ASEAN: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in ASEAN

In 2022, the ASEAN paperboard case material market increased by 15% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Paperboard Case Material Production in ASEAN

In value terms, paperboard case material production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Paperboard Case Material Exports

Exports in ASEAN

In 2022, overseas shipments of paperboard case materials decreased by -33% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 57%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, paperboard case material exports fell dramatically to $X in 2022. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 68% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

In 2022, Indonesia (X tons) was the main exporter of paperboard case materials, achieving 50% of total exports. It was distantly followed by Thailand (X tons), Vietnam (X tons) and Malaysia (X tons), together generating a 48% share of total exports.

Exports from Indonesia increased at an average annual rate of +12.4% from 2012 to 2022. At the same time, Vietnam (+13.3%) and Malaysia (+3.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +13.3% from 2012-2022. Thailand experienced a relatively flat trend pattern. Indonesia (+19 p.p.) and Vietnam (+7.2 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Thailand saw its share reduced by -3.9% and -22.7% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest paperboard case material supplier in ASEAN, comprising 50% of total exports. The second position in the ranking was held by Thailand ($X), with a 21% share of total exports. It was followed by Vietnam, with a 17% share.

In Indonesia, paperboard case material exports expanded at an average annual rate of +13.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+0.1% per year) and Vietnam (+8.8% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by 10% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 33% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Indonesia ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the other leaders experienced more modest paces of growth.

Paperboard Case Material Imports

Imports in ASEAN

In 2022, overseas purchases of paperboard case materials were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 31%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, paperboard case material imports stood at $X in 2022. The total import value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by Vietnam (X tons), the Philippines (X tons), Thailand (X tons), Indonesia (X tons), Cambodia (X tons) and Singapore (X tons) represented the major importers of paperboard case materials, together making up 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. Thailand, Indonesia, Cambodia and Singapore lagged somewhat behind, together accounting for a further 37%.

In terms of the main importing countries, Thailand, with a CAGR of +15.5%, saw the highest rates of growth with regard to 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

In 2022, the import price in ASEAN amounted to $X per ton, with a decrease of -2.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($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 (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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