Asia: Chemical Wood Pulp Market 2024

Chemical Wood Pulp Market Size in Asia

In 2022, the Asian chemical wood pulp market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Chemical Wood Pulp Production in Asia

In value terms, chemical wood pulp production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Chemical Wood Pulp Exports

Exports in Asia

For the third year in a row, Asia recorded decline in shipments abroad of chemical wood pulp, which decreased by X% to X tons in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chemical wood pulp exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%). The following exporters - China (X tons), Taiwan (Chinese) (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to chemical wood pulp exports from Indonesia stood at X%. At the same time, Turkey (X%), China (X%), Taiwan (Chinese) (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), China (X p.p.), Singapore (X p.p.), Taiwan (Chinese) (X p.p.) and Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest chemical wood pulp supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Chemical Wood Pulp Imports

Imports in Asia

In 2022, the amount of chemical wood pulp imported in Asia was estimated at X tons, stabilizing at 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, chemical wood pulp imports soared to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. South Korea (X tons) took the second position in the ranking, followed by Turkey (X tons). All these countries together took near X% share of total imports. The following importers - Japan (X tons), India (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons) and Bangladesh (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to chemical wood pulp imports into China stood at X%. At the same time, the United Arab Emirates (X%), Bangladesh (X%), Turkey (X%), India (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese), Japan and South Korea experienced a relatively flat trend pattern. While the share of China (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chemical wood pulp in Asia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, chemical wood pulp imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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