Eastern Asia: Paper Knife Market 2024

Paper Knife Market Size in Eastern Asia

In 2022, the East Asian paper knife market decreased by -12% to $X, falling for the sixth year in a row after three years of growth. Overall, consumption saw a mild setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Paper Knife Production in Eastern Asia

In value terms, paper knife production reduced slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 51% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Paper Knife Exports

Exports in Eastern Asia

In 2022, shipments abroad of paper knives increased by 29% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 266% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, paper knife exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X units) was the main exporter of paper knives in Eastern Asia, making up 99% of total export.

China was also the fastest-growing in terms of the paper knives exports, with a CAGR of +1.1% from 2012 to 2022. From 2012 to 2022, the share of China increased by +4.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest paper knife supplier in Eastern Asia.

In China, paper knife exports increased at an average annual rate of +5.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, increasing by 4.1% against the previous year. Over the period under review, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2016 an increase of 214% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.7% per year.

Paper Knife Imports

Imports in Eastern Asia

In 2022, approx. X units of paper knives were imported in Eastern Asia; shrinking by -18.7% against the previous year's figure. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, paper knife imports reduced remarkably to $X in 2022. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea prevails in imports structure, recording X units, which was approx. 66% of total imports in 2022. Hong Kong SAR (X units) ranks second in terms of the total imports with a 9.9% share, followed by China (9.5%), Taiwan (Chinese) (6.6%) and Japan (6.4%).

South Korea was also the fastest-growing in terms of the paper knives imports, with a CAGR of +7.6% from 2012 to 2022. Japan (-2.2%), Taiwan (Chinese) (-2.6%), China (-2.7%) and Hong Kong SAR (-21.7%) illustrated a downward trend over the same period. While the share of South Korea (+48 p.p.), China (+2.4 p.p.), Japan (+1.9 p.p.) and Taiwan (Chinese) (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-55.1 p.p.) displayed negative dynamics.

In value terms, South Korea ($X) constitutes the largest market for imported paper knives in Eastern Asia, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to +7.6%. The remaining importing countries recorded the following average annual rates of imports growth: China (-2.0% per year) and Japan (-2.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, approximately equating the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 7.9% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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