Australia: Wrapping Papers Market 2024

Wrapping Papers Market Size in Australia

In 2021, the Australian wrapping papers market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wrapping Papers Production in Australia

In value terms, wrapping papers production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Wrapping Papers Exports

Exports from Australia

In 2021, wrapping papers exports from Australia shrank slightly to X tons, declining by -2.1% against 2020 figures. Over the period under review, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 8.1% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wrapping papers exports totaled $X in 2021. Overall, exports saw a perceptible descent. The growth pace was the most rapid in 2018 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), New Zealand (X tons) and South Africa (X tons) were the main destinations of wrapping papers exports from Australia, together accounting for 44% of total exports. These countries were followed by Pakistan, Malaysia, the United Arab Emirates, Fiji, Saudi Arabia, South Korea, Namibia, Chile, India and the Philippines, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +58.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wrapping papers exported from Australia were New Zealand ($X), China ($X) and Pakistan ($X), with a combined 45% share of total exports. These countries were followed by Malaysia, the United Arab Emirates, South Africa, Saudi Arabia, South Korea, Fiji, Chile, Namibia, the Philippines and India, which together accounted for a further 36%.

Among the main countries of destination, Fiji, with a CAGR of +48.8%, recorded 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 2021, the average wrapping papers export price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into Australia

Wrapping papers imports into Australia reduced to X tons in 2021, dropping by -10.7% on 2020 figures. In general, imports recorded a pronounced descent. The growth pace was the most rapid in 2013 when imports increased by 10% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, wrapping papers imports dropped modestly to $X in 2021. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 13%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Germany (X tons) and China (X tons) were the main suppliers of wrapping papers imports to Australia, together accounting for 52% of total imports. The Czech Republic, Sweden, Indonesia, Japan, France, Belgium, the Netherlands, Taiwan (Chinese), Austria and Chile lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and South Korea ($X) were the largest wrapping papers suppliers to Australia, together accounting for 37% of total imports. These countries were followed by the Czech Republic, France, Belgium, the Netherlands, Sweden, Indonesia, Japan, Taiwan (Chinese), Austria and Chile, which together accounted for a further 45%.

Belgium, with a CAGR of +35.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wrapping papers import price amounted to $X per ton, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 an increase of 19%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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