Asia: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Asia

In 2021, the Asian bleached sulphate pulp market decreased by -14.1% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Bleached Sulphate Pulp Production in Asia

In value terms, bleached sulphate pulp production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bleached Sulphate Pulp Exports

Exports in Asia

In 2021, shipments abroad of bleached sulphate pulp decreased by -2.9% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 14%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, bleached sulphate pulp exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia prevails in exports structure, resulting at X tons, which was near 86% of total exports in 2021. The following exporters - Taiwan (Chinese) (X tons), Japan (X tons) and Turkey (X tons) - together made up 7.1% of total exports.

From 2012 to 2021, average annual rates of growth with regard to bleached sulphate pulp exports from Indonesia stood at +3.3%. At the same time, Turkey (+61.9%) and Taiwan (Chinese) (+21.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +61.9% from 2012-2021. By contrast, Japan (-3.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Turkey and Taiwan (Chinese) increased by +17, +2.2 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest bleached sulphate pulp supplier in Asia, comprising 83% of total exports. The second position in the ranking was taken by Turkey ($X), with a 3.8% share of total exports. It was followed by Taiwan (Chinese), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia totaled +3.9%. In the other countries, the average annual rates were as follows: Turkey (+60.1% per year) and Taiwan (Chinese) (+18.8% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Bleached Sulphate Pulp Imports

Imports in Asia

In 2021, after nine years of growth, there was decline in overseas purchases of bleached sulphate pulp, when their volume decreased by -4.2% to X tons. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 13%. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, bleached sulphate pulp imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China prevails in imports structure, amounting to X tons, which was near 70% of total imports in 2021. South Korea (X tons) held the second position in the ranking, followed by Turkey (X tons). All these countries together held near 10% share of total imports. Japan (X tons), the United Arab Emirates (X tons), India (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bleached sulphate pulp imports into China stood at +5.8%. At the same time, the United Arab Emirates (+26.6%), Bangladesh (+12.2%) and Turkey (+7.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of +26.6% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Japan (-1.5%) and South Korea (-1.6%) illustrated a downward trend over the same period. While the share of China (+6.1 p.p.) and the United Arab Emirates (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-3.1 p.p.) and South Korea (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported bleached sulphate pulp in Asia, comprising 70% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.3% share of total imports. It was followed by Japan, with a 5% share.

In China, bleached sulphate pulp imports increased at an average annual rate of +6.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+8.2% per year) and Japan (+0.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 30% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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