Eastern Asia: Bleached Sulphite Pulp Market 2024

Bleached Sulphite Pulp Market Size in Eastern Asia

In 2022, the East Asian bleached sulphite pulp market decreased by -9.4% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Bleached Sulphite Pulp Production in Eastern Asia

In value terms, bleached sulphite pulp production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate significant growth. The growth pace was the most rapid in 2013 when the production volume increased by 732%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Bleached Sulphite Pulp Exports

Exports in Eastern Asia

After three years of growth, overseas shipments of bleached sulphite pulp decreased by -5% to X tons in 2022. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bleached sulphite pulp exports declined to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of about X tons, which reached 74% of total exports. Hong Kong SAR (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together took near 26% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bleached sulphite pulp exports from China stood at -6.9%. At the same time, Hong Kong SAR (+85.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +85.2% from 2012-2022. By contrast, Taiwan (Chinese) (-10.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR increased by +20 percentage points.

In value terms, China ($X) remains the largest bleached sulphite pulp supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 14% share of total exports.

In China, bleached sulphite pulp exports decreased by an average annual rate of -3.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+43.6% per year) and Taiwan (Chinese) (-17.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, falling by -1.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($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 (+4.2%), while the other leaders experienced a decline in the export price figures.

Bleached Sulphite Pulp Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of bleached sulphite pulp, when their volume decreased by -66.4% to X tons. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by 9.1% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bleached sulphite pulp imports reduced rapidly to $X in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Japan (X tons) represented roughly 75% of total imports in 2022. Taiwan (Chinese) (X tons) held the next position in the ranking, distantly followed by South Korea (X tons). All these countries together held near 24% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +1.5%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest bleached sulphite pulp importing markets in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 93% of total imports. These countries were followed by South Korea, which accounted for a further 6.1%.

South Korea, with a CAGR of +4.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 81% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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