China: Folding Boxboard Market 2024

Folding Boxboard Market Size in China

In 2021, after two years of growth, there was decline in the Chinese folding boxboard market, when its value decreased by -4.3% to $X. In general, consumption showed a relatively flat trend pattern. Folding boxboard consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Folding Boxboard Production in China

In value terms, folding boxboard production declined to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Folding Boxboard Exports

Exports from China

In 2021, the amount of folding boxboard exported from China reduced to X tons, which is down by -8.5% compared with the previous year's figure. Overall, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, folding boxboard exports expanded to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 41% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Taiwan (Chinese) (X tons) and Bangladesh (X tons) were the main destinations of folding boxboard exports from China, with a combined 26% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for folding boxboard exports from China, comprising 18% of total exports. The second position in the ranking was held by Thailand ($X), with a 5.8% share of total exports. It was followed by Taiwan (Chinese), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+13.5% per year) and Taiwan (Chinese) (+6.0% per year).

Export Prices by Country

The average folding boxboard export price stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Turkey ($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 Vietnam (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into China

In 2021, purchases abroad of folding boxboard increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.7% 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 was the most pronounced in 2020 when imports increased by 25%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, folding boxboard imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), India (X tons) and the United States (X tons) were the main suppliers of folding boxboard imports to China, together comprising 70% of total imports. South Korea, Taiwan (Chinese), Japan, Brazil, Vietnam, Egypt, New Zealand, Germany and Finland lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +554.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the United States ($X) and India ($X) constituted the largest folding boxboard suppliers to China, together accounting for 61% of total imports. Japan, Germany, South Korea, Brazil, Taiwan (Chinese), Finland, New Zealand, Vietnam and Egypt lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Egypt, with a CAGR of +497.5%, 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

In 2021, the average folding boxboard import price amounted to $X per ton, increasing by 4.6% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :