South-Eastern Asia: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in South-Eastern Asia

In 2023, the Southeast Asian paper bag machine market decreased by X% to $X, falling for the second consecutive year after six years of growth. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Paper Bag Machine Production in South-Eastern Asia

In value terms, paper bag machine production dropped modestly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Paper Bag Machine Exports

Exports in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of machines for making bags, sacks or envelopes of paper or paperboard, when their volume decreased by X% to X units. Over the period under review, exports saw a noticeable decline. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2022, and then shrank markedly in the following year.

In value terms, paper bag machine exports contracted dramatically to $X in 2023. In general, exports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of machines for making bags, sacks or envelopes of paper or paperboard, namely Singapore, Indonesia, Vietnam and Malaysia, represented more than two-thirds of total export. The following exporters - the Philippines (X units) and Thailand (X units) - each accounted for an X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. The Philippines, Indonesia and Thailand lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, showed a noticeable decline. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Paper Bag Machine Imports

Imports in South-Eastern Asia

In 2023, purchases abroad of machines for making bags, sacks or envelopes of paper or paperboard decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, paper bag machine imports reached $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Vietnam (X units), distantly followed by Thailand (X units), Indonesia (X units) and Malaysia (X units) were the main importers of machines for making bags, sacks or envelopes of paper or paperboard, together mixing up X% of total imports. The following importers - Cambodia (X units) and the Philippines (X units) - each finished at an X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper bag machine importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 South-Eastern Asia stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, 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