India: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in India

The Indian paper and paperboard market declined to $X in 2022, remaining constant against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Paper And Paperboard Production in India

In value terms, paper and paperboard production contracted to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 67%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Paper And Paperboard Exports

Exports from India

In 2022, the amount of paper and paperboard (creped, crinkled, embossed or perforated) exported from India fell to X tons, with a decrease of -4.8% against the year before. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 163% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, paper and paperboard exports expanded notably to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 201%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ethiopia (X tons) was the main destination for paper and paperboard exports from India, accounting for a 55% share of total exports. Moreover, paper and paperboard exports to Ethiopia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Djibouti (X tons), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ethiopia totaled +151.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+25.5% per year) and Djibouti (-5.0% per year).

In value terms, Ethiopia ($X) remains the key foreign market for paper and paperboard (creped, crinkled, embossed or perforated) exports from India, comprising 48% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by the UK, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Ethiopia totaled +144.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+27.4% per year) and the UK (-8.8% per year).

Export Prices by Country

In 2022, the average paper and paperboard export price amounted to $X per ton, surging by 16% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2021 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea-Bissau (+59.3%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into India

In 2022, paper and paperboard imports into India reduced markedly to X tons, shrinking by -33.3% against the previous year's figure. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +29.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, paper and paperboard imports declined to $X in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Italy (X tons) were the main suppliers of paper and paperboard imports to India, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +36.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper and paperboard suppliers to India were Taiwan (Chinese) ($X), China ($X) and Italy ($X), together comprising 71% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +42.6%, recorded 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

In 2022, the average paper and paperboard import price amounted to $X per ton, increasing by 38% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper and paperboard import price increased by +119.6% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Canada ($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 United States (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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