Asia: Wrapping Papers Market 2022

Wrapping Papers Market Size in Asia

In 2021, the Asian wrapping papers market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then dropped slightly in the following year.

Wrapping Papers Production in Asia

In value terms, wrapping papers production fell modestly to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Wrapping Papers Exports

Exports in Asia

In 2021, wrapping papers exports in Asia stood at X tons, with an increase of X% compared with the previous year. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, wrapping papers exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Japan (X tons), India (X tons) and China (X tons) represented roughly X% of total exports in 2021. Taiwan (Chinese) (X tons) ranks next in terms of the total exports with a X% share, followed by South Korea (X%), Indonesia (X%) and Thailand (X%).

From 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

Among the main exporting countries, India, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, 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 ton in 2021, growing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced a decline in the export price figures.

Wrapping Papers Imports

Imports in Asia

Wrapping papers imports reached X tons in 2021, growing by X% compared with the year before. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, wrapping papers imports stood at $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

China represented the largest importer of wrapping paper, packaging paper and paperboard in Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2021. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%), South Korea (X%), Indonesia (X%) and Malaysia (X%). Thailand (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Saudi Arabia (X tons), Pakistan (X tons), the United Arab Emirates (X tons) and Singapore (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the wrapping paper, packaging paper and paperboard imports, with a CAGR of +X% from 2012 to 2021. At the same time, Turkey (+X%), Vietnam (+X%), India (+X%), the United Arab Emirates (+X%), Pakistan (+X%), South Korea (+X%), Taiwan (Chinese) (+X%), Saudi Arabia (+X%) and Thailand (+X%) displayed positive paces of growth. By contrast, Malaysia (-X%), Indonesia (-X%) and Singapore (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Turkey and India increased by +X, +X and +X percentage points, respectively. Malaysia (-X p.p.), Indonesia (-X p.p.) and Singapore (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported wrapping paper, packaging paper and paperboard in Asia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports. It was followed by India, with a X% share.

In China, wrapping papers imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and India (+X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, rising by X% against the previous year. In general, the import price, however, saw a slight decline. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in South Korea ($X per ton) and Vietnam ($X per ton), while China ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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