South-Eastern Asia: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in South-Eastern Asia

The Southeast Asian uncoated felt paper market declined significantly to $X in 2022, waning by -45.6% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Uncoated Felt Paper Production in South-Eastern Asia

In value terms, uncoated felt paper production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 11%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Uncoated Felt Paper Exports

Exports in South-Eastern Asia

In 2022, the amount of uncoated felt paper and paperboard exported in South-Eastern Asia reduced to X tons, shrinking by -13.6% on the previous year's figure. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.0% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 38%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, uncoated felt paper exports reached $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 39% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Indonesia (X tons), together reaching 100% of total export.

Indonesia was also the fastest-growing in terms of the uncoated felt paper and paperboard exports, with a CAGR of +2.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) also remains the largest uncoated felt paper supplier in South-Eastern Asia.

In Indonesia, uncoated felt paper exports increased at an average annual rate of +8.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by 25% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper export price increased by +57.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 26%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +6.0% per year.

Uncoated Felt Paper Imports

Imports in South-Eastern Asia

Uncoated felt paper imports fell markedly to X tons in 2022, shrinking by -79.9% against 2021. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, uncoated felt paper imports contracted notably to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Vietnam prevails in imports structure, finishing at X tons, which was near 91% of total imports in 2022. It was distantly followed by Indonesia (X tons), constituting a 7.3% share of total imports.

Imports into Vietnam decreased at an average annual rate of -2.7% from 2012 to 2022. At the same time, Indonesia (+2.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +2.6% from 2012-2022. Vietnam (+9.9 p.p.) and Indonesia (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported uncoated felt paper and paperboard in South-Eastern Asia, comprising 91% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 6.7% share of total imports.

In Vietnam, uncoated felt paper imports expanded at an average annual rate of +13.7% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by 289% against the previous year. In general, the import price showed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.8%).

Source: IndexBox Platform

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