Eastern Asia: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in Eastern Asia

In 2023, the East Asian sack kraft paper market decreased by X% to $X, falling for the third year in a row after four years of growth. In general, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Sack Kraft Paper Production in Eastern Asia

In value terms, sack kraft paper production dropped to $X in 2023 estimated in export price. Overall, production showed a prominent increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Sack Kraft Paper Exports

Exports in Eastern Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of sack kraft paper, when their volume decreased by X% to X tons. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, sack kraft paper exports contracted significantly to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Japan represented the key exporter of sack kraft paper in Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2023. It was distantly followed by China (X tons) and Taiwan (Chinese) (X tons), together achieving a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the sack kraft paper exports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) experienced a relatively flat trend pattern. China (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest sack kraft paper supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual growth rate of value in Japan totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in South Korea ($X per ton) and China ($X per ton), while Japan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Sack Kraft Paper Imports

Imports in Eastern Asia

In 2023, overseas purchases of sack kraft paper increased by X% to X tons, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, sack kraft paper imports expanded significantly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) represented the main importer of sack kraft paper, making up X% of total imports. South Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). Hong Kong SAR (X tons) took a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Hong Kong SAR lagged somewhat behind, accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform