Vietnam: Chemical Wood Pulp Market 2024

Chemical Wood Pulp Market Size in Vietnam

In 2022, the Vietnamese chemical wood pulp market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Chemical Wood Pulp Production in Vietnam

In value terms, chemical wood pulp production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Chemical wood pulp production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Chemical Wood Pulp Exports

Exports from Vietnam

In 2022, overseas shipments of chemical wood pulp decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, chemical wood pulp exports expanded significantly to $X in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for chemical wood pulp exports from Vietnam, accounting for a X% share of total exports. Moreover, chemical wood pulp exports to China exceeded the volume sent to the second major destination, Cambodia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) remains the key foreign market for chemical wood pulp exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average chemical wood pulp export price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Japan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Chemical Wood Pulp Imports

Imports into Vietnam

After six years of growth, purchases abroad of chemical wood pulp decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, chemical wood pulp imports expanded markedly to $X in 2022. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of chemical wood pulp imports to Vietnam, with a combined X% share of total imports. Chile, Brazil, Russia and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the United States ($X) and Canada ($X) appeared to be the largest chemical wood pulp suppliers to Vietnam, with a combined X% share of total imports. Chile, Brazil, Russia and Sweden lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Russia, 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

The average chemical wood pulp import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a modest expansion. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the price for Indonesia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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