China: Wrapping Papers Market 2024

Wrapping Papers Market Size in China

The Chinese wrapping papers market fell slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Wrapping papers consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wrapping Papers Production in China

In value terms, wrapping papers production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Wrapping papers production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Wrapping Papers Exports

Exports from China

In 2022, approx. X tons of wrapping paper, packaging paper and paperboard were exported from China; surging by X% on 2021 figures. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume 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 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, wrapping papers exports soared to $X in 2022. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), India (X tons) and Colombia (X tons) were the main destinations of wrapping papers exports from China, with a combined X% share of total exports.

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

In value terms, Vietnam ($X), India ($X) and Malaysia ($X) constituted the largest markets for wrapping papers exported from China worldwide, with a combined X% share of total exports. Brazil, South Korea, Mexico, Colombia, Japan, Thailand, Indonesia, the United Arab Emirates, Poland and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Colombia, with a CAGR of X%, recorded the highest growth rate of 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 average wrapping papers export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Germany ($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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into China

Wrapping papers imports into China fell sharply to X tons in 2022, which is down by X% on the previous year's figure. In general, imports, however, saw a perceptible increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wrapping papers imports fell markedly to $X in 2022. Overall, total imports indicated a notable increase 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. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of wrapping papers to China, with a X% share of total imports. Moreover, wrapping papers imports from Russia exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest wrapping papers suppliers to China were Russia ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. Sweden, France, the United States, Malaysia, South Korea, Finland, Vietnam, Canada and New Zealand lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded 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

In 2022, the average wrapping papers import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a mild decline. Over the period under review, average import prices attained the maximum at $X per ton 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 supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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