Asia: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Asia

The Asian paper and paperboard market stood at $X in 2022, surging by 2.6% against the previous year. Over the period under review, consumption continues to indicate strong growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paper And Paperboard Production in Asia

In value terms, paper and paperboard production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 84%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Paper And Paperboard Exports

Exports in Asia

After two years of growth, overseas shipments of paper and paperboard (creped, crinkled, embossed or perforated) decreased by -5.3% to X tons in 2022. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, paper and paperboard exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

Saudi Arabia represented the major exporting country with an export of around X tons, which accounted for 42% of total exports. It was distantly followed by China (X tons), Kuwait (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together constituting a 46% share of total exports. The following exporters - India (X tons) and Malaysia (X tons) - each reached a 4.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +75.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 74% of total exports. South Korea, Kuwait, Malaysia and India lagged somewhat behind, together accounting for a further 16%.

In terms of the main exporting countries, Kuwait, with a CAGR of +55.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 20%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.1%), while the other leaders experienced more modest paces of growth.

Paper And Paperboard Imports

Imports in Asia

In 2022, supplies from abroad of paper and paperboard (creped, crinkled, embossed or perforated) decreased by -33.2% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of 16%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, paper and paperboard imports declined to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 16%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of paper and paperboard (creped, crinkled, embossed or perforated), namely Saudi Arabia, Singapore, China and Myanmar, represented more than half of total import. India (X tons) ranks next in terms of the total imports with a 6.8% share, followed by Turkey (5.7%). The following importers - Vietnam (X tons), Malaysia (X tons), the United Arab Emirates (X tons), South Korea (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper and paperboard importing markets in Asia were China ($X), Singapore ($X) and Saudi Arabia ($X), together comprising 43% of total imports. Turkey, India, Malaysia, South Korea, Vietnam, the United Arab Emirates, Myanmar, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 43%.

In terms of the main importing countries, Vietnam, with a CAGR of +14.7%, recorded 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 2022, the import price in Asia amounted to $X per ton, increasing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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