Southern Asia: Folding Boxboard Market 2024

Folding Boxboard Market Size in Southern Asia

The South Asian folding boxboard market was finally on the rise to reach $X in 2021, after three years of decline. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.2% against 2015 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Folding Boxboard Production in Southern Asia

In value terms, folding boxboard production reached $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -36.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 50%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Folding Boxboard Exports

Exports in Southern Asia

For the sixth consecutive year, Southern Asia recorded growth in overseas shipments of folding boxboard, which increased by 90% to X tons in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 95%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, folding boxboard exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 125%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

India dominates exports structure, reaching X tons, which was approx. 97% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the folding boxboard exports, with a CAGR of +36.9% from 2012 to 2021. At the same time, Pakistan (+9.9%) displayed positive paces of growth. India (+16 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -14.3% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest folding boxboard supplier in Southern Asia, comprising 91% of total exports. The second position in the ranking was taken by Pakistan ($X), with an 8.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +32.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 10% against the previous year. In general, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2013 when the export price increased by 16% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.3%).

Folding Boxboard Imports

Imports in Southern Asia

In 2021, approx. X tons of folding boxboard were imported in Southern Asia; increasing by 18% on 2020. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 19%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, folding boxboard imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bangladesh (X tons) and India (X tons) were the key importers of folding boxboard in 2021, finishing at near 37% and 33% of total imports, respectively. Pakistan (X tons) held the next position in the ranking, followed by Sri Lanka (X tons). All these countries together held near 28% share of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 85% of total imports. Sri Lanka and Nepal lagged somewhat behind, together comprising a further 14%.

Nepal, with a CAGR of +21.0%, saw the highest growth rate of the value of imports, among 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

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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