China: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in China

The Chinese corrugated paper box market totaled $X in 2022, rising by X% against the previous year. In general, consumption posted buoyant growth. Corrugated paper box consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Corrugated Paper Box Production in China

In value terms, corrugated paper box production reached $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Corrugated paper box production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Corrugated Paper Box Exports

Exports from China

After five years of growth, overseas shipments of cartons, boxes and cases of corrugated paper or paperboard decreased by X% to X tons in 2022. The total export 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 pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, corrugated paper box exports stood at $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Hong Kong SAR (X tons) and Vietnam (X tons) were the main destinations of corrugated paper box exports from China, together accounting for X% of total exports. Australia, Thailand, Indonesia, Singapore, the Philippines, Japan, Lao People's Democratic Republic, Taiwan (Chinese), Canada and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for cartons, boxes and cases of corrugated paper or paperboard exports from China, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average corrugated paper box export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price 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, corrugated paper box export price increased by X% against 2016 indices. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports into China

In 2022, the amount of cartons, boxes and cases of corrugated paper or paperboard imported into China shrank dramatically to X tons, with a decrease of X% on the previous year. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, corrugated paper box imports dropped markedly to $X in 2022. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of corrugated paper box imports to China, together accounting for X% of total imports. Vietnam, Germany, the United States, Switzerland, Italy, Sweden, Canada, France, the United Arab Emirates and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), the United States ($X) and Italy ($X) were the largest corrugated paper box suppliers to China, with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average corrugated paper box import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price 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, corrugated paper box import price increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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