Eastern Asia: Sack Kraft Paper Market 2025

Sack Kraft Paper Market Size in Eastern Asia

The East Asian sack kraft paper market amounted to $X in 2022, picking up by 4.9% against the previous year. Over the period under review, consumption posted a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sack Kraft Paper Production in Eastern Asia

In value terms, sack kraft paper production rose to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The growth pace was the most rapid in 2019 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sack Kraft Paper Exports

Exports in Eastern Asia

In 2022, shipments abroad of sack kraft paper increased by 3.8% to X tons, rising for the fifth consecutive year after three years of decline. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +62.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, sack kraft paper exports soared to $X in 2022. In general, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) and South Korea (X tons) represented the key exporters of sack kraft paper in 2022, finishing at approx. 48% and 38% of total exports, respectively. It was distantly followed by China (X tons), creating a 13% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +15.1%, saw the highest rates of growth with regard to 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

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by 33% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the other leaders experienced more modest paces of growth.

Sack Kraft Paper Imports

Imports in Eastern Asia

In 2022, imports of sack kraft paper in Eastern Asia expanded markedly to X tons, rising by 12% compared with 2021 figures. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 47%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sack kraft paper imports soared to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the largest importer of sack kraft paper in Eastern Asia, with the volume of imports recording X tons, which was near 68% of total imports in 2022. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together mixing up a 31% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sack kraft paper imports into China stood at +6.7%. At the same time, Hong Kong SAR (+28.1%) and South Korea (+2.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +28.1% from 2012-2022. By contrast, Taiwan (Chinese) (-2.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Hong Kong SAR increased by +10 and +4.1 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported sack kraft paper in Eastern Asia, comprising 67% of total imports. The second position in the ranking was taken by South Korea ($X), with a 25% share of total imports. It was followed by Taiwan (Chinese), with a 5.1% share.

In China, sack kraft paper imports expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+4.9% per year) and Taiwan (Chinese) (-1.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 8.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($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 (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform