Eastern Asia: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in Eastern Asia

The East Asian semi-chemical fluting market totaled $X in 2021, surging by 7.1% against the previous year. Over the period under review, consumption, however, recorded a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Semi-Chemical Fluting Production in Eastern Asia

In value terms, semi-chemical fluting production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by 22%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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Semi-Chemical Fluting Exports

Exports in Eastern Asia

After two years of growth, shipments abroad of semi-chemical fluting decreased by -14.6% to X tons in 2021. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 220% against the previous year. The volume of export peaked at X tons in 2020, and then dropped in the following year.

In value terms, semi-chemical fluting exports surged to $X in 2021. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2019 with an increase of 175% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

South Korea dominates exports structure, recording X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), generating a 4.6% share of total exports. Japan (X tons) held a little share of total exports.

South Korea was also the fastest-growing in terms of the semi-chemical fluting exports, with a CAGR of +31.9% from 2012 to 2021. At the same time, Taiwan (Chinese) (+17.3%) and Japan (+3.5%) displayed positive paces of growth. From 2012 to 2021, the share of South Korea increased by +22 percentage points.

In value terms, South Korea ($X) remains the largest semi-chemical fluting supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Korea totaled +33.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+16.5% per year) and Japan (+0.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, jumping by 35% against the previous year. In general, the export price recorded a slight increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other leaders experienced a decline in the export price figures.

Semi-Chemical Fluting Imports

Imports in Eastern Asia

In 2021, approx. X tons of semi-chemical fluting were imported in Eastern Asia; which is down by -17.2% on the previous year's figure. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 459% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, semi-chemical fluting imports rose significantly to $X in 2021. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 406% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China was the major importer of semi-chemical fluting in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 76% of total imports in 2021. South Korea (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together took near 23% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to semi-chemical fluting imports into China stood at +6.5%. At the same time, South Korea (+12.5%) and Taiwan (Chinese) (+2.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +12.5% from 2012-2021. South Korea (+6.7 p.p.) significantly strengthened its position in terms of the total imports, while China and Taiwan (Chinese) saw its share reduced by -2.2% and -2.4% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported semi-chemical fluting in Eastern Asia, comprising 77% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports.

In China, semi-chemical fluting imports increased at an average annual rate of +9.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+11.0% per year) and Taiwan (Chinese) (+3.6% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, picking up by 27% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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