China: Asphalted Paper Market 2024

Asphalted Paper Market Size in China

The Chinese asphalted paper market dropped to $X in 2022, waning by -2.3% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Asphalted paper consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Asphalted Paper Production in China

In value terms, asphalted paper production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Asphalted Paper Exports

Exports from China

In 2022, the amount of tarred, bituminised or asphalted paper and paperboard exported from China shrank to X tons, which is down by -7% on 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, asphalted paper exports shrank remarkably to $X in 2022. In general, exports, however, saw noticeable growth. The pace of growth appeared the most rapid in 2017 when exports increased by 154% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

The Philippines (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of asphalted paper exports from China, together comprising 62% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +93.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for asphalted paper exported from China were Indonesia ($X), the Philippines ($X) and Thailand ($X), together comprising 61% of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +71.1%, 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

The average asphalted paper export price stood at $X per ton in 2022, reducing by -55.5% against the previous year. In general, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 68% against the previous year. The export price peaked at $X per ton in 2021, and then reduced dramatically in the following year.

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 Vietnam ($X per ton), while the average price for exports to Mongolia ($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 Hong Kong SAR (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Asphalted Paper Imports

Imports into China

In 2022, approx. X tons of tarred, bituminised or asphalted paper and paperboard were imported into China; dropping by -82.2% compared with 2021 figures. Overall, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 1,300% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, asphalted paper imports fell significantly to $X in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 516% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest asphalted paper supplier to China, with a 68% share of total imports. Moreover, asphalted paper imports from the United States exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-3.7% per year) and Germany (-35.6% per year).

In value terms, Austria ($X) constituted the largest supplier of tarred, bituminised or asphalted paper and paperboard to China, comprising 80% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Austria amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.1% per year) and Germany (-22.9% per year).

Import Prices by Country

In 2022, the average asphalted paper import price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 255%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+28.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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