ASEAN: Uncoated Filter Paper Market 2024

Uncoated Filter Paper Market Size in ASEAN

The ASEAN uncoated filter paper market dropped to $X in 2022, with a decrease of -7.1% against the previous year. In general, consumption continues to indicate a slight contraction. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Uncoated Filter Paper Production in ASEAN

In value terms, uncoated filter paper production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Uncoated Filter Paper Exports

Exports in ASEAN

In 2022, exports of uncoated filter paper and paperboard in ASEAN reduced remarkably to X tons, which is down by -58.7% on the previous year's figure. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 123%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, uncoated filter paper exports contracted to $X in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 58% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Indonesia (X tons) was the major exporter of uncoated filter paper and paperboard, committing 55% of total exports. Singapore (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (9.6%) and the Philippines (7.3%). The following exporters - Vietnam (X tons) and Malaysia (X tons) - each resulted at a 4.2% share of total exports.

Indonesia experienced a relatively flat trend pattern with regard to volume of exports of uncoated filter paper and paperboard. At the same time, Thailand (+13.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +13.5% from 2012-2022. By contrast, Vietnam (-4.1%), Malaysia (-19.9%), Singapore (-20.8%) and the Philippines (-22.5%) illustrated a downward trend over the same period. Indonesia (+42 p.p.) and Thailand (+9 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, the Philippines and Singapore saw its share reduced by -2.2%, -15.1% and -35.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, together comprising 94% of total exports.

Thailand, with a CAGR of +9.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by 128% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.2%), while the other leaders experienced more modest paces of growth.

Uncoated Filter Paper Imports

Imports in ASEAN

Uncoated filter paper imports plummeted to X tons in 2022, reducing by -35.3% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, uncoated filter paper imports reduced dramatically to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

Indonesia was the largest importer of uncoated filter paper and paperboard in ASEAN, with the volume of imports amounting to X tons, which was approx. 54% of total imports in 2022. Malaysia (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (7.5%), the Philippines (7.5%), Vietnam (7.3%) and Cambodia (5.5%). Thailand (X tons) followed a long way behind the leaders.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of uncoated filter paper and paperboard. At the same time, Cambodia (+31.8%), Singapore (+11.8%), Vietnam (+8.2%) and the Philippines (+3.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +31.8% from 2012-2022. By contrast, Malaysia (-2.2%) and Thailand (-9.8%) illustrated a downward trend over the same period. Cambodia (+5.1 p.p.), Singapore (+5 p.p.), Vietnam (+3.9 p.p.) and the Philippines (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Indonesia and Thailand saw its share reduced by -3.7%, -4.7% and -8% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported uncoated filter paper and paperboard in ASEAN, comprising 53% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total imports. It was followed by the Philippines, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-2.2% per year) and the Philippines (+5.1% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by 26% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Cambodia ($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 (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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