Asia-Pacific: Sack Kraft Paper Market 2025

Sack Kraft Paper Market Size in Asia-Pacific

The Asia-Pacific sack kraft paper market rose markedly to $X in 2022, growing by 5% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -0.9% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sack Kraft Paper Production in Asia-Pacific

In value terms, sack kraft paper production stood at $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 -1.3% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 27%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Sack Kraft Paper Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in shipments abroad of sack kraft paper, which increased by 0.6% to X tons in 2022. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.7% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 42% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, sack kraft paper exports skyrocketed to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 43%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Japan (X tons), South Korea (X tons) and Australia (X tons), together finishing at 79% of total export. China (X tons) ranks next in terms of the total exports with a 9.4% share, followed by Thailand (6.5%). The following exporters - Vietnam (X tons) and India (X tons) - each reached a 3.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 75% share of total exports. South Korea, Thailand, India and Vietnam lagged somewhat behind, together comprising a further 23%.

Vietnam, with a CAGR of +32.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue 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 (+10.9%), while the other leaders experienced more modest paces of growth.

Sack Kraft Paper Imports

Imports in Asia-Pacific

Sack kraft paper imports expanded to X tons in 2022, rising by 2.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 15%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sack kraft paper imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 20%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China represented the major importing country with an import of about X tons, which resulted at 33% of total imports. Indonesia (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (9.6%), Malaysia (9.4%), Thailand (8.5%) and Pakistan (6.4%). Vietnam (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the sack kraft paper imports, with a CAGR of +6.7% from 2012 to 2022. At the same time, Thailand (+3.3%), South Korea (+2.7%) and Vietnam (+1.0%) displayed positive paces of growth. Pakistan and Indonesia experienced a relatively flat trend pattern. By contrast, Malaysia (-2.0%) and Taiwan (Chinese) (-2.3%) illustrated a downward trend over the same period. China (+12 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Indonesia and Malaysia saw its share reduced by -1.7%, -3.8% and -4.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sack kraft paper in Asia-Pacific, comprising 30% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-0.9% per year) and South Korea (+4.9% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Thailand ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform