Asia: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in Asia

The Asian corrugated paper box market contracted to $X in 2022, remaining stable against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Corrugated Paper Box Production in Asia

In value terms, corrugated paper box production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Corrugated Paper Box Exports

Exports in Asia

In 2022, after five years of growth, there was decline in shipments abroad of cartons, boxes and cases of corrugated paper or paperboard, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period 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 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, corrugated paper box exports reached $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China was the key exporting country with an export of around X tons, which reached X% of total exports. Turkey (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Bangladesh (X tons). All these countries together took near X% share of total exports. The following exporters - Malaysia (X tons), Vietnam (X tons), India (X tons), South Korea (X tons), Saudi Arabia (X tons) and Singapore (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Turkey (X%), the United Arab Emirates (X%), Vietnam (X%), South Korea (X%), Malaysia (X%) and India (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Bangladesh and the United Arab Emirates increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest corrugated paper box supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In China, corrugated paper box exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, corrugated paper box export price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Corrugated Paper Box Imports

Imports in Asia

After ten years of growth, overseas purchases of cartons, boxes and cases of corrugated paper or paperboard decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% 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 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell slightly in the following year.

In value terms, corrugated paper box imports shrank to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Iraq (X tons) and Hong Kong SAR (X tons) represented the largest importers of cartons, boxes and cases of corrugated paper or paperboard in Asia, together committing X% of total imports. It was distantly followed by Cambodia (X tons), Vietnam (X tons), Indonesia (X tons) and Singapore (X tons), together mixing up a X% share of total imports. Thailand (X tons), Malaysia (X tons), Lao People's Democratic Republic (X tons), the Philippines (X tons), the United Arab Emirates (X tons), Oman (X tons) and Saudi Arabia (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest corrugated paper box importing markets in Asia were Iraq ($X), Vietnam ($X) and Hong Kong SAR ($X), together comprising X% of total imports. Indonesia, Thailand, Singapore, Malaysia, the Philippines, Cambodia, the United Arab Emirates, Saudi Arabia, Oman and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw the highest growth rate of 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

The import price in Asia stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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