Paper Machinery Market

The global paper machinery market is expected to see a rise in both volume and value terms from 2022 to 2030, with a forecasted CAGR of +3.7% and +6.8% respectively. Consumption of machinery for making paper or paperboard decreased in 2022, but the market is projected to grow. Countries like Turkey, China, and Germany have the highest volumes of consumption. In terms of production and import, China, Germany, and Sweden are the key players. Turkey leads in imports, while Sweden is the largest exporter. The average import and export prices have fluctuated over the years, with different countries showing varying growth rates in terms of prices.

Market Forecast

Driven by rising demand for paper machinery worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 460K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.8% for the period from 2022 to 2030, which is projected to bring the market value to $4.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery For Making Paper Or Paperboard

In 2022, consumption of machinery for making paper or paperboard decreased by -12.6% to 344K units, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume of 478K units. From 2021 to 2022, the growth of the global consumption remained at a lower figure.

The global paper machinery market revenue fell dramatically to $2.5B in 2022, which is down by -19.4% 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). Over the period under review, consumption recorded a perceptible shrinkage. As a result, consumption reached the peak level of $4.6B. From 2021 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Turkey (65K units), China (47K units) and Germany (33K units), with a combined 42% share of global consumption. The UK, Iran, Bangladesh, Taiwan (Chinese), South Korea, Brazil, Australia, France, Austria and Finland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Brazil (with a CAGR of +36.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest paper machinery markets worldwide were China ($361M), Turkey ($332M) and Germany ($273M), with a combined 39% share of the global market. Brazil, Austria, Iran, Bangladesh, France, Taiwan (Chinese), Australia, South Korea, Finland and the UK lagged somewhat behind, together accounting for a further 28%.

Brazil, with a CAGR of +35.2%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of paper machinery per capita consumption in 2022 were Finland (1,081 units per million persons), Austria (905 units per million persons) and Turkey (754 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Brazil (with a CAGR of +35.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Machinery For Making Paper Or Paperboard

Global paper machinery production fell modestly to 363K units in 2022, shrinking by -4.7% against 2021 figures. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 1.8%. Over the period under review, global production hit record highs at 415K units in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, paper machinery production surged to $3.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Global production peaked at $3.3B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (68K units), Germany (54K units) and Sweden (48K units), together comprising 47% of global production. Finland, Italy, France, the UK, Taiwan (Chinese), Brazil, South Korea, Austria, Australia and Japan lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by France (with a CAGR of +5.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Machinery For Making Paper Or Paperboard

In 2022, approx. 162K units of machinery for making paper or paperboard were imported worldwide; surging by 3.3% on 2021 figures. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 47% against the previous year. Global imports peaked at 191K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, paper machinery imports shrank modestly to $909M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 31%. Global imports peaked at $1.3B in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports By Country

Turkey was the key importer of machinery for making paper or paperboard in the world, with the volume of imports resulting at 65K units, which was approx. 40% of total imports in 2022. Iran (15K units) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (8.6%) and Germany (7.8%). The following importers - Indonesia (5.1K units), Mexico (4.8K units), Nigeria (4.4K units), Russia (3.9K units) and Sweden (3.8K units) - together made up 14% of total imports.

Imports into Turkey increased at an average annual rate of +26.7% from 2012 to 2022. At the same time, Nigeria (+65.2%), Iran (+35.1%), Sweden (+27.6%), Germany (+26.5%), Bangladesh (+20.8%) and Mexico (+13.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +65.2% from 2012-2022. By contrast, Russia (-3.5%) and Indonesia (-7.2%) illustrated a downward trend over the same period. Turkey (+34 p.p.), Iran (+8.5 p.p.), Germany (+6.7 p.p.), Bangladesh (+6.6 p.p.), Nigeria (+2.7 p.p.), Sweden (+2.1 p.p.) and Mexico (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Russia and Indonesia saw its share reduced by -2.9% and -7.1% from 2012 to 2022, respectively.

In value terms, Turkey ($193M) constitutes the largest market for imported machinery for making paper or paperboard worldwide, comprising 21% of global imports. The second position in the ranking was taken by Germany ($87M), with a 9.6% share of global imports. It was followed by Indonesia, with a 6.1% share.

In Turkey, paper machinery imports increased at an average annual rate of +12.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+8.6% per year) and Indonesia (-9.3% per year).

Import Prices By Country

In 2022, the average paper machinery import price amounted to $5,616 per unit, waning by -6% against the previous year. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in 2014 when the average import price increased by 14%. Global import price peaked at $9,222 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($10,942 per unit), while Bangladesh ($1,812 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.7%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Machinery For Making Paper Or Paperboard

In 2022, overseas shipments of machinery for making paper or paperboard increased by 26% to 180K units, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 62% against the previous year. As a result, the exports reached the peak of 205K units. From 2019 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, paper machinery exports expanded markedly to $1.2B in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 30%. As a result, the exports reached the peak of $1.2B; afterwards, it flattened through to 2022.

Exports By Country

In 2022, Sweden (51K units), distantly followed by Germany (33K units), Italy (25K units), Finland (23K units), China (21K units) and France (8.2K units) were the largest exporters of machinery for making paper or paperboard, together making up 89% of total exports. Spain (2.9K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest paper machinery supplying countries worldwide were Finland ($348M), Germany ($265M) and Italy ($220M), together comprising 71% of global exports. China, Sweden, France and Spain lagged somewhat behind, together comprising a further 19%.

In terms of the main exporting countries, China, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average paper machinery export price amounted to $6,473 per unit, reducing by -14.2% against the previous year. Overall, the export price showed a perceptible setback. The growth pace was the most rapid in 2014 when the average export price increased by 48%. The global export price peaked at $9,484 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($15,047 per unit), while Spain ($1,216 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform