Thailand: Paper Bag Market 2024

Paper Bag Market Size in Thailand

The Thai paper bag market totaled $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Paper Bag Production in Thailand

In value terms, paper bag production reached $X in 2023 estimated in export price. The total output value 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 most prominent rate of growth was recorded in 2017 with an increase of X%. Paper bag production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Paper Bag Exports

Exports from Thailand

In 2023, approx. X tons of sacks and bags of paper were exported from Thailand; with a decrease of X% against the year before. Over the period under review, total exports indicated a prominent expansion from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, paper bag exports amounted to $X in 2023. Overall, total exports indicated a temperate increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and India (X tons) were the main destinations of paper bag exports from Thailand, together accounting for X% of total exports.

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

In value terms, Indonesia ($X), Vietnam ($X) and India ($X) were the largest markets for paper bag exported from Thailand worldwide, together comprising X% of total exports.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average paper bag export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Cambodia ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Imports

Imports into Thailand

In 2023, overseas purchases of sacks and bags of paper increased by X% to X tons, rising for the fifth year in a row after four years of decline. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, paper bag imports declined to $X in 2023. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest paper bag supplier to Thailand, with a X% share of total imports. Moreover, paper bag imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of sacks and bags of paper to Thailand, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average paper bag import price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform