Japan: Wood Pulp Market 2022

Wood Pulp Market Size in Japan

In 2021, the Japanese wood pulp market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Pulp Production in Japan

In value terms, wood pulp production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Wood Pulp Exports

Exports from Japan

In 2021, shipments abroad of wood pulp increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, wood pulp exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for wood pulp exports from Japan, with a X% share of total exports. Moreover, wood pulp exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X) remains the key foreign market for wood pulp exports from Japan, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

The average wood pulp export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and Thailand ($X per ton), while the average price for exports to South Korea ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Pulp Imports

Imports into Japan

Wood pulp imports into Japan declined slightly to X tons in 2021, dropping by -X% compared with 2020. In general, imports saw a pronounced contraction. 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 reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wood pulp imports skyrocketed to $X in 2021. Overall, imports saw a mild setback. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and Canada (X tons) were the main suppliers of wood pulp imports to Japan, together accounting for X% of total imports. These countries were followed by Chile, Russia, New Zealand, Indonesia and Finland, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Brazil ($X) were the largest wood pulp suppliers to Japan, with a combined X% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood pulp import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was the United States ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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