), Vietnam ($X) and Japan ($X), with a combined 42% share of total imports. Thailand, South Korea, Malaysia, Australia, Taiwan (Chinese), Indonesia, India, the Philippines, Bangladesh and Singapore lagged somewhat behind, together accounting for a further 50%.

In terms of the main importing countries, Singapore, with a CAGR of +11.3%, saw 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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