Eastern Asia: Market for Uncoated Wood Free Printing and Writing Papers 2024

Market Size for Uncoated Wood Free Printing and Writing Papers in Eastern Asia

The East Asian market for uncoated wood free printing and writing papers expanded rapidly to $X in 2021, with an increase of 6.1% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Production of Uncoated Wood Free Printing and Writing Papers in Eastern Asia

In value terms, production of uncoated wood free printing and writing papers rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Uncoated Wood Free Printing and Writing Papers

Exports in Eastern Asia

After four years of decline, overseas shipments of uncoated wood free printing and writing papers increased by 0.5% to X tons in 2021. Over the period under review, exports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2016 when exports increased by 20% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of uncoated wood free printing and writing papers reached $X in 2021. In general, exports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 14%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the main exporter of uncoated wood free printing and writing papers in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 62% of total exports in 2021. Japan (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (8.5%) and Taiwan (Chinese) (4.9%). Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -5.0% from 2012 to 2021. At the same time, Japan (+3.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +3.0% from 2012-2021. By contrast, South Korea (-1.2%), Taiwan (Chinese) (-2.8%) and Hong Kong SAR (-13.9%) illustrated a downward trend over the same period. Japan (+10 p.p.) and South Korea (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and China saw its share reduced by -3% and -9.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest uncoated wood free printing and writing paper supplier in Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by Japan ($X), with a 20% share of total exports. It was followed by South Korea, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to -2.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.3% per year) and South Korea (-2.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: 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 China (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Uncoated Wood Free Printing and Writing Papers

Imports in Eastern Asia

In 2021, the amount of uncoated wood free printing and writing papers imported in Eastern Asia rose notably to X tons, with an increase of 9.5% on the year before. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 35%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, imports of uncoated wood free printing and writing papers soared to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the major importer of uncoated wood free printing and writing papers in Eastern Asia, with the volume of imports amounting to X tons, which was near 55% of total imports in 2021. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 40% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the uncoated wood free printing and writing papers imports, with a CAGR of +17.4% from 2012 to 2021. At the same time, Taiwan (Chinese) (+3.8%) and South Korea (+3.7%) displayed positive paces of growth. By contrast, Japan (-3.3%) and Hong Kong SAR (-7.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +35 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest uncoated wood free printing and writing paper importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 84% of total imports.

China, with a CAGR of +12.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 7.6% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and Japan ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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