South-Eastern Asia: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in South-Eastern Asia

In 2022, the Southeast Asian paperboard case material market increased by 15% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Paperboard Case Material Production in South-Eastern Asia

In value terms, paperboard case material production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Paperboard Case Material Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of paperboard case materials decreased by -33% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 57% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, paperboard case material exports dropped significantly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 68% against the previous year. The level of export peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

In 2022, Indonesia (X tons) was the main exporter of paperboard case materials, constituting 50% of total exports. It was distantly followed by Thailand (X tons), Vietnam (X tons) and Malaysia (X tons), together making up a 48% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to paperboard case material exports from Indonesia stood at +12.4%. At the same time, Vietnam (+13.3%) and Malaysia (+3.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +13.3% from 2012-2022. Thailand experienced a relatively flat trend pattern. While the share of Indonesia (+19 p.p.) and Vietnam (+7.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-3.9 p.p.) and Thailand (-22.7 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest paperboard case material supplier in South-Eastern Asia, comprising 50% of total exports. The second position in the ranking was held by Thailand ($X), with a 21% share of total exports. It was followed by Vietnam, with a 17% share.

In Indonesia, paperboard case material exports increased at an average annual rate of +13.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+0.1% per year) and Vietnam (+8.8% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by 10% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 33%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Indonesia ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the other leaders experienced more modest paces of growth.

Paperboard Case Material Imports

Imports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in overseas purchases of paperboard case materials, when their volume increased by 9.2% to X tons. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 31%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, paperboard case material imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by Vietnam (X tons), the Philippines (X tons), Thailand (X tons), Indonesia (X tons), Cambodia (X tons) and Singapore (X tons) were the largest importers of paperboard case materials, together achieving 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. Thailand, Indonesia, Cambodia and Singapore lagged somewhat behind, together accounting for a further 37%.

Among the main importing countries, Thailand, with a CAGR of +15.5%, recorded the highest rates of growth with regard to 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -2.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 25%. As a result, import price attained the peak level of $X per ton, and then fell modestly in the following year.

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 the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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