Asia-Pacific: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Asia-Pacific

After five years of growth, the Asia-Pacific paper sack and bag market decreased by -1% to $X in 2021. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 5.3% against the previous year. Over the period under review, the market reached the peak level at $X in 2020, and then declined modestly in the following year.

Production of Paper Sacks And Bags in Asia-Pacific

In value terms, paper sack and bag production totaled $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 7% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Paper Sacks And Bags

Exports in Asia-Pacific

In 2021, exports of paper sacks and bags in Asia-Pacific soared to X tons, increasing by 34% on the year before. The total export volume increased at an average annual rate of +5.1% over the period 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.

In value terms, paper sack and bag exports soared to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 67% of total exports in 2021. Vietnam (X tons) ranks second in terms of the total exports with a 7.7% share, followed by India (5.3%). Malaysia (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Thailand (X tons) and Australia (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to paper sack and bag exports from China stood at +4.2%. At the same time, India (+39.0%), Thailand (+19.0%), Vietnam (+14.8%), Australia (+12.6%), Taiwan (Chinese) (+10.3%) and Malaysia (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +39.0% from 2012-2021. Indonesia experienced a relatively flat trend pattern. India (+4.8 p.p.) and Vietnam (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Indonesia and China saw its share reduced by -1.5%, -1.9% and -4.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper sack and bag supplier in Asia-Pacific, comprising 75% of total exports. The second position in the ranking was held by Vietnam ($X), with a 6.8% share of total exports. It was followed by Indonesia, with a 3.2% share.

In China, paper sack and bag exports expanded at an average annual rate of +6.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+20.6% per year) and Indonesia (+0.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, standing approx. at the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 12% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports in Asia-Pacific

In 2021, the amount of paper sacks and bags imported in Asia-Pacific rose significantly to X tons, growing by 15% against 2020. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded 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, Australia (X tons), followed by Japan (X tons), Hong Kong SAR (X tons), New Zealand (X tons), Indonesia (X tons), Singapore (X tons), Malaysia (X tons), South Korea (X tons) and Thailand (X tons) represented the largest importers of paper sacks and bags, together making up 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by New Zealand (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper sack and bag importing markets in Asia-Pacific were Japan ($X), Australia ($X) and Hong Kong SAR ($X), together accounting for 49% of total imports. These countries were followed by New Zealand, South Korea, Singapore, Indonesia, Malaysia and Thailand, which together accounted for a further 36%.

Among the main importing countries, Indonesia, with a CAGR of +15.4%, 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, growing by 5.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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