Vietnam: Wrapping Papers Market Overview 2021

Wrapping Papers Market Size in Vietnam

In 2020, after two years of growth, there was significant decline in the Vietnamese wrapping papers market, when its value decreased by -X% to $X. Over the period under review, consumption recorded a abrupt descent. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Wrapping Papers Exports

Exports from Vietnam

In 2020, shipments abroad of wrapping paper, packaging paper and paperboard increased by X% to X tonnes, rising for the seventh year in a row after three years of decline. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, wrapping papers exports surged to $X in 2020. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the near future.

Exports by Country

China (X tonnes) was the main destination for wrapping papers exports from Viet Nam, with a X% share of total exports. It was followed by Taiwan (Chinese) (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to China amounted to +X%.

In value terms, China ($X) remains the key foreign market for wrapping papers exports from Viet Nam, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to China stood at +X%.

Export Prices by Country

The average wrapping papers export price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to China stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese).

Wrapping Papers Imports

Imports into Vietnam

In 2020, after three years of growth, there was significant decline in purchases abroad of wrapping paper, packaging paper and paperboard, when their volume decreased by -X% to X tonnes. Over the period under review, total imports indicated a modest expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes, and then fell rapidly in the following year.

In value terms, wrapping papers imports dropped sharply to $X in 2020. In general, total imports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2019, and then reduced markedly in the following year.

Imports by Country

Japan (X tonnes), China (X tonnes) and Russia (X tonnes) were the main suppliers of wrapping papers imports to Viet Nam, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Japan, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wrapping papers suppliers to Viet Nam were China ($X), Japan ($X) and Singapore ($X), with a combined X% share of total imports.

China recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wrapping papers import price stood at $X per tonne in 2020, approximately reflecting the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2019, and then dropped slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Japan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wrapping paper, packaging paper and paperboard in the world?

+

The country with the largest volume of wrapping papers consumption was China (7.7M tonnes), accounting for 38% of total volume. Moreover, wrapping papers consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2M tonnes), fourfold. Italy (721K tonnes) ranked third in terms of total consumption with a 3.6% share.

What are the largest producers of wrapping paper, packaging paper and paperboard in the world?

+

China (7.1M tonnes) remains the largest wrapping papers producing country worldwide, accounting for 36% of total volume. Moreover, wrapping papers production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.5M tonnes), threefold. Sweden (968K tonnes) ranked third in terms of total production with a 5% share.

What are the leading suppliers of wrapping paper, packaging paper and paperboard to Vietnam?

+

In value terms, the largest wrapping papers suppliers to Viet Nam were China ($27M), Japan ($16M) and Singapore ($8.3M), with a combined 54% share of total imports.

What are the leading importers of wrapping paper, packaging paper and paperboard from Vietnam?

+

In value terms, China ($27M) remains the key foreign market for wrapping papers exports from Viet Nam, comprising 66% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($4.7M), with a 11% share of total exports.

What is the average export price for wrapping paper, packaging paper and paperboard in Vietnam?

+

In 2020, the average wrapping papers export price amounted to $713 per tonne, declining by -33.2% against the previous year.

What is the average import price for wrapping paper, packaging paper and paperboard in Vietnam?

+

The average wrapping papers import price stood at $1,161 per tonne in 2020, stabilizing at the previous year.