China: Filter Paper Market 2024

Filter Paper Market Size in China

In 2021, after three years of growth, there was decline in the Chinese filter paper market, when its value decreased by -0.9% to $X. The market value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Filter Paper Production in China

In value terms, filter paper production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 35%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Filter Paper Exports

Exports from China

In 2021, approx. X tons of filter paper and paperboard cut to shape were exported from China; approximately reflecting the previous year's figure. Over the period under review, exports, however, saw a slight downturn. The pace of growth appeared the most rapid in 2017 with an increase of 44%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, filter paper exports expanded rapidly to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 22%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of filter paper exports from China, with a combined 24% share of total exports. India, Malaysia, Iran, Russia, South Korea, Cambodia, Sri Lanka, the Philippines, Thailand and Turkey lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Indonesia ($X) were the largest markets for filter paper exported from China worldwide, together comprising 28% of total exports. These countries were followed by India, Sri Lanka, Russia, Malaysia, South Korea, Iran, the Philippines, Thailand, Turkey and Cambodia, which together accounted for a further 33%.

Cambodia, with a CAGR of +27.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 filter paper export price amounted to $X per ton, picking up by 4.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cambodia ($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 United States (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Filter Paper Imports

Imports into China

In 2021, purchases abroad of filter paper and paperboard cut to shape was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 27%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, filter paper imports soared to $X in 2021. Over the period under review, imports, however, saw a slight reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 39%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of filter paper to China, accounting for a 46% share of total imports. Moreover, filter paper imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.1% per year) and the United States (-3.0% per year).

In value terms, Germany ($X), Japan ($X) and the United States ($X) were the largest filter paper suppliers to China, with a combined 57% share of total imports. South Korea, Australia, Italy and Canada lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Canada, with a CAGR of +10.3%, recorded the highest rates of growth with regard to 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

The average filter paper import price stood at $X per ton in 2021, with a decrease of -2.7% against the previous year. In general, the import price showed a slight descent. The pace of growth was the most pronounced in 2017 an increase of 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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