Asia: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Asia

The Asian paper sack and bag market reached $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 6.6%. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Paper Sacks And Bags in Asia

In value terms, paper sack and bag production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Paper Sacks And Bags

Exports in Asia

Paper sack and bag exports soared to X tons in 2021, picking up by 31% compared with the previous year. The total export volume increased at an average annual rate of +4.4% 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 skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. 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, accounting for X tons, which was approx. 58% of total exports in 2021. Turkey (X tons) ranks second in terms of the total exports with a 10% share, followed by Vietnam (6.7%) and India (4.6%). The following exporters - Malaysia (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), Oman (X tons) and the United Arab Emirates (X tons) - together made up 14% 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%), Taiwan (Chinese) (+10.3%), Turkey (+6.1%), Oman (+2.1%) and Malaysia (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +39.0% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-2.6%) illustrated a downward trend over the same period. While the share of India (+4.2 p.p.) and Vietnam (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper sack and bag supplier in Asia, comprising 68% of total exports. The second position in the ranking was held by Turkey ($X), with a 6.5% share of total exports. It was followed by Vietnam, with a 6.3% share.

In China, paper sack and bag exports increased 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: Turkey (+8.9% per year) and Vietnam (+20.6% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 an increase of 8.6% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Oman ($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

In 2021, approx. X tons of paper sacks and bags were imported in Asia; growing by 13% compared with the year before. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), Hong Kong SAR (X tons), Saudi Arabia (X tons), Indonesia (X tons), Singapore (X tons), the United Arab Emirates (X tons), Israel (X tons), Malaysia (X tons), South Korea (X tons), Kazakhstan (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) represented roughly 72% of total imports in 2021. Iraq (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper sack and bag importing markets in Asia were Japan ($X), Hong Kong SAR ($X) and the United Arab Emirates ($X), together comprising 34% of total imports. These countries were followed by South Korea, Israel, Saudi Arabia, Singapore, Indonesia, Malaysia, Thailand, Taiwan (Chinese), Kazakhstan and Iraq, which together accounted for a further 44%.

Among the main importing countries, Israel, with a CAGR of +16.5%, 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 amounted to $X per ton, with an increase of 7.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 an increase of 9.4% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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