India: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in India

In 2022, the Indian paperboard case material market increased by 6.8% to $X for the first time since 2017, thus ending a four-year declining trend. In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Paperboard case material consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Paperboard Case Material Production in India

In value terms, paperboard case material production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Paperboard Case Material Exports

Exports from India

In 2022, after six years of growth, there was significant decline in shipments abroad of paperboard case materials, when their volume decreased by -51.8% to X tons. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 379%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, paperboard case material exports reduced dramatically to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 339% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Sri Lanka (X tons) were the main destinations of paperboard case material exports from India, together comprising 55% of total exports. Bangladesh, Jordan, Oman, Nigeria, China and Angola lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +191.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paperboard case material exported from India were the United Arab Emirates ($X), Saudi Arabia ($X) and Sri Lanka ($X), with a combined 53% share of total exports. Bangladesh, Jordan, Oman, Nigeria, China and Angola lagged somewhat behind, together comprising a further 36%.

China, with a CAGR of +180.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average paperboard case material export price amounted to $X per ton, with an increase of 11% against the previous year. In general, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Angola ($X per ton) and Nigeria ($X per ton), while the average price for exports to China ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into India

After two years of decline, supplies from abroad of paperboard case materials increased by 10% to X tons in 2022. In general, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, paperboard case material imports surged to $X in 2022. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Poland (X tons) were the main suppliers of paperboard case material imports to India, with a combined 65% share of total imports. Thailand, Finland, Belgium, Sweden, Spain, Russia, Germany, the Netherlands, Australia and New Zealand lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of paperboard case materials to India, comprising 46% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Poland, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.4% per year) and Poland (+20.2% per year).

Import Prices by Country

In 2022, the average paperboard case material import price amounted to $X per ton, increasing by 18% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paperboard case material import price increased by +72.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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