Vietnam: Market for Uncoated Wood Free Printing and Writing Papers 2024

Market Size for Uncoated Wood Free Printing and Writing Papers in Vietnam

In 2021, the Vietnamese market for uncoated wood free printing and writing papers was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Uncoated Wood Free Printing and Writing Papers

Exports from Vietnam

In 2021, overseas shipments of uncoated wood free printing and writing papers decreased by -68.9% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2016 with an increase of 161%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of uncoated wood free printing and writing papers contracted markedly to $X in 2021. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 136%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for exports of uncoated wood free printing and writing papers from Vietnam, accounting for a 40% share of total exports. Moreover, exports of uncoated wood free printing and writing papers to India exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-16.1% per year) and the United States (+49.2% per year).

In value terms, India ($X), the United States ($X) and the Philippines ($X) were the largest markets for uncoated wood free printing and writing paper exported from Vietnam worldwide, together comprising 66% of total exports.

Among the main countries of destination, the United States, with a CAGR of +49.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for uncoated wood free printing and writing papers stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 46%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Cambodia ($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 China (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncoated Wood Free Printing and Writing Papers

Imports into Vietnam

In 2021, the amount of uncoated wood free printing and writing papers imported into Vietnam amounted to X tons, increasing by 13% on the previous year's figure. The total import volume increased at an average annual rate of +7.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 52% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of uncoated wood free printing and writing papers surged to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 35%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

Indonesia (X tons), Thailand (X tons) and China (X tons) were the main suppliers of imports of uncoated wood free printing and writing papers to Vietnam, together accounting for 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest uncoated wood free printing and writing paper suppliers to Vietnam were Indonesia ($X), Thailand ($X) and China ($X), together accounting for 80% of total imports. These countries were followed by Japan and Taiwan (Chinese), which together accounted for a further 12%.

In terms of the main suppliers, Japan, with a CAGR of +16.2%, saw 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 import price for uncoated wood free printing and writing papers amounted to $X per ton, growing by 6.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 14%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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