China: Wrapping Papers Market 2022

Wrapping Papers Market Size in China

In 2021, the Chinese wrapping papers market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2013 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced modestly in the following year.

Wrapping Papers Production in China

In value terms, wrapping papers production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated measured growth 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 2013 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Wrapping papers production peaked at $X in 2020, and then declined slightly in the following year.

Wrapping Papers Exports

Exports from China

In 2021, shipments abroad of wrapping paper, packaging paper and paperboard was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. 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 most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, wrapping papers exports totaled $X in 2021. Over the period under review, total exports indicated a prominent 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, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), Vietnam (X tons) and South Korea (X tons) were the main destinations of wrapping papers exports from China, together accounting for X% of total exports. India, Colombia, Malaysia, Taiwan (Chinese), Thailand, Japan, Cambodia, Bangladesh, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wrapping papers exported from China were Vietnam ($X), Malaysia ($X) and South Korea ($X), with a combined X% share of total exports. These countries were followed by India, Brazil, Thailand, Japan, Taiwan (Chinese), Bangladesh, Cambodia, Colombia, Hong Kong SAR and the United Arab Emirates, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 2021, leveling off at the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wrapping papers export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2020, and then dropped modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into China

In 2021, approx. X tons of wrapping paper, packaging paper and paperboard were imported into China; which is down by -X% compared with 2020 figures. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, wrapping papers imports amounted to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Russia (X tons), Canada (X tons) and Vietnam (X tons) were the main suppliers of wrapping papers imports to China, together comprising X% of total imports.

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

In value terms, the largest wrapping papers suppliers to China were Russia ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports. These countries were followed by Sweden, Canada, Taiwan (Chinese), Vietnam, South Korea, France, Malaysia, Indonesia and India, which together accounted for a further X the main suppliers, Vietnam, with a CAGR of +X%, saw the highest growth rate of 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 average wrapping papers import price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :