Asia: Paper File Cover Market 2024

Paper File Cover Market Size in Asia

In 2022, the Asian paper file cover market decreased by -1.3% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Paper File Cover Production in Asia

In value terms, paper file cover production dropped to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Paper File Cover Exports

Exports in Asia

In 2022, overseas shipments of paper binders, folders and file covers increased by 6.2% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper file cover exports rose slightly to $X in 2022. Over the period under review, exports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 26%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporter of paper binders, folders and file covers in Asia, with the volume of exports accounting for X tons, which was near 57% of total exports in 2022. Vietnam (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (11%) and India (7.3%). Turkey (X tons), Indonesia (X tons) and Thailand (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to paper file cover exports from China stood at -5.2%. At the same time, India (+24.3%) and Turkey (+9.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +24.3% from 2012-2022. Thailand and Vietnam experienced a relatively flat trend pattern. By contrast, Indonesia (-1.6%) and Malaysia (-7.8%) illustrated a downward trend over the same period. While the share of India (+6.7 p.p.), Vietnam (+3.6 p.p.) and Turkey (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-5.5 p.p.) and China (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper file cover supplier in Asia, comprising 60% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total exports. It was followed by Malaysia, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -3.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-1.7% per year) and Malaysia (-10.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by -4.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 16%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Paper File Cover Imports

Imports in Asia

In 2022, supplies from abroad of paper binders, folders and file covers was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, saw a perceptible reduction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, paper file cover imports totaled $X in 2022. In general, imports, however, showed a abrupt decline. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the largest importer of paper binders, folders and file covers in Asia, with the volume of imports accounting for X tons, which was near 41% of total imports in 2022. The United Arab Emirates (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons). All these countries together held near 19% share of total imports. Israel (X tons), Iraq (X tons), Kazakhstan (X tons), Malaysia (X tons), Singapore (X tons), Hong Kong SAR (X tons), Qatar (X tons), Yemen (X tons), Kuwait (X tons) and Pakistan (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to paper file cover imports into Japan stood at -4.8%. At the same time, Pakistan (+20.4%), Israel (+19.0%), Malaysia (+3.3%), Qatar (+2.1%) and Yemen (+1.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.4% from 2012-2022. Iraq experienced a relatively flat trend pattern. By contrast, Kuwait (-3.6%), Kazakhstan (-5.3%), the United Arab Emirates (-5.6%), Saudi Arabia (-7.2%), Singapore (-9.7%) and Hong Kong SAR (-11.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel and Malaysia increased by +3.3 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported paper binders, folders and file covers in Asia, comprising 50% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.5% share of total imports. It was followed by Saudi Arabia, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at -5.3%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-6.0% per year) and Saudi Arabia (-6.8% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 5.8% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :