ASEAN: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in ASEAN

The ASEAN finishing paper machinery market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Finishing Paper Machinery Production in ASEAN

In value terms, finishing paper machinery production shrank to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Finishing Paper Machinery Exports

Exports in ASEAN

In 2022, approx. X units of machinery for finishing paper or paperboard were exported in ASEAN; which is down by X% compared with 2021. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, finishing paper machinery exports reached $X in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X units) was the largest exporter of machinery for finishing paper or paperboard, creating X% of total exports. Singapore (X units) ranks second in terms of the total exports with an X% share, followed by Malaysia (X%). Vietnam (X units) and Indonesia (X units) held a little share of total exports.

Thailand was also the fastest-growing in terms of the machinery for finishing paper or paperboard exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Vietnam (X%), Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Vietnam and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Finishing Paper Machinery Imports

Imports in ASEAN

In 2022, imports of machinery for finishing paper or paperboard in ASEAN stood at X units, with an increase of X% compared with 2021 figures. Over the period under review, imports posted a measured expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, finishing paper machinery imports amounted to $X in 2022. In general, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam was the largest importer of machinery for finishing paper or paperboard in ASEAN, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Malaysia (X units) took the second position in the ranking, followed by Indonesia (X units), Thailand (X units) and Singapore (X units). All these countries together held near X% share of total imports.

Vietnam was also the fastest-growing in terms of the machinery for finishing paper or paperboard imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported machinery for finishing paper or paperboard in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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