Eastern Asia: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in Eastern Asia

The East Asian paper bag machine market amounted to $X in 2023, remaining stable against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Paper Bag Machine Production in Eastern Asia

In value terms, paper bag machine production amounted to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Paper Bag Machine Exports

Exports in Eastern Asia

After five years of growth, shipments abroad of machines for making bags, sacks or envelopes of paper or paperboard decreased by X% to X units in 2023. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then fell remarkably in the following year.

In value terms, paper bag machine exports contracted significantly to $X in 2023. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then contracted sharply in the following year.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2023. Japan (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard exports, with a CAGR of X% from 2012 to 2023. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest paper bag machine supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 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 Japan ($X per unit), while China amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Paper Bag Machine Imports

Imports in Eastern Asia

In 2023, after two years of growth, there was significant decline in supplies from abroad of machines for making bags, sacks or envelopes of paper or paperboard, when their volume decreased by X% to X units. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, paper bag machine imports surged to $X in 2023. In general, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, South Korea (X units) represented the key importer of machines for making bags, sacks or envelopes of paper or paperboard, making up X% of total imports. Taiwan (Chinese) (X units) took the second position in the ranking, followed by Japan (X units) and China (X units). All these countries together held near X% share of total imports. Hong Kong SAR (X units) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to paper bag machine imports into South Korea stood at X%. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea, Taiwan (Chinese) and Japan increased by X, X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported machines for making bags, sacks or envelopes of paper or paperboard in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, paper bag machine imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the import price saw resilient growth. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X,310 per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform