ASEAN: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in ASEAN

In 2023, the ASEAN paper bag machine market decreased by X% to $X, falling for the second consecutive year after six years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Paper Bag Machine Production in ASEAN

In value terms, paper bag machine production fell slightly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Paper Bag Machine Exports

Exports in ASEAN

In 2023, overseas shipments of machines for making bags, sacks or envelopes of paper or paperboard decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2022, and then contracted significantly in the following year.

In value terms, paper bag machine exports dropped dramatically to $X in 2023. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of machines for making bags, sacks or envelopes of paper or paperboard, namely Singapore, Indonesia, Vietnam and Malaysia, represented more than two-thirds of total export. The following exporters - the Philippines (X units) and Thailand (X units) - each recorded an X% share of total exports.

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

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. The Philippines, Indonesia and Thailand lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Paper Bag Machine Imports

Imports in ASEAN

In 2023, supplies from abroad of machines for making bags, sacks or envelopes of paper or paperboard decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, paper bag machine imports expanded to $X in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Vietnam (X units), distantly followed by Thailand (X units), Indonesia (X units) and Malaysia (X units) were the main importers of machines for making bags, sacks or envelopes of paper or paperboard, together mixing up X% of total imports. The following importers - Cambodia (X units) and the Philippines (X units) - each amounted to an X% share of total imports.

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 machine importing markets in ASEAN were Vietnam ($X), Malaysia ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of 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 ASEAN amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform