South-Eastern Asia: Paper Label Market 2024

Paper Label Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian paper label market decreased by -0.3% to $X in 2021. The market value increased at an average annual rate of +3.6% over the period 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 2020, and then shrank slightly in the following year.

Paper Label Production in South-Eastern Asia

In value terms, paper label production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 16%. The level of production peaked at $X in 2020, and then shrank in the following year.

Paper Label Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of labels of paper or paperboard were exported in South-Eastern Asia; with an increase of 20% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper label exports soared to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the main exporter of labels of paper or paperboard in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 39% of total exports in 2021. Singapore (X tons) ranks second in terms of the total exports with a 23% share, followed by Thailand (23%) and Malaysia (13%). The Philippines (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 81% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +19.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat 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 the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.0%), while the other leaders experienced more modest paces of growth.

Paper Label Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of labels of paper or paperboard were imported in South-Eastern Asia; with an increase of 36% compared with the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.4% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper label imports soared to $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam was the major importer of labels of paper or paperboard in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. 38% of total imports in 2021. Indonesia (X tons) ranks second in terms of the total imports with a 15% share, followed by Thailand (12%), Cambodia (12%), Malaysia (7.9%) and Myanmar (4.8%). The Philippines (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to paper label imports into Vietnam stood at +14.8%. At the same time, Myanmar (+15.3%), Cambodia (+13.6%), Thailand (+11.1%), the Philippines (+3.4%) and Indonesia (+1.3%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +15.3% from 2012-2021. By contrast, Malaysia (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, Cambodia, Thailand and Myanmar increased by +17, +5.1, +3.5 and +2.3 percentage points, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported labels of paper or paperboard in South-Eastern Asia, comprising 36% of total imports. The second position in the ranking was taken by Cambodia ($X), with a 15% share of total imports. It was followed by Indonesia, with a 14% share.

In Vietnam, paper label imports expanded at an average annual rate of +10.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cambodia (+12.5% per year) and Indonesia (-2.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, falling by -9.2% against the previous year. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 10% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :