Asia: Market for Dissolving Grade Wood Pulp 2025

Market Size for Dissolving Grade Wood Pulp in Asia

After two years of decline, the Asian dissolving grade wood pulp market increased by 22% to $X in 2021. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Production of Dissolving Grade Wood Pulp in Asia

In value terms, dissolving grade wood pulp production fell slightly to $X in 2021 estimated in export price. In general, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Dissolving Grade Wood Pulp

Exports in Asia

Dissolving grade wood pulp exports skyrocketed to X tons in 2021, picking up by 22% compared with the previous year. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 252% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, dissolving grade wood pulp exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 156%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Indonesia was the key exporting country with an export of around X tons, which accounted for 54% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 23% share, followed by Lao People's Democratic Republic (13%) and Japan (5.2%). Thailand (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the dissolving grade wood pulp exports, with a CAGR of +123.8% from 2012 to 2021. At the same time, Thailand (+49.5%), Malaysia (+37.9%), Lao People's Democratic Republic (+34.9%) and Japan (+16.7%) displayed positive paces of growth. Indonesia (+52 p.p.) and Malaysia (+23 p.p.) significantly strengthened its position in terms of the total exports, while Lao People's Democratic Republic and Japan saw its share reduced by -21.5% and -46.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest dissolving grade wood pulp supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 20% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia amounted to +115.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+29.6% per year) and Malaysia (-4.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Dissolving Grade Wood Pulp

Imports in Asia

Dissolving grade wood pulp imports soared to X tons in 2021, increasing by 16% on 2020 figures. The total import volume increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 17%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, dissolving grade wood pulp imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the key importer of dissolving grade wood pulp in Asia, with the volume of imports recording X tons, which was near 66% of total imports in 2021. India (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (8.8%). Malaysia (X tons), Thailand (X tons) and Japan (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dissolving grade wood pulp imports into China stood at +9.1%. At the same time, Malaysia (+93.7%), India (+14.4%) and Thailand (+1.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +93.7% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Japan (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India and Malaysia increased by +16, +6.4 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported dissolving grade wood pulp in Asia, comprising 66% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Indonesia, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +6.7%. In the other countries, the average annual rates were as follows: India (+11.0% per year) and Indonesia (-0.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 32% against the previous year. In general, the import price, however, saw a slight slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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