China: Office Supply Market 2024

Office Supply Market Size in China

After two years of growth, the Chinese office supply market decreased by -15.7% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Office Supply Production in China

In value terms, office supply production declined modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 7.3% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Office Supply Exports

Exports from China

In 2022, the amount of office or school supplies of plastics exported from China skyrocketed to X tons, rising by 17% against 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, office supply exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +68.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Japan (X tons) and Australia (X tons) were the main destinations of office supply exports from China, with a combined 39% share of total exports. France, India, Singapore, the UK, the Netherlands, Malaysia, Germany, Vietnam, the Philippines and Canada lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +10.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for office or school supplies of plastics exports from China, comprising 23% of total exports. The second position in the ranking was taken by Japan ($X), with a 10% share of total exports. It was followed by Singapore, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.4% per year) and Singapore (+26.0% per year).

Export Prices by Country

The average office supply export price stood at $X per ton in 2022, picking up by 9.9% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office supply export price increased by +55.8% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 45%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into China

In 2022, approx. X tons of office or school supplies of plastics were imported into China; reducing by -13.3% compared with the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 45% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, office supply imports contracted markedly to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The growth pace was the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Japan (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of office supply imports to China, together comprising 56% of total imports. India, Vietnam and Poland lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of office or school supplies of plastics to China, comprising 45% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by Vietnam, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+16.7% per year) and Vietnam (+12.2% per year).

Import Prices by Country

In 2022, the average office supply import price amounted to $X per ton, which is down by -3.4% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 60%. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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