Eastern Asia: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Eastern Asia

The East Asian finishing paper machinery market contracted modestly to $X.9B in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the market reached the peak level at $X.1B in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Finishing Paper Machinery Production in Eastern Asia

In value terms, finishing paper machinery production contracted slightly to $X.3B in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X.1B in 2015; however, from 2016 to 2022, production remained at a lower figure.

Finishing Paper Machinery Exports

Exports in Eastern Asia

In 2022, finishing paper machinery exports in Eastern Asia reduced to X units, which is down by X% compared with 2021 figures. Over the period under review, exports, however, saw pronounced growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, finishing paper machinery exports dropped to $X in 2022. Total exports indicated measured growth 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 pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

China represented the key exporting country with an export of about X units, which resulted at X% of total exports. Taiwan (Chinese) (X units) held the second position in the ranking, distantly followed by Japan (X units). All these countries together took approx. X% share of total exports. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machinery for finishing paper or paperboard exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest finishing paper machinery supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, finishing paper machinery exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

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

Finishing Paper Machinery Imports

Imports in Eastern Asia

In 2022, purchases abroad of machinery for finishing paper or paperboard increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, finishing paper machinery imports expanded rapidly to $X in 2022. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and South Korea (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 Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest finishing paper machinery importing markets in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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