Updated Sep 30, 2022 19:45

Wrapping Papers Market in China

Market Overview
After five years of growth, the Chinese wrapping papers market decreased by -% to $ in . Overall, consumption, however, showed a remarkable increase. Over the period under review, the market attained the maximum level at $ in , and then dropped in the following year.

In value terms, wrapping papers production declined to $ in estimated in export price. In general, production, however, saw a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of %. Over the period under review, production attained the maximum level at $ in , and then reduced slightly in the following year.


Consumption
In , consumption of wrapping paper, packaging paper and paperboard in China stood at tons, with an increase of % on the previous year's figure. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wrapping papers consumption peaked in and is likely to see steady growth in the immediate term.

The revenue of the wrapping papers market in China totaled $ in , with an increase of % 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). In general, consumption enjoyed a remarkable increase. Wrapping papers consumption peaked in and is expected to retain growth in the immediate term.


Market Forecast
Driven by increasing demand for wrapping papers in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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


Market Structure
Over the period under review, the share of imports in terms of total wrapping papers consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China wrapping papers market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
China remains a net importer of wrapping papers; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.