Southern Asia: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in Southern Asia

The South Asian sack kraft paper market contracted to $X in 2022, which is down by -7.8% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Sack Kraft Paper Production in Southern Asia

In value terms, sack kraft paper production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sack Kraft Paper Exports

Exports in Southern Asia

In 2022, shipments abroad of sack kraft paper decreased by -22.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 411% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sack kraft paper exports stood at $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 352%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from India (X tons), together recording 99% of total export.

India was also the fastest-growing in terms of the sack kraft paper exports, with a CAGR of +11.6% from 2012 to 2022. From 2012 to 2022, the share of India increased by +12 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest sack kraft paper supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +12.3%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by 30% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 78% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.7% per year.

Sack Kraft Paper Imports

Imports in Southern Asia

In 2022, the amount of sack kraft paper imported in Southern Asia dropped remarkably to X tons, reducing by -23.1% against 2021. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 21%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sack kraft paper imports dropped to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Pakistan (X tons) represented the main importer of sack kraft paper, constituting 51% of total imports. It was distantly followed by India (X tons) and Sri Lanka (X tons), together making up a 45% share of total imports. Bangladesh (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 India (with a CAGR of +2.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest sack kraft paper importing markets in Southern Asia were Pakistan ($X), India ($X) and Sri Lanka ($X), together comprising 98% of total imports.

India, with a CAGR of +6.2%, saw the highest rates of growth with regard to 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 2022, the import price in Southern Asia amounted to $X per ton, rising by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform