Asia: Sack Kraft Paper Market 2025

Sack Kraft Paper Market Size in Asia

The Asian sack kraft paper market rose sharply to $X in 2022, picking up by 5.3% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.3% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Sack Kraft Paper Production in Asia

In value terms, sack kraft paper production totaled $X in 2022 estimated in export price. The total production indicated a resilient increase 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 -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Sack Kraft Paper Exports

Exports in Asia

For the third year in a row, Asia recorded growth in overseas shipments of sack kraft paper, which increased by 0.7% to X tons in 2022. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +51.3% against 2016 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sack kraft paper exports soared to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +69.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) and South Korea (X tons) represented the largest exporters of sack kraft paper in 2022, recording approx. 38% and 30% of total exports, respectively. It was distantly followed by China (X tons), Thailand (X tons) and Turkey (X tons), together generating a 24% share of total exports. The following exporters - Vietnam (X tons) and India (X tons) - each reached a 4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +44.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sack kraft paper supplying countries in Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 81% share of total exports. Turkey, Thailand, India and Vietnam lagged somewhat behind, together accounting for a further 16%.

Vietnam, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Asia amounted to $X per ton, picking up by 32% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. 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 2022, 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

In 2022, imports of sack kraft paper in Asia amounted to X tons, approximately mirroring 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sack kraft paper imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), distantly followed by Turkey (X tons), Indonesia (X tons), South Korea (X tons), Malaysia (X tons), Thailand (X tons) and Pakistan (X tons) represented the key importers of sack kraft paper, together constituting 71% of total imports. The following importers - Iraq (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons), India (X tons) and Saudi Arabia (X tons) - together made up 17% of total imports.

Imports into China increased at an average annual rate of +6.7% from 2012 to 2022. At the same time, Iraq (+20.0%), Turkey (+5.6%), Thailand (+3.3%), India (+2.8%), South Korea (+2.7%) and Vietnam (+1.0%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.0% from 2012-2022. Pakistan, the United Arab Emirates and Indonesia experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-2.0%), Malaysia (-2.0%) and Taiwan (Chinese) (-2.3%) illustrated a downward trend over the same period. While the share of China (+9.1 p.p.), Turkey (+3.2 p.p.) and Iraq (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-2.8 p.p.) and Malaysia (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sack kraft paper importing markets in Asia were China ($X), Turkey ($X) and Indonesia ($X), together comprising 46% of total imports. South Korea, Thailand, Malaysia, Pakistan, Iraq, India, Vietnam, the United Arab Emirates, Saudi Arabia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 41%.

Iraq, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 12% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 20% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: 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 India (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform