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Industry Analysis

LOCATION:HOME - NEWS - Industry Analysis

Latest Annual Summary of China's Paper Packaging (HS: 48193000)

Issuing time:2024-06-21 Author:Alisa Back to list

Paper packaging refers to the use of paper and its derivative materials (such as cardboard, corrugated paper, etc.) as the primary raw materials for packaging, widely used in industries such as food, beverages, electronics, daily necessities, and pharmaceuticals. Paper packaging is popular due to its environmental friendliness, recyclability, and cost-effectiveness.

Let's take a closer look at China's paper packaging exports, specifically under HS Code: 48193000:

According to customs data, from 2018 to 2023, the overall trend of paper packaging exports has been upward. This can be analyzed from three perspectives:

Export Value: The export value peaked in 2022, reaching $40,816,901, the highest point in the past five years, followed by a decline in 2023.

Export Quantity: Although there was a 23.64% decrease in 2019 compared to 2018, there has been a continuous upward trend from 2020 to April 2024. In 2022, the quantity increased by 21.43% year-on-year, and by April 2024, it had grown by 25.69%.

Average Market Price: The unit price of the products has been rising, from an average of $1.71 in 2018 to $2.04 in April 2024.

These figures indicate a positive trend in China's paper packaging exports.

However, the Chinese paper packaging industry also faces challenges such as a complex and ever-changing international trade environment, fluctuations in raw material prices, and increasing international competition. Therefore, continuously optimizing the industrial structure, enhancing automation and intelligence levels, strengthening brand building, and developing international marketing strategies will be crucial for further expanding the foreign trade market.

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China's paper packaging export markets encompass various regions and countries, with demand influenced by multiple factors such as economic development levels, environmental policies, consumer habits, and trade relationships. According to 2023 customs data, China's paper packaging is primarily exported to Asia and the Americas, with Asia accounting for a significant 75.44%. Key markets in Asia include Indonesia, Malaysia, Vietnam, Taiwan, Japan, Thailand, Laos, and Kazakhstan.

In the Americas, the main markets are the United States and Canada. Particularly, the U.S. market emphasizes sustainable packaging and houses numerous multinational retail and consumer goods companies, making it a significant export destination for Chinese paper packaging.

In some African countries, economic development and urbanization are accelerating, leading to increased demand for packaging materials. However, due to weaker economic foundations, these markets are price-sensitive, presenting an opportunity for Chinese paper packaging to find cost-effective market segments.

European markets typically have stringent environmental standards and have implemented several plastic reduction measures, driving the demand for paper packaging alternatives. Countries like Germany, the United Kingdom, and France have high acceptance of eco-friendly packaging, making them important export markets for Chinese paper packaging. Additionally, the Middle East is seeing a growing demand for packaging materials with economic diversification and rising living standards. The UAE and Saudi Arabia, in particular, are becoming emerging markets for Chinese paper packaging due to the expansion of their retail and food processing industries.

In summary, each market has specific needs and preferences—some prioritize the environmental performance of packaging, others focus on cost-effectiveness, and some emphasize design and innovation. With global attention on sustainable development, paper packaging is increasingly favored for its eco-friendly characteristics. Therefore, Chinese paper packaging suppliers need to adjust their product strategies and market positioning to meet the diverse market demands, enhancing product performance to better satisfy customers and expand market share.

Overall, with a robust manufacturing base, innovation capabilities, and an increasingly optimized international trade environment, the outlook for China's paper packaging trade is promising.

Guomaotong, as China's first data company, can provide customs data from over 80 countries from 2010 to the present. It offers precise online analysis of import and export market distribution, detailed transaction information of import and export enterprises, specific price analysis, supply cycles, and more. This provides reliable data for major foreign trade enterprises and industry consulting companies.

(This article is an original creation by Guomao Tong. Please indicate the source when reposting.)