Paper Making Machinery Market

The global paper making machinery market is anticipated to see a steady increase in consumption volume and value over the period from 2022 to 2030, with a projected CAGR of +3.7% and +6.4% respectively. Market performance is forecasted to accelerate, with rising demand for machinery for making up paper pulp, paper, or paperboard worldwide. China, the United States, and India are among the top consuming countries, while Germany, Italy, and the UK lag slightly behind. Production volumes and values are also expected to increase, with China leading in production and exports. Import trends show growth in import volumes, with the United States and Thailand as key importers. Price trends vary by country, with Germany having the highest export prices and China with the lowest. Overall, the global paper making machinery market is poised for growth in the coming years.

Market Forecast

Driven by increasing demand for machinery for making up paper pulp, paper or paperboard worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 207K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.4% for the period from 2022 to 2030, which is projected to bring the market value to $9.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery For Making Up Paper Pulp, Paper Or Paperboard

In 2022, consumption of machinery for making up paper pulp, paper or paperboard increased by 4.1% to 155K units, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, global consumption reached the peak volume in 2022 and is expected to retain growth in the immediate term.

The global paper making machinery market revenue reduced to $6B in 2022, dropping by -3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $6.6B. From 2018 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (30K units), the United States (22K units) and India (10K units), together accounting for 41% of global consumption. Thailand, Germany, Portugal, Japan, Brazil, Nigeria, the UK and Italy lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Thailand (with a CAGR of +37.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest paper making machinery markets worldwide were China ($989M), India ($838M) and the United States ($700M), together comprising 42% of the global market. Thailand, Japan, Germany, Brazil, Nigeria, Italy, Portugal and the UK lagged somewhat behind, together comprising a further 24%.

Thailand, with a CAGR of +36.5%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of paper making machinery per capita consumption was registered in Portugal (878 units per million persons), followed by Thailand (141 units per million persons), Germany (111 units per million persons) and the United States (67 units per million persons), while the world average per capita consumption of paper making machinery was estimated at 20 units per million persons.

From 2012 to 2022, the average annual rate of growth in terms of the paper making machinery per capita consumption in Portugal was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+37.2% per year) and Germany (-3.7% per year).

Production

World Production of Machinery For Making Up Paper Pulp, Paper Or Paperboard

In 2022, approx. 196K units of machinery for making up paper pulp, paper or paperboard were produced worldwide; jumping by 30% compared with 2021. Overall, the total production indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +42.1% against 2019 indices. As a result, production attained the peak volume and is likely to continue growth in the immediate term.

In value terms, paper making machinery production reached $6.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16%. Global production peaked at $6.8B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

China (104K units) remains the largest paper making machinery producing country worldwide, accounting for 53% of total volume. Moreover, paper making machinery production in China exceeded the figures recorded by the second-largest producer, the United States (11K units), ninefold. The third position in this ranking was taken by Germany (11K units), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +19.2%. In the other countries, the average annual rates were as follows: the United States (+9.2% per year) and Germany (-2.6% per year).

Imports

World Imports of Machinery For Making Up Paper Pulp, Paper Or Paperboard

In 2022, supplies from abroad of machinery for making up paper pulp, paper or paperboard increased by 2.9% to 51K units, rising for the second year in a row after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, paper making machinery imports reduced to $1.5B in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 16% against the previous year. As a result, imports reached the peak of $1.7B. From 2019 to 2022, the growth of global imports remained at a lower figure.

Imports By Country

In 2022, the United States (13K units) and Thailand (9.9K units) were the main importers of machinery for making up paper pulp, paper or paperboardaround the world, together generating 45% of total imports. Indonesia (1.6K units), India (1.2K units), Germany (1.1K units), Russia (1.1K units), Turkey (1.1K units), the UK (1K units), South Korea (0.9K units), Nigeria (0.9K units) and Italy (0.8K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +36.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($267M) constitutes the largest market for imported machinery for making up paper pulp, paper or paperboard worldwide, comprising 18% of global imports. The second position in the ranking was held by India ($72M), with a 4.7% share of global imports. It was followed by the UK, with a 4.2% share.

In the United States, paper making machinery imports increased at an average annual rate of +5.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+5.6% per year) and the UK (+11.0% per year).

Import Prices By Country

In 2022, the average paper making machinery import price amounted to $29,717 per unit, shrinking by -7.9% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 8.7%. As a result, import price attained the peak level of $53,749 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($63,320 per unit), while Thailand ($1,335 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Machinery For Making Up Paper Pulp, Paper Or Paperboard

In 2022, the amount of machinery for making up paper pulp, paper or paperboard exported worldwide skyrocketed to 93K units, increasing by 79% against the previous year. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper making machinery exports shrank notably to $1.6B in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $1.8B, and then declined rapidly in the following year.

Exports By Country

China prevails in exports structure, resulting at 74K units, which was approx. 80% of total exports in 2022. It was distantly followed by Italy (6.6K units), constituting a 7.1% share of total exports. The following exporters - Germany (2.5K units) and the United States (2.2K units) - together made up 5.1% of total exports.

China was also the fastest-growing in terms of the machinery for making up paper pulp, paper or paperboard exports, with a CAGR of +37.3% from 2012 to 2022. At the same time, the United States (+8.9%) and Germany (+1.4%) displayed positive paces of growth. By contrast, Italy (-1.3%) illustrated a downward trend over the same period. While the share of China (+68 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-5.4 p.p.) and Italy (-20.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($432M), China ($409M) and Germany ($197M) constituted the countries with the highest levels of exports in 2022, with a combined 67% share of global exports.

In terms of the main exporting countries, China, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices By Country

The average paper making machinery export price stood at $16,643 per unit in 2022, with a decrease of -52.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. Over the period under review, the average export prices reached the maximum at $61,098 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($79,142 per unit), while China ($5,523 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform