Eastern Asia: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Eastern Asia

The East Asian market for wood boxes, crates and cable drums declined to $X in 2022, falling by X% against the previous year. In general, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wood Boxes, Crates and Cable Drums in Eastern Asia

In value terms, wood box and cable drum production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Wood Boxes, Crates and Cable Drums

Exports in Eastern Asia

In 2022, shipments abroad of wood boxes, crates and cable drums increased by X% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a slight increase 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 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, wood box and cable drum exports surged to $X in 2022. Total exports indicated a perceptible 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, China (X units) represented the key exporter of wood boxes, crates and cable drums, mixing up X% of total exports. It was distantly followed by Hong Kong SAR (X units), generating a X% share of total exports. Taiwan (Chinese) (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood box and cable drum exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wood box and cable drum supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, wood box and cable drum exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Export price indicated a slight increase 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, wood box and cable drum export price increased by X% against 2018 indices. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Boxes, Crates and Cable Drums

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of wood boxes, crates and cable drums, when their volume decreased by X% to X units. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wood box and cable drum imports fell slightly to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

South Korea (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units), Japan (X units) and China (X units) represented roughly X% of total imports in 2022.

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

In value terms, South Korea ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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