Eastern Asia: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Eastern Asia

In 2021, the East Asian bleached sulphate pulp market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, 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 remained at a somewhat lower figure.

Bleached Sulphate Pulp Production in Eastern Asia

In value terms, bleached sulphate pulp production expanded significantly to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.5% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Bleached Sulphate Pulp Exports

Exports in Eastern Asia

Bleached sulphate pulp exports soared to X tons in 2021, growing by 32% against 2020 figures. The total export volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bleached sulphate pulp exports skyrocketed to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Taiwan (Chinese) (X tons) and Japan (X tons) were the key exporters of bleached sulphate pulp in Eastern Asia, together reaching approx. 72% of total exports. China (X tons) held the next position in the ranking, followed by South Korea (X tons). All these countries together held approx. 27% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined 86% share of total exports.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Bleached Sulphate Pulp Imports

Imports in Eastern Asia

In 2021, overseas purchases of bleached sulphate pulp decreased by -7.2% to X tons for the first time since 2011, thus ending a nine-year rising trend. Total imports indicated a measured expansion 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 growth pace was the most rapid in 2017 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, bleached sulphate pulp imports skyrocketed to $X in 2021. Total imports indicated buoyant 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 pace of growth appeared the most rapid in 2018 when imports increased by 28%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China dominates imports structure, reaching X tons, which was approx. 86% 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 took near 12% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the bleached sulphate pulp imports, with a CAGR of +5.8% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. Japan (-1.5%) and South Korea (-1.6%) illustrated a downward trend over the same period. While the share of China (+9.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-3.6 p.p.) and South Korea (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported bleached sulphate pulp in Eastern Asia, comprising 87% of total imports. The second position in the ranking was held by Japan ($X), with a 6.2% share of total imports. It was followed by South Korea, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +6.6%. In the other countries, the average annual rates were as follows: Japan (+0.3% per year) and South Korea (-2.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 31% against the previous year. Overall, the import price continues to indicate 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.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were 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 mixed trends in the import price figures.

Source: IndexBox Platform

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