Indonesia: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in Indonesia

In 2022, the Indonesian paperboard case material market increased by 37% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +144.3% against 2020 indices. Paperboard case material consumption peaked in 2022 and is expected to retain growth in the near future.

Paperboard Case Material Production in Indonesia

In value terms, paperboard case material production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Paperboard case material production peaked in 2022 and is likely to see gradual growth in the immediate term.

Paperboard Case Material Exports

Exports from Indonesia

In 2022, overseas shipments of paperboard case materials decreased by -36.3% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2017 when exports increased by 393%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, paperboard case material exports contracted rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 458% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for paperboard case material exports from Indonesia, accounting for a 69% share of total exports. Moreover, paperboard case material exports to China exceeded the volume sent to the second major destination, Thailand (X tons), fivefold. The third position in this ranking was taken by Malaysia (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +69.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+26.9% per year) and Malaysia (-0.7% per year).

In value terms, China ($X) remains the key foreign market for paperboard case materials exports from Indonesia, comprising 64% of total exports. The second position in the ranking was held by Thailand ($X), with a 13% share of total exports. It was followed by Malaysia, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +70.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+26.7% per year) and Malaysia (+2.2% per year).

Export Prices by Country

The average paperboard case material export price stood at $X per ton in 2022, rising by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 37% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 Saudi Arabia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into Indonesia

After two years of decline, purchases abroad of paperboard case materials increased by 75% to X tons in 2022. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 125% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, paperboard case material imports soared to $X in 2022. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 60% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), Vietnam (X tons) and Malaysia (X tons) were the main suppliers of paperboard case material imports to Indonesia, with a combined 51% 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 Vietnam (with a CAGR of +34.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paperboard case material suppliers to Indonesia were Japan ($X), Malaysia ($X) and South Korea ($X), with a combined 43% share of total imports. Vietnam, Taiwan (Chinese), the United States, Thailand, Australia, New Zealand and Singapore lagged somewhat behind, together accounting for a further 42%.

In terms of the main suppliers, Vietnam, with a CAGR of +34.9%, 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

The average paperboard case material import price stood at $X per ton in 2022, dropping by -16.4% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +13.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 80% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 South Korea ($X per ton), while the price for Australia ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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