Southern Asia: Paper Label Market 2024

Paper Label Market Size in Southern Asia

The South Asian paper label market declined to $X in 2021, reducing by -2.4% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Paper Label Production in Southern Asia

In value terms, paper label production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Paper Label Exports

Exports in Southern Asia

In 2021, overseas shipments of labels of paper or paperboard increased by 52% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, paper label exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) and Sri Lanka (X tons) dominates exports structure, together achieving 96% of total exports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bangladesh (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest paper label supplying countries in Southern Asia were India ($X), Sri Lanka ($X) and Bangladesh ($X), with a combined 97% share of total exports.

Bangladesh, with a CAGR of +17.4%, 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 2021, the export price in Southern Asia amounted to $X per ton, dropping by -13.3% against the previous year. Overall, the export price recorded a slight slump. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.7%), while the other leaders experienced a decline in the export price figures.

Paper Label Imports

Imports in Southern Asia

In 2021, the amount of labels of paper or paperboard imported in Southern Asia surged to X tons, rising by 61% compared with the previous year. The total import volume increased at an average annual rate of +1.6% 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.

In value terms, paper label imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons) and Bangladesh (X tons) prevails in imports structure, together creating 84% of total imports. It was distantly followed by Sri Lanka (X tons), achieving a 9.1% share of total imports. The following importers - Nepal (X tons) and Pakistan (X tons) - together made up 5.6% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nepal (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper label importing markets in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), together comprising 94% of total imports. Pakistan and Nepal lagged somewhat behind, together accounting for a further 5%.

In terms of the main importing countries, Nepal, with a CAGR of +16.2%, saw 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

The import price in Southern Asia stood at $X per ton in 2021, waning by -19.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2020, and then reduced sharply in the following year.

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 Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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