ASEAN: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2025

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in ASEAN

In 2022, the ASEAN market for wood pulp, excluding mechanical wood pulp increased by 2% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in ASEAN

In value terms, production of wood pulp, excluding mechanical wood pulp contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible descent. The growth pace was the most rapid in 2015 with an increase of 48% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports in ASEAN

In 2022, shipments abroad of wood pulp, excluding mechanical wood pulp decreased by -4.5% to X tons, falling for the second consecutive year after five years of growth. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp expanded notably to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 29% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Indonesia dominates pulp structure, reaching X tons, which was near 83% of total exports in 2022. It was distantly followed by Malaysia (X tons), creating a 6.4% share of total exports. Singapore (X tons), Lao People's Democratic Republic (X tons) and Thailand (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood pulp, excluding mechanical wood pulp exports from Indonesia stood at +4.6%. At the same time, Malaysia (+23.5%), Singapore (+12.2%) and Thailand (+12.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +23.5% from 2012-2022. By contrast, Lao People's Democratic Republic (-12.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Malaysia and Singapore increased by +8.6, +5.3 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest wood pulp, excluding mechanical wood pulp supplier in ASEAN, comprising 82% of total exports. The second position in the ranking was held by Singapore ($X), with a 6.5% share of total exports. It was followed by Lao People's Democratic Republic, with a 5% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia totaled +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+17.1% per year) and Lao People's Democratic Republic (-14.5% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 20%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.4%), while the other leaders experienced more modest paces of growth.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports in ASEAN

For the fourth year in a row, ASEAN recorded decline in supplies from abroad of wood pulp, excluding mechanical wood pulp, which decreased by -4.2% to X tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wood pulp, excluding mechanical wood pulp rose sharply to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 34%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Indonesia was the main importer of wood pulp, excluding mechanical wood pulp in ASEAN, with the volume of imports reaching X tons, which was approx. 45% of total imports in 2022. Thailand (X tons) ranks second in terms of the total imports with a 24% share, followed by Vietnam (14%), Malaysia (6.4%) and Singapore (6.3%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +10.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood pulp, excluding mechanical wood pulp importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined 86% share of total imports. Malaysia, Singapore and the Philippines lagged somewhat behind, together accounting for a further 14%.

The Philippines, with a CAGR of +13.6%, recorded 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 more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 when the import price increased by 33% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform