Asia-Pacific: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Asia-Pacific

In 2022, the Asia-Pacific paper sack and bag market decreased by X% to $X, falling for the third consecutive year after four years of growth. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Paper Sacks And Bags in Asia-Pacific

In value terms, paper sack and bag production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Exports of Paper Sacks And Bags

Exports in Asia-Pacific

In 2022, the amount of paper sacks and bags exported in Asia-Pacific expanded markedly to X tons, rising by X% compared with 2021. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, paper sack and bag exports soared to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%). Malaysia (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and Australia (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Vietnam (X%), Australia (X%), Taiwan (Chinese) (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. While the share of India (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.), Indonesia (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper sack and bag supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, paper sack and bag exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Imports of Paper Sacks And Bags

Imports in Asia-Pacific

In 2022, paper sack and bag imports in Asia-Pacific rose sharply to X tons, with an increase of X% on the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, paper sack and bag imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons), distantly followed by Japan (X tons), Indonesia (X tons), South Korea (X tons), Malaysia (X tons), New Zealand (X tons), Hong Kong SAR (X tons) and Singapore (X tons) were the main importers of paper sacks and bags, together generating X% of total imports. Taiwan (Chinese) (X tons), Thailand (X tons), the Philippines (X tons), China (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper sack and bag importing markets in Asia-Pacific were Australia ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. Indonesia, New Zealand, Hong Kong SAR, Singapore, Malaysia, Taiwan (Chinese), China, Thailand, the Philippines and India lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Indonesia, with a CAGR of X%, 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

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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