South-Eastern Asia: Corrugated Paper Box Market 2025

Corrugated Paper Box Market Size in South-Eastern Asia

The Southeast Asian corrugated paper box market dropped slightly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Corrugated Paper Box Production in South-Eastern Asia

In value terms, corrugated paper box production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Corrugated Paper Box Exports

Exports in South-Eastern Asia

In 2022, the amount of cartons, boxes and cases of corrugated paper or paperboard exported in South-Eastern Asia fell slightly to X tons, with a decrease of -4.8% compared with the previous year's figure. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, corrugated paper box exports reduced slightly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2014 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 22%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced modestly in the following year.

Exports by Country

In 2022, Vietnam (X tons) was the main exporter of cartons, boxes and cases of corrugated paper or paperboard, committing 44% of total exports. Malaysia (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (13%), Thailand (7.1%) and Indonesia (5.7%). The Philippines (X tons) and Lao People's Democratic Republic (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 81% of total exports. Thailand, the Philippines, Indonesia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 19%.

Lao People's Democratic Republic, with a CAGR of +22.8%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 18%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (+10.9%), while the other leaders experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports in South-Eastern Asia

In 2022, corrugated paper box imports in South-Eastern Asia shrank slightly to X tons, approximately equating the previous year. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 26% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, corrugated paper box imports expanded to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 16%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The countries with the highest levels of corrugated paper box imports in 2022 were Vietnam (X tons), Indonesia (X tons), Singapore (X tons), Cambodia (X tons), Thailand (X tons), Lao People's Democratic Republic (X tons), Malaysia (X tons) and the Philippines (X tons), together resulting at 95% of total import.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. Singapore, the Philippines, Malaysia, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 49%.

Among the main importing countries, the Philippines, with a CAGR of +24.2%, recorded the highest rates of growth with regard to 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 import price in South-Eastern Asia amounted to $X per ton, with an increase of 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 when the import price increased by 15% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($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 Philippines (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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