India’s Packaging Paper Exports to China Surged 100,000 Tonnes in 2020
India ramped up its packaging paper supplies to China from 34K tonnes to 100K tonnes in 2020.
India has broken into the Chinese market and has surpassed as the second-largest provider of packaging paper, with supplies to China increasing from 16K tonnes in 2017 to 100K tonnes by 2020.
According to IndexBox’s analysis — ‘China: Wrapping Papers – Market Analysis, Forecast, Size, Trends and Insights’, the import of packaging paper, wrapping paper, and paperboard in China has reached the highest level ever, picking up by +54 percent to 892K tonnes in the year 2020. Russia, India and Vietnam constitute as the largest suppliers to China. Last year, Russia and India boosted their exports to China threefold, while Vietnam witnessed a 58 percent surge in terms of volume of exported products to China.
The total imports of packaging paper, paperboard and wrapping paper to China increased from 350K tonnes in 2010 to 892K tonnes in 2020. Over the last decade, India’s exports to China have grown at the fastest rate. As mentioned in a report by IndexBox, India has shipped 100K tonnes of packaging and wrapping papers to China. Russia contributed 125K tonnes, while Vietnam sent 77K tonnes of packaging paper to China, accounting for 34% of total imports. On the other hand, Canada, Japan, the U.S., Sweden, South Korea, Taiwan (Chinese), Brazil, Indonesia, Malaysia and Thailand together comprised a further 52 percent of total imports of packaging paper to China.
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In terms of value, Russia sold packaging and wrapping paper worth USD 75 million, Japan shipped USD 68 million, while the US supplied wrapping paper to China worth USD 58 million — together comprising 32 percent of total imports. While India, Canada, Sweden, Taiwan, South Korea, Vietnam, Brazil, Indonesia, Malaysia and Thailand together comprised a further 47 percent.
The average import price of wrapping papers in 2020 was USD 703 per tonne, a decrease of -24.1 percent from the previous year. However, there were significant differences in the average prices amongst the major supplying countries. Japan (USD 981 per tonne) had the highest price in 2020, while India (USD 323 per tonne) had one of the lowest. Taiwan (Chinese) had the highest rate of price growth in 2020, while the prices of the other major suppliers decreased.
Desc: India ramped up its export to China and surpassed as the second largest supplier with 16K tonnes in 2017 to 100K tonnes by 2020.