Global Wrapping Paper Market 2019 - China's Consumption Growth to Slow Further

IndexBox has just published a new report: 'World - Wrapping Papers - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global wrapping papers market revenue amounted to $22.9B in 2018, going up by 7.2% 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). The market value increased at an average annual rate of +1.7% from 2008 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011, with an increase of 18% y-o-y. Over the period under review, the global wrapping papers market attained its maximum level at $24.2B in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Exports 2007-2018

Global exports amounted to 8.7M tonnes in 2018, remaining relatively unchanged against the previous year. The total export volume increased at an average annual rate of +1.8% from 2008 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years.

In value terms, wrapping papers exports stood at $9.9B (IndexBox estimates) in 2018.

Exports by Country

Sweden (1.1M tonnes), the U.S. (1.1M tonnes) and Germany (736K tonnes) represented roughly 33% of total exports of wrapping papers in 2018. The Czech Republic (488K tonnes) ranks next in terms of the total exports with a 5.6% share, followed by Finland (5.1%), France (4.9%), Canada (4.6%) and Italy (4.6%). Russia (383K tonnes), Austria (305K tonnes), Japan (283K tonnes) and Spain (249K tonnes) occupied a little share of total exports.

From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Japan, while the other global leaders experienced more modest paces of growth.

In value terms, the largest wrapping papers markets worldwide were Sweden ($1.2B), the U.S. ($1.1B) and Germany ($848M), with a combined 32% share of global exports. These countries were followed by Finland, France, Italy, Canada, the Czech Republic, Japan, Russia, Spain and Austria, which together accounted for a further 41%.

Export Prices by Country

In 2018, the average wrapping papers export price amounted to $1,133 per tonne, growing by 5.7% against the previous year. Over the period under review, the wrapping papers export price, however, continues to indicate a relatively flat trend pattern.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Finland ($1,514 per tonne), while Russia ($850 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. 9.4M tonnes of wrapping papers were imported worldwide; remaining constant against the previous year. The total import volume increased at an average annual rate of +1.1% over the period from 2008 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years.

In value terms, wrapping papers imports amounted to $10.8B (IndexBox estimates) in 2018.

Imports by Country

In 2018, Germany (977K tonnes), followed by Mexico (555K tonnes), the U.S. (541K tonnes), Italy (521K tonnes) and China (457K tonnes) were the major importers of wrapping papers, together achieving 32% of total imports. Canada (393K tonnes), France (336K tonnes), Poland (332K tonnes), the Netherlands (257K tonnes), Belgium (256K tonnes), the UK (233K tonnes) and India (222K tonnes) held a minor share of total imports.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.2B), the U.S. ($779M) and Mexico ($665M) were the countries with the highest levels of imports in 2018, with a combined 24% share of global imports. These countries were followed by Italy, Canada, China, France, Poland, the Netherlands, the UK, Belgium and India, which together accounted for a further 32%.

Import Prices by Country

In 2018, the average wrapping papers import price amounted to $1,149 per tonne, picking up by 12% against the previous year. In general, the wrapping papers import price continues to indicate a relatively flat trend pattern.

Average import prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following import prices: in the U.S. ($1,439 per tonne) and the UK ($1,288 per tonne), while India ($981 per tonne) and China ($1,004 per tonne) were amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of import prices was attained by the UK, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform