India: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in India

In 2022, the Indian other papers packaging market increased by 134% to $X, rising for the third consecutive year after three years of decline. In general, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Other Papers Packaging Production in India

In value terms, other papers packaging production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. Other papers packaging production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Other Papers Packaging Exports

Exports from India

After seven years of growth, overseas shipments of other papers packaging decreased by -77.8% to X tons in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 434% against the previous year. The exports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, other papers packaging exports fell sharply to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 248% against the previous year. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

China (X tons) was the main destination for other papers packaging exports from India, accounting for a 62% share of total exports. Moreover, other papers packaging exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +117.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+34.1% per year) and Saudi Arabia (+19.3% per year).

In value terms, China ($X) remains the key foreign market for other papers packaging exports from India, comprising 47% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +84.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+31.5% per year) and Saudi Arabia (+14.9% per year).

Export Prices by Country

The average other papers packaging export price stood at $X per ton in 2022, increasing by 34% against the previous year. Over the period under review, the export price, however, saw a deep reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to China ($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 Sri Lanka (+3.0%), while the prices for the other major destinations experienced a decline.

Other Papers Packaging Imports

Imports into India

In 2022, supplies from abroad of other papers packaging increased by 9.6% to X tons, rising for the second year in a row after three years of decline. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, other papers packaging imports skyrocketed to $X in 2022. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of other papers packaging to India, accounting for a 62% share of total imports. Moreover, other papers packaging imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2.7% per year) and Italy (+12.7% per year).

In value terms, China ($X) constituted the largest supplier of other papers packaging to India, comprising 60% of total imports. The second position in the ranking was taken by Finland ($X), with a 12% share of total imports. It was followed by Italy, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+4.3% per year) and Italy (+14.5% per year).

Import Prices by Country

The average other papers packaging import price stood at $X per ton in 2022, surging by 29% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other papers packaging import price increased by +84.3% against 2016 indices. 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 origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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