China: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in China

The Chinese paper bag machine market reduced rapidly to $X in 2022, with a decrease of -98.3% against the previous year. In general, consumption continues to indicate a dramatic shrinkage. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Paper Bag Machine Production in China

In value terms, paper bag machine production reached $X in 2022 estimated in export price. In general, production, however, recorded a mild descent. The pace of growth appeared the most rapid in 2014 with an increase of 13%. Paper bag machine production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Paper Bag Machine Exports

Exports from China

In 2022, exports of machines for making bags, sacks or envelopes of paper or paperboard from China skyrocketed to X units, with an increase of 39% on 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 137%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, paper bag machine exports dropped modestly to $X in 2022. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 65% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Vietnam (X units), India (X units) and Mexico (X units) were the main destinations of paper bag machine exports from China, together accounting for 11% of total exports. These countries were followed by the Philippines, Egypt, the United Arab Emirates, Uzbekistan, Turkey, Thailand, Russia, Indonesia, Spain and Nigeria, which together accounted for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +47.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Turkey ($X) were the largest markets for paper bag machine exported from China worldwide, together comprising 23% of total exports. Russia, the United Arab Emirates, Mexico, Thailand, Indonesia, Spain, Egypt, the Philippines, Uzbekistan and Nigeria lagged somewhat behind, together comprising a further 24%.

Spain, with a CAGR of +49.2%, recorded the highest growth rate of the value of exports, among 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

The average paper bag machine export price stood at $X per unit in 2022, declining by -29.7% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 25% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Machine Imports

Imports into China

In 2022, overseas purchases of machines for making bags, sacks or envelopes of paper or paperboard increased by 148% to X units, rising for the fourth consecutive year after two years of decline. In general, imports, however, recorded a mild decrease. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, paper bag machine imports skyrocketed to $X in 2022. Overall, imports posted a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 218% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Japan (X units) and Germany (X units) were the main suppliers of paper bag machine imports to China.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +8.2%).

In value terms, Germany ($X) constituted the largest supplier of machines for making bags, sacks or envelopes of paper or paperboard to China, comprising 77% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +4.6%.

Import Prices by Country

The average paper bag machine import price stood at $X per unit in 2022, declining by -23% against the previous year. Overall, the import price, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2019 an increase of 153% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+30.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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