ASEAN: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2024

Market Size for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in ASEAN

In 2021, after two years of decline, there was significant growth in the ASEAN market for chemical wood pulp (soda and sulphate, other than dissolving grades), when its value increased by 13% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. 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.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in ASEAN

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Exports in ASEAN

In 2021, shipments abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -4.2% to X tons, falling for the second year in a row after four years of growth. The total export volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 23%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) amounted to $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 decreased by -20.8% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 29%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia prevails in grades) structure, finishing at X tons, which was approx. 93% of total exports in 2021. Singapore (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to soda and sulphate chemical wood pulp exports from Indonesia stood at +4.8%. At the same time, Thailand (+10.8%) and Singapore (+8.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +10.8% from 2012-2021. From 2012 to 2021, the share of Indonesia increased by +5.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest soda and sulphate chemical wood pulp supplier in ASEAN, comprising 92% of total exports. The second position in the ranking was held by Singapore ($X), with a 5.3% share of total exports.

In Indonesia, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) expanded at an average annual rate of +5.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+10.1% per year) and Thailand (+9.8% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, surging by 19% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Imports in ASEAN

In 2021, purchases abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -8.8% to X tons, falling for the second year in a row after four years of growth. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.4% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 21%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) totaled $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) was the main importer of chemical wood pulp (soda and sulphate, other than dissolving grades) in ASEAN, comprising 77% of total import. It was distantly followed by Singapore (X tons) and Malaysia (X tons), together constituting a 19% share of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined 78% share of total imports.

Vietnam, with a CAGR of +14.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, surging by 25% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum 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 Indonesia ($X per ton) and the Philippines ($X per ton), while Singapore ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform