Asia-Pacific: Paper Bag Market 2024

Paper Bag Market Size in Asia-Pacific

The Asia-Pacific paper bag market was estimated at $X in 2023, picking up by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Paper Bag Production in Asia-Pacific

In value terms, paper bag production expanded to $X in 2023 estimated in export price. The total production indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Paper Bag Exports

Exports in Asia-Pacific

In 2023, paper bag exports in Asia-Pacific rose to X tons, increasing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, paper bag exports reduced to $X in 2023. Total exports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

China dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. Vietnam (X tons) took the second position in the ranking, followed by India (X tons). All these countries together took approx. X% share of total exports. Malaysia (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), India (X%), Thailand (X%), South Korea (X%), Malaysia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Indonesia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Vietnam and India increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper bag supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In China, paper bag exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Paper Bag Imports

Imports in Asia-Pacific

In 2023, the amount of sacks and bags of paper imported in Asia-Pacific was estimated at X tons, approximately mirroring 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, paper bag imports fell to $X in 2023. Total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then shrank in the following year.

Imports by Country

The countries with the highest levels of paper bag imports in 2023 were Australia (X tons), Hong Kong SAR (X tons), Indonesia (X tons), Vietnam (X tons), Japan (X tons), Thailand (X tons), Singapore (X tons), South Korea (X tons), the Philippines (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and Cambodia (X tons), together reaching X% of total import.

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

In value terms, Australia ($X), Japan ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Vietnam, Hong Kong SAR, South Korea, Thailand, the Philippines, Taiwan (Chinese), Singapore, Malaysia and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded 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 2023, the import price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform