Eastern Asia: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Eastern Asia

In 2021, the East Asian paper sack and bag market decreased by -1.8% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 4.9% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Paper Sacks And Bags in Eastern Asia

In value terms, paper sack and bag production fell to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 6.2% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Paper Sacks And Bags

Exports in Eastern Asia

In 2021, shipments abroad of paper sacks and bags increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper sack and bag exports soared to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; 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

China prevails in exports structure, accounting for X tons, which was near 93% of total exports in 2021. The following exporters - Taiwan (Chinese) (X tons), South Korea (X tons) and Hong Kong SAR (X tons) - together made up 6.9% of total exports.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Taiwan (Chinese) (+10.3%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.3% from 2012-2021. By contrast, Hong Kong SAR (-9.1%) illustrated a downward trend over the same period. China (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -3.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper sack and bag supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.5% share of total exports. It was followed by Hong Kong SAR, with a 2.5% share.

In China, paper sack and bag exports expanded at an average annual rate of +6.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+10.0% per year) and Hong Kong SAR (-6.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Paper Sacks And Bags

Imports in Eastern Asia

Paper sack and bag imports totaled X tons in 2021, with an increase of 7.3% on 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, paper sack and bag imports reached $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons), Hong Kong SAR (X tons) and South Korea (X tons) was the major importer of paper sacks and bags in Eastern Asia, making up 82% of total import. Taiwan (Chinese) (X tons) held the next position in the ranking, followed by China (X tons). All these countries together took approx. 16% share of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +8.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), Hong Kong SAR ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 84% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +9.2%, saw the highest growth rate of 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

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 6.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :