Vietnam: Sack Kraft Paper Market 2025

Sack Kraft Paper Market Size in Vietnam

The Vietnamese sack kraft paper market fell to $X in 2022, waning by -13.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Sack Kraft Paper Exports

Exports from Vietnam

In 2022, the amount of sack kraft paper exported from Vietnam skyrocketed to X tons, with an increase of 24% on the year before. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 317% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sack kraft paper exports amounted to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 175%. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Cambodia (X tons), the United States (X tons) and Sri Lanka (X tons) were the main destinations of sack kraft paper exports from Vietnam, together comprising 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +160.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sack kraft paper exported from Vietnam were Cambodia ($X), Sri Lanka ($X) and the United States ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, Cambodia, with a CAGR of +147.5%, saw the highest rates of growth with regard to 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 sack kraft paper export price stood at $X per ton in 2022, falling by -18.7% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+0.4%), while the prices for the other major destinations experienced a decline.

Sack Kraft Paper Imports

Imports into Vietnam

After two years of growth, supplies from abroad of sack kraft paper decreased by -9.4% to X tons in 2022. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sack kraft paper imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 65% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and Russia (X tons) were the main suppliers of sack kraft paper imports to Vietnam, together comprising 70% of total imports. Thailand, the United States, China, Bulgaria, Taiwan (Chinese) and Indonesia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +39.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Russia ($X) were the largest sack kraft paper suppliers to Vietnam, together accounting for 69% of total imports. Thailand, the United States, China, Bulgaria, Taiwan (Chinese) and Indonesia lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Bulgaria, with a CAGR of +33.1%, 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 2022, the average sack kraft paper import price amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and the United States ($X per ton), while the price for South Korea ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform