ASEAN: Paper Machinery Market 2024

Paper Machinery Market Size in ASEAN

The ASEAN paper machinery market contracted significantly to $X in 2023, waning by X% against the previous year. In general, consumption, however, enjoyed a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Paper Machinery Production in ASEAN

In value terms, paper machinery production stood at $X in 2023 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Paper Machinery Exports

Exports in ASEAN

In 2023, overseas shipments of machinery for making paper or paperboard increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, paper machinery exports skyrocketed to $X in 2023. In general, exports posted a strong expansion. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Singapore (X units) was the major exporter of machinery for making paper or paperboard, constituting X% of total exports. Thailand (X units) took the second position in the ranking, followed by Malaysia (X units) and Indonesia (X units). All these countries together held approx. X% share of total exports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest paper machinery supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Singapore, paper machinery exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is likely to see gradual growth in years to come.

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

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

Paper Machinery Imports

Imports in ASEAN

In 2023, the amount of machinery for making paper or paperboard imported in ASEAN reduced dramatically to X units, declining by X% compared with the previous year's figure. Overall, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, paper machinery imports declined sharply to $X in 2023. Over the period under review, imports, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units) and Indonesia (X units) dominates imports structure, together making up X% of total imports. Singapore (X units) took the next position in the ranking, followed by Thailand (X units). All these countries together took approx. X% share of total imports. Malaysia (X units), Lao People's Democratic Republic (X units) and Cambodia (X units) followed a long way behind the leaders.

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

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2023, the import price in ASEAN amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Singapore ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform