Vietnam: Paper Label Market 2025

Paper Label Market Size in Vietnam

For the eighth year in a row, the Vietnamese paper label market recorded growth in sales value, which increased by 6.6% to $X in 2021. Overall, consumption showed prominent growth. Paper label consumption peaked in 2021 and is likely to see gradual growth in years to come.

Paper Label Production in Vietnam

In value terms, paper label production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2019 with an increase of 45% against the previous year. Paper label production peaked at $X in 2020, and then fell in the following year.

Paper Label Exports

Exports from Vietnam

In 2021, the amount of labels of paper or paperboard exported from Vietnam surged to X tons, rising by 24% on 2020. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 68%. The exports 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. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of paper label exports from Vietnam, together accounting for 64% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +45.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and Thailand ($X) constituted the largest markets for paper label exported from Vietnam worldwide, with a combined 45% share of total exports.

Thailand, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper label export price stood at $X per ton in 2021, surging by 3.8% against the previous year. Over the period under review, the export price, however, showed a slight setback. The growth pace was the most rapid in 2019 an increase of 48%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Paper Label Imports

Imports into Vietnam

In 2021, approx. X tons of labels of paper or paperboard were imported into Vietnam; picking up by 65% compared with 2020. In general, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper label imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of paper label to Vietnam, with a 62% share of total imports. Moreover, paper label imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+6.2% per year) and Thailand (+18.6% per year).

In value terms, China ($X), Hong Kong SAR ($X) and South Korea ($X) constituted the largest paper label suppliers to Vietnam, together comprising 84% of total imports.

Among the main suppliers, China, with a CAGR of +27.4%, recorded the highest growth rate of 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

In 2021, the average paper label import price amounted to $X per ton, dropping by -14.6% against the previous year. Overall, the import price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 5.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($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) (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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