South-Eastern Asia: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in South-Eastern Asia

The Southeast Asian paper bag machine market shrank to $X.7B in 2022, reducing by X% against the previous year. Overall, consumption, however, posted a remarkable increase. Over the period under review, the market hit record highs at $X.9B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Paper Bag Machine Production in South-Eastern Asia

In value terms, paper bag machine production reduced to $X.9B in 2022 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Paper Bag Machine Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of machines for making bags, sacks or envelopes of paper or paperboard increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, showed a slight descent. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, paper bag machine exports rose rapidly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of machines for making bags, sacks or envelopes of paper or paperboard, namely Singapore, Malaysia and Thailand, represented more than two-thirds of total export. It was distantly followed by Vietnam (X units), committing a X% share of total exports. The following exporters - Indonesia (X units) and the Philippines (X units) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest paper bag machine supplying countries in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Vietnam ($X), together accounting for X% of total exports. The Philippines, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Paper Bag Machine Imports

Imports in South-Eastern Asia

In 2022, the amount of machines for making bags, sacks or envelopes of paper or paperboard imported in South-Eastern Asia soared to X units, with an increase of X% compared with the previous year's figure. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper bag machine imports dropped remarkably to $X in 2022. Overall, imports, however, showed a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

The purchases of the one major importers of machines for making bags, sacks or envelopes of paper or paperboard, namely Thailand, represented more than two-thirds of total import.

Thailand was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Thailand increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported machines for making bags, sacks or envelopes of paper or paperboard in South-Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a sharp reduction. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

Source: IndexBox Platform

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