South-Eastern Asia: Composite Paperboard Market 2025

Composite Paperboard Market Size in South-Eastern Asia

The Southeast Asian composite paperboard market expanded sharply to $X in 2021, surging by 5.7% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Composite Paperboard Production in South-Eastern Asia

In value terms, composite paperboard production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 15%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Composite Paperboard Exports

Exports in South-Eastern Asia

Composite paperboard exports reduced to X tons in 2021, which is down by -9.1% against the previous year. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 55%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, composite paperboard exports expanded notably to $X in 2021. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 26% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), Malaysia (X tons) and Vietnam (X tons) represented roughly 82% of total exports in 2021. Indonesia (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (6.5%).

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +26.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest composite paperboard supplying countries in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Vietnam ($X), with a combined 70% share of total exports. Thailand and Indonesia lagged somewhat behind, together accounting for a further 30%.

Thailand, with a CAGR of +18.7%, saw the highest rates of growth with regard to 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

The export price in South-Eastern Asia stood at $X per ton in 2021, jumping by 26% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+10.9%), while the other leaders experienced more modest paces of growth.

Composite Paperboard Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of composite paper and paperboard were imported in South-Eastern Asia; which is down by -10% compared with the year before. In general, imports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of 46% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, composite paperboard imports dropped slightly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 63% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of composite paperboard imports in 2021 were Vietnam (X tons), Malaysia (X tons), Indonesia (X tons) and Thailand (X tons), together accounting for 88% of total import. It was distantly followed by the Philippines (X tons), constituting a 5.3% share of total imports. Singapore (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 69% share of total imports. Thailand, the Philippines, Singapore and Cambodia lagged somewhat behind, together accounting for a further 30%.

Cambodia, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 7.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 an increase of 12% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cambodia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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