South-Eastern Asia: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in South-Eastern Asia

The Southeast Asian sack kraft paper market skyrocketed to $X in 2022, rising by 16% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sack Kraft Paper Production in South-Eastern Asia

In value terms, sack kraft paper production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Sack Kraft Paper Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of sack kraft paper were exported in South-Eastern Asia; with a decrease of -20.9% on the previous year. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 68%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, sack kraft paper exports shrank to $X in 2022. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 85%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X tons) represented the main exporter of sack kraft paper, mixing up 70% of total exports. It was distantly followed by Vietnam (X tons) and Indonesia (X tons), together committing a 26% share of total exports. The following exporters - Singapore (X tons) and Malaysia (X tons) - each reached a 3.7% share of total exports.

Exports from Thailand increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, Vietnam (+44.2%), Indonesia (+8.9%) and Malaysia (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +44.2% from 2012-2022. Singapore experienced a relatively flat trend pattern. Vietnam (+19 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Thailand saw its share reduced by -2.5% and -16.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest sack kraft paper supplier in South-Eastern Asia, comprising 68% of total exports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total exports. It was followed by Singapore, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled +6.9%. In the other countries, the average annual rates were as follows: Vietnam (+32.2% per year) and Singapore (-2.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by 10% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 26% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the other leaders experienced a decline in the export price figures.

Sack Kraft Paper Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of sack kraft paper increased by 2.4% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sack kraft paper imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Malaysia (X tons), Thailand (X tons) and Vietnam (X tons) represented the largest importers of sack kraft paper, together making up 95% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +3.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together accounting for 85% of total imports.

Thailand, with a CAGR of +4.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 26% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($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 (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform