Asia-Pacific: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Asia-Pacific

In 2021, the Asia-Pacific bleached sulphate pulp market decreased by -15.7% 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 +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Bleached Sulphate Pulp Production in Asia-Pacific

In value terms, bleached sulphate pulp production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% 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 when the production volume increased by 21%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bleached Sulphate Pulp Exports

Exports in Asia-Pacific

In 2021, overseas shipments of bleached sulphate pulp decreased by -1.7% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 12%. As a result, the exports attained 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. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia prevails in exports structure, accounting for X tons, which was near 84% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting a 5.3% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Japan (X tons) - each resulted at a 4.8% share 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, Taiwan (Chinese) (+21.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +21.9% from 2012-2021. By contrast, New Zealand (-3.3%) and Japan (-3.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia and Taiwan (Chinese) increased by +20 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest bleached sulphate pulp supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was held by New Zealand ($X), with a 6.8% share of total exports. It was followed by Taiwan (Chinese), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia totaled +3.9%. In the other countries, the average annual rates were as follows: New Zealand (-1.0% per year) and Taiwan (Chinese) (+18.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by 20% against the previous year. In general, the export price, however, recorded a slight descent. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in New Zealand ($X per ton) and Japan ($X per ton), while Indonesia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%), while the other leaders experienced more modest paces of growth.

Bleached Sulphate Pulp Imports

Imports in Asia-Pacific

After nine years of growth, overseas purchases of bleached sulphate pulp decreased by -5.4% to X tons in 2021. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 15%. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, bleached sulphate pulp imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. As a result, imports attained 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, accounting for X tons, which was approx. 76% of total imports in 2021. South Korea (X tons) took the second position in the ranking, followed by Japan (X tons). All these countries together held near 10% share of total imports. The following importers - India (X tons), Bangladesh (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) - each resulted at an 8.4% share of total imports.

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, Bangladesh (+12.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +12.2% from 2012-2021. India, Indonesia and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-1.5%) and South Korea (-1.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +8.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported bleached sulphate pulp in Asia-Pacific, comprising 76% of total imports. The second position in the ranking was held by Japan ($X), with a 5.5% share of total imports. It was followed by South Korea, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +6.6%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+0.3% per year) and South Korea (-2.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 29% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked 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

Frequently Asked Questions (FAQ) :