Eastern Asia: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Eastern Asia

After three years of growth, the East Asian uncoated felt paper market decreased by -1.8% to $X in 2022. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +136.3% against 2018 indices. The level of consumption peaked at $X in 2021, and then fell modestly in the following year.

Uncoated Felt Paper Production in Eastern Asia

In value terms, uncoated felt paper production totaled $X in 2022 estimated in export price. In general, production continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 3.9%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Uncoated Felt Paper Exports

Exports in Eastern Asia

In 2022, the amount of uncoated felt paper and paperboard exported in Eastern Asia dropped rapidly to X tons, with a decrease of -22.7% on the year before. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 26%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, uncoated felt paper exports shrank notably to $X in 2022. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) and Japan (X tons) represented roughly 75% of total exports in 2022. South Korea (X tons) ranks next in terms of the total exports with a 10% share, followed by China (9.7%) and Hong Kong SAR (4.9%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest uncoated felt paper supplier in Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by China, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled -27.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-7.1% per year) and China (-4.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, reducing by -9% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 21%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.5%), while the other leaders experienced mixed trends in the export price figures.

Uncoated Felt Paper Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas purchases of uncoated felt paper and paperboard, when their volume decreased by -15.3% to X tons. In general, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 45%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, uncoated felt paper imports dropped markedly to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 30%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) and Taiwan (Chinese) (X tons) represented the main importers of uncoated felt paper and paperboard in Eastern Asia, together reaching approx. 83% of total imports. It was distantly followed by Japan (X tons), mixing up a 14% share of total imports. South Korea (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +31.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported uncoated felt paper and paperboard in Eastern Asia, comprising 74% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by South Korea, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -7.8%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+37.0% per year) and South Korea (-20.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, shrinking by -3.6% against the previous year. Over the period under review, the import price showed a pronounced contraction. The growth pace was the most rapid in 2018 when the import price increased by 60% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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