Asia-Pacific: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Asia-Pacific

In 2022, the Asia-Pacific uncoated felt paper market decreased by -20.4% to $X for the first time since 2018, thus ending a three-year rising trend. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +29.2% against 2018 indices. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Uncoated Felt Paper Production in Asia-Pacific

In value terms, uncoated felt paper production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 4.2%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Uncoated Felt Paper Exports

Exports in Asia-Pacific

In 2022, approx. X tons of uncoated felt paper and paperboard were exported in Asia-Pacific; dropping by -13.7% against 2021 figures. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 36%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, uncoated felt paper exports expanded sharply to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Indonesia (X tons), together recording 99% of total export.

Indonesia was also the fastest-growing in terms of the uncoated felt paper and paperboard exports, with a CAGR of +2.5% from 2012 to 2022. From 2012 to 2022, the share of Indonesia increased by +4.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) also remains the largest uncoated felt paper supplier in Asia-Pacific.

In Indonesia, uncoated felt paper exports expanded at an average annual rate of +8.7% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by 23% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +6.0% per year.

Uncoated Felt Paper Imports

Imports in Asia-Pacific

In 2022, approx. X tons of uncoated felt paper and paperboard were imported in Asia-Pacific; with a decrease of -70% on the previous year. Overall, imports recorded a slight descent. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, uncoated felt paper imports fell remarkably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, Vietnam (X tons) was the main importer of uncoated felt paper and paperboard, making up 53% of total imports. Pakistan (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Australia (12%), China (6.4%) and Taiwan (Chinese) (5.3%). The following importers - Indonesia (X tons) and Japan (X tons) - together made up 6.2% of total imports.

From 2012 to 2022, average annual rates of growth with regard to uncoated felt paper imports into Vietnam stood at -2.7%. At the same time, Australia (+137.8%), Pakistan (+71.2%), Taiwan (Chinese) (+31.4%) and Indonesia (+2.6%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +137.8% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, China (-4.2%) illustrated a downward trend over the same period. While the share of Pakistan (+14 p.p.), Australia (+12 p.p.) and Taiwan (Chinese) (+5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-2 p.p.) and Vietnam (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported uncoated felt paper and paperboard in Asia-Pacific, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by Australia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +13.7%. The remaining importing countries recorded the following average annual rates of imports growth: China (-7.8% per year) and Australia (+107.6% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by 174% against the previous year. Overall, the import price enjoyed a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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