Asia-Pacific: Office Supply Market 2024

Office Supply Market Size in Asia-Pacific

The Asia-Pacific office supply market shrank to $X in 2022, waning by -7.1% against the previous year. Overall, consumption continues to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 2.8% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Office Supply Production in Asia-Pacific

In value terms, office supply production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 3.6%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Office Supply Exports

Exports in Asia-Pacific

In 2022, shipments abroad of office or school supplies of plastics increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, office supply exports soared to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 84% of total exports in 2022. It was distantly followed by Vietnam (X tons), constituting a 7.4% share of total exports. Taiwan (Chinese) (X tons) held a little share of total exports.

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-Pacific, with a CAGR of +4.9% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by +3.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest office supply supplier in Asia-Pacific, comprising 87% of total exports. The second position in the ranking was held by Vietnam ($X), with a 4.4% share of total exports.

In China, office supply exports increased at an average annual rate of +4.2% over the period from 2012-2022. 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-Pacific amounted to $X per ton, with an increase of 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2016 when the export price increased by 32%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($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-Pacific

In 2022, purchases abroad of office or school supplies of plastics increased by 6.4% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, office supply imports reduced slightly to $X in 2022. Overall, imports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 6.7%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Japan was the key importing country with an import of around X tons, which amounted to 49% of total imports. It was distantly followed by the Philippines (X tons), Australia (X tons), India (X tons), Indonesia (X tons) and Thailand (X tons), together mixing up a 31% share of total imports. Singapore (X tons), South Korea (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) took a minor share 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%) and India (+1.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +11.6% from 2012-2022. By contrast, Singapore (-6.0%), Australia (-8.5%) and Hong Kong SAR (-14.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Japan, Indonesia, Thailand and Malaysia increased by +3.6, +2.6, +2.4, +2.4 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported office or school supplies of plastics in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was taken by Australia ($X), with an 8.8% share of total imports. It was followed by Indonesia, with a 5.3% share.

In Japan, office supply imports contracted by an average annual rate of -1.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (-2.2% per year) and Indonesia (+11.9% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, falling by -6.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 8.4%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :