Asia: Uncoated Felt Paper Market 2023

Uncoated Felt Paper Market Size in Asia

In 2022, the Asian uncoated felt paper market decreased by -16% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Uncoated Felt Paper Production in Asia

In value terms, uncoated felt paper production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 4.2%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Uncoated Felt Paper Exports

Exports in Asia

In 2022, shipments abroad of uncoated felt paper and paperboard decreased by -14.6% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 32% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, uncoated felt paper exports expanded modestly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia prevails in exports structure, reaching X tons, which was near 94% of total exports in 2022. Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to uncoated felt paper exports from Indonesia stood at +2.5%. At the same time, Saudi Arabia (+9.0%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +9.0% from 2012-2022. From 2012 to 2022, the share of Indonesia and Saudi Arabia increased by +5.4 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest uncoated felt paper supplier in Asia, comprising 91% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 4.1% share of total exports.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 20% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 21%. 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.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.0%).

Uncoated Felt Paper Imports

Imports in Asia

In 2022, imports of uncoated felt paper and paperboard in Asia fell rapidly to X tons, with a decrease of -60% on 2021 figures. In general, imports saw a mild descent. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, uncoated felt paper imports reduced notably to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Vietnam represented the main importing country with an import of about X tons, which finished at 35% of total imports. It was distantly followed by Mongolia (X tons), Pakistan (X tons), the United Arab Emirates (X tons) and Bahrain (X tons), together making up a 40% share of total imports. China (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Palestine (X tons), Kazakhstan (X tons) and Yemen (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bahrain (with a CAGR of +90.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported uncoated felt paper and paperboard in Asia, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with a 6% share.

In Vietnam, uncoated felt paper imports expanded at an average annual rate of +13.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (-7.8% per year) and Taiwan (Chinese) (+37.0% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by 110% against the previous year. Over the period under review, the import price enjoyed a modest increase. As a result, import price attained 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 ($X per ton), while Kazakhstan ($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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