Indonesia: Folding Boxboard Market 2024

Folding Boxboard Market Size in Indonesia

In 2021, the Indonesian folding boxboard market increased by 2% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Folding Boxboard Production in Indonesia

In value terms, folding boxboard production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 21% against the previous year. Folding boxboard production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Folding Boxboard Exports

Exports from Indonesia

Folding boxboard exports from Indonesia was estimated at X tons in 2021, picking up by 14% on 2020. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 60%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, folding boxboard exports surged to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +120.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 54%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for folding boxboard exports from Indonesia, accounting for a 32% share of total exports. Moreover, folding boxboard exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+3.5% per year) and Thailand (+14.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for folding boxboard exports from Indonesia, comprising 30% of total exports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total exports. It was followed by Turkey, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+5.4% per year) and Turkey (+75.8% per year).

Export Prices by Country

In 2021, the average folding boxboard export price amounted to $X per ton, jumping by 31% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into Indonesia

In 2021, overseas purchases of folding boxboard increased by 2.8% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.1% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 45% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, folding boxboard imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of folding boxboard imports to Indonesia, together comprising 57% of total imports. Singapore, Vietnam, India, Finland, Hong Kong SAR, the United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Vietnam ($X) appeared to be the largest folding boxboard suppliers to Indonesia, with a combined 56% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +37.1%, 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 2021, the average folding boxboard import price amounted to $X per ton, surging by 14% against the previous year. Overall, the import price, however, showed a mild slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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