China: Paper Bag Market 2024

Paper Bag Market Size in China

The Chinese paper bag market amounted to $X in 2023, growing by X% against the previous year. In general, consumption showed a strong increase. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Paper Bag Production in China

In value terms, paper bag production expanded modestly to $X in 2023 estimated in export price. Overall, production saw a buoyant increase. The growth pace was 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 remained at a somewhat lower figure.

Paper Bag Exports

Exports from China

For the third year in a row, China recorded growth in overseas shipments of sacks and bags of paper, which increased by X% to X tons in 2023. 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 throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, paper bag exports fell significantly to $X in 2023. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank notably in the following year.

Exports by Country

The United States (X tons) was the main destination for paper bag exports from China, with a X% share of total exports. Moreover, paper bag exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for sacks and bags of paper exports from China, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average paper bag export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2023: its price 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 growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Imports

Imports into China

In 2023, the amount of sacks and bags of paper imported into China shrank modestly to X tons, reducing by X% on the previous year's figure. Over the period under review, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, paper bag imports rose rapidly to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Denmark (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of paper bag imports to China, together comprising X% of total imports. Taiwan (Chinese), the United States, Italy, Vietnam, Thailand, Germany, France, Malaysia, Sweden and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest paper bag suppliers to China were Denmark ($X), Italy ($X) and France ($X), with a combined X% share of total imports. Japan, Vietnam, the United States, South Korea, Taiwan (Chinese), Germany, Thailand, Sweden, Malaysia and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

The average paper bag import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2023: its price 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, paper bag import price increased by X% against 2018 indices. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked in 2023 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform