Asia: Market for Packing Cases, Boxes And Similar Packings 2024

Market Size for Packing Cases, Boxes And Similar Packings in Asia

The Asian wooden case and box market rose slightly to $X.6B in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X.5B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Packing Cases, Boxes And Similar Packings in Asia

In value terms, wooden case and box production expanded to $X.6B in 2022 estimated in export price. The total output value 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 2019 with an increase of X% against the previous year. The level of production peaked at $X.4B in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Packing Cases, Boxes And Similar Packings

Exports in Asia

For the fourth year in a row, Asia recorded growth in overseas shipments of packing cases, boxes and similar packings, which increased by X% to X units in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wooden case and box exports surged to $X in 2022. Total exports indicated a prominent expansion 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 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X units), distantly followed by Malaysia (X units), Turkey (X units), Taiwan (Chinese) (X units) and the United Arab Emirates (X units) represented the largest exporters of packing cases, boxes and similar packings, together creating X% of total exports. The following exporters - India (X units), Hong Kong SAR (X units), Palestine (X units), Bahrain (X units), South Korea (X units), Vietnam (X units), Thailand (X units) and Singapore (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The United Arab Emirates, Vietnam, Taiwan (Chinese), Bahrain, South Korea, Palestine, Thailand, India, Singapore and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Vietnam ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Imports of Packing Cases, Boxes And Similar Packings

Imports in Asia

Wooden case and box imports amounted to X units in 2022, picking up by X% compared with the year before. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden case and box imports surged to $X in 2022. Total imports 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, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Singapore (X units) and Malaysia (X units) were the major importers of packing cases, boxes and similar packings in Asia, together resulting at approx. X% of total imports. Oman (X units) held the next position in the ranking, followed by Taiwan (Chinese) (X units), Japan (X units) and China (X units). All these countries together took approx. X% share of total imports. India (X units), Hong Kong SAR (X units), the Philippines (X units), the United Arab Emirates (X units), Iraq (X units), Thailand (X units) and South Korea (X units) followed a long way behind the leaders.

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

In value terms, the largest wooden case and box importing markets in Asia were Singapore ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports. China, Taiwan (Chinese), Oman, India, Hong Kong SAR, Malaysia, the Philippines, Thailand, the United Arab Emirates and Iraq lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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 stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 South Korea ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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