Asia-Pacific: Uncoated Kraft Liner Market 2024

Uncoated Kraft Liner Market Size in Asia-Pacific

After four years of growth, the Asia-Pacific uncoated kraft liner market decreased by -3.5% to $X in 2021. Overall, consumption, however, recorded a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Uncoated Kraft Liner Production in Asia-Pacific

In value terms, uncoated kraft liner production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 34%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Uncoated Kraft Liner Exports

Exports in Asia-Pacific

In 2021, overseas shipments of uncoated kraft liner increased by 11% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, uncoated kraft liner exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand was the key exporting country with an export of around X tons, which accounted for 39% of total exports. It was distantly followed by Japan (X tons), Australia (X tons), Taiwan (Chinese) (X tons) and India (X tons), together generating a 44% share of total exports. The following exporters - South Korea (X tons) and Vietnam (X tons) - each amounted to a 7.5% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of uncoated kraft liner. At the same time, Japan (+30.2%), Vietnam (+24.9%) and India (+23.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +30.2% from 2012-2021. By contrast, South Korea (-5.5%), Australia (-5.6%) and Taiwan (Chinese) (-12.8%) illustrated a downward trend over the same period. While the share of Japan (+15 p.p.), India (+6.1 p.p.), New Zealand (+3.7 p.p.) and Vietnam (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-2.4 p.p.), Australia (-7.8 p.p.) and Taiwan (Chinese) (-17.1 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest uncoated kraft liner supplier in Asia-Pacific, comprising 37% of total exports. The second position in the ranking was held by Australia ($X), with a 13% share of total exports. It was followed by Japan, with a 12% share.

In New Zealand, uncoated kraft liner exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-1.6% per year) and Japan (+28.1% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while Japan ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Uncoated Kraft Liner Imports

Imports in Asia-Pacific

Uncoated kraft liner imports shrank notably to X tons in 2021, reducing by -15.9% compared with the previous year. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, uncoated kraft liner imports reached $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.2% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 29%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China was the key importing country with an import of about X tons, which finished at 42% of total imports. The Philippines (X tons) ranks second in terms of the total imports with an 11% share, followed by Bangladesh (6.2%), Malaysia (6.2%) and South Korea (5.3%). India (X tons), Vietnam (X tons), New Zealand (X tons), Australia (X tons), Taiwan (Chinese) (X tons), Sri Lanka (X tons), Cambodia (X tons) and Singapore (X tons) took a minor share of total imports.

Imports into China increased at an average annual rate of +4.5% from 2012 to 2021. At the same time, Vietnam (+16.3%), Cambodia (+10.8%), Sri Lanka (+7.5%), Bangladesh (+4.4%), India (+4.1%), Singapore (+2.3%), Malaysia (+1.9%), Taiwan (Chinese) (+1.6%) and New Zealand (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +16.3% from 2012-2021. The Philippines experienced a relatively flat trend pattern. By contrast, South Korea (-1.0%) and Australia (-3.1%) illustrated a downward trend over the same period. China (+6.4 p.p.) and Vietnam (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Australia and the Philippines saw its share reduced by -2.1%, -2.1% and -2.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported uncoated kraft liner in Asia-Pacific, comprising 41% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 12% share of total imports. It was followed by Bangladesh, with a 6.2% share.

In China, uncoated kraft liner imports increased at an average annual rate of +4.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+1.8% per year) and Bangladesh (+5.4% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 22% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Zealand ($X per ton) and the Philippines ($X per ton), while Malaysia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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