
China - Cartons, Boxes And Cases Of Corrugated Paper Or Paperboard - Market Analysis, Forecast, Size, Trends And Insights
Corrugated Paper Box Price in China Hits New Record of $4,260 per Ton
China Corrugated Paper Box Export Price in September 2022
In September 2022, the corrugated paper box price amounted to $4,260 per ton (FOB, China), increasing by 3.8% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +4.3%. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 20% m-o-m. The export price peaked in September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($10,424 per ton), while the average price for exports to Bangladesh ($2,196 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
China Corrugated Paper Box Exports
In September 2022, exports of cartons, boxes and cases of corrugated paper or paperboard from China contracted to 41K tons, approximately reflecting August 2022 figures. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in March 2022 with an increase of 45% against the previous month. Over the period under review, the exports attained the peak figure at 55K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, corrugated paper box exports amounted to $174M (IndexBox estimates) in September 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when exports increased by 65% month-to-month. Over the period under review, the exports hit record highs at 183K tons in April 2022; however, from May 2022 to September 2022, the exports stood at a somewhat lower figure.
China Corrugated Paper Box Exports by Country
The United States (6.5K tons), Hong Kong SAR (5.9K tons) and Vietnam (3.5K tons) were the main destinations of corrugated paper box exports from China, together comprising 39% of total exports. Australia, Indonesia, Thailand, the Philippines, Japan, Cambodia, Canada, Taiwan (Chinese), Malaysia and Bangladesh lagged somewhat behind, together accounting for a further 31%.
From January 2022 to September 2022, the biggest increases were in the Philippines (with a CAGR of +1.0%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the United States ($30M) remains the key foreign market for corrugated paper box exports from China, comprising 17% of total exports. The second position in the ranking was taken by Australia ($14M), with an 8.1% share of total exports. It was followed by Hong Kong SAR, with a 7.6% share.
From January 2022 to September 2022, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (+2.6% per month) and Hong Kong SAR (+1.8% per month).
Corrugated Paper Box Market Overview
In recent years, the corrugated paper box market in China has been growing rapidly, thanks to the country's booming e-commerce industry. A large number of online retailers have turned to corrugated paper boxes as a packaging solution for their products, due to its cost-effectiveness and durability.
The rising disposable incomes of consumers and the growing awareness about environmental sustainability are also some of the key factors fuelling the growth of the corrugated paper box market in China. However, the fluctuating prices of raw materials are expected to restraint market growth to a certain extent over the forecast period.
This report provides an in-depth analysis of the corrugated paper box market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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