Thailand: Market for Coated Printing and Writing Papers 2024

Market Size for Coated Printing and Writing Papers in Thailand

The Thai market for coated printing and writing papers declined slightly to $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 9.7%. Coated printing and writing paper consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Coated Printing and Writing Papers in Thailand

In value terms, coated printing and writing paper production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Coated Printing and Writing Papers

Exports from Thailand

After two years of decline, shipments abroad of coated printing and writing papers increased by 12% to X tons in 2021. Overall, exports, however, saw a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 26% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, coated printing and writing paper exports rose markedly to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for coated printing and writing paper exports from Thailand, accounting for a 28% share of total exports. Moreover, coated printing and writing paper exports to Vietnam exceeded the volume sent to the second major destination, South Korea (X tons), threefold. South Africa (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-6.5% per year) and South Africa (-4.2% per year).

In value terms, Vietnam ($X) remains the key foreign market for coated printing and writing papers exports from Thailand, comprising 29% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.9% share of total exports. It was followed by South Africa, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-6.2% per year) and South Africa (-4.1% per year).

Export Prices by Country

In 2021, the average export price for coated printing and writing papers amounted to $X per ton, picking up by 1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 8.5% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coated Printing and Writing Papers

Imports into Thailand

In 2021, purchases abroad of coated printing and writing papers was finally on the rise to reach X tons after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 16%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, coated printing and writing paper imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of coated printing and writing paper to Thailand, with a 58% share of total imports. Moreover, coated printing and writing paper imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.7% per year) and South Korea (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of coated printing and writing papers to Thailand, comprising 57% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Indonesia, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.8% per year) and Indonesia (-6.1% per year).

Import Prices by Country

The average import price for coated printing and writing papers stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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