ASEAN: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in ASEAN

The ASEAN uncoated felt paper market reduced remarkably to $X in 2022, with a decrease of -45.6% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Uncoated Felt Paper Production in ASEAN

In value terms, uncoated felt paper production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded 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 ASEAN

In 2022, exports of uncoated felt paper and paperboard in ASEAN shrank to X tons, with a decrease of -13.6% compared with the previous year's figure. Total exports indicated tangible growth 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 most prominent rate of growth was recorded in 2018 with an increase of 38%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, uncoated felt paper exports amounted to $X in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from Indonesia (X tons), together amounting to 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 ASEAN.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +8.7%.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, picking up by 25% against the previous year. Export price indicated a resilient increase 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 pace of growth was the most pronounced in 2021 an increase of 26%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 ASEAN

In 2022, approx. X tons of uncoated felt paper and paperboard were imported in ASEAN; declining by -79.9% on the previous year's figure. Overall, imports showed a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, uncoated felt paper imports contracted rapidly to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

Vietnam prevails in imports structure, amounting to X tons, which was near 91% of total imports in 2022. It was distantly followed by Indonesia (X tons), mixing up a 7.3% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to uncoated felt paper imports into Vietnam stood at -2.7%. At the same time, Indonesia (+2.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, 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 ($X) constitutes the largest market for imported uncoated felt paper and paperboard in ASEAN, comprising 91% of total imports. The second position in the ranking was held by Indonesia ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at +13.7%.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, increasing by 289% against the previous year. Over the period under review, the import price posted a remarkable increase. As a result, import price reached 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 totaled $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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