Asia: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2025

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

The Asian market for chemical wood pulp (soda and sulphate, other than dissolving grades) was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

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

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) rose significantly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17%. 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 Asia

In 2021, shipments abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -1.7% 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 +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 24% against the previous year. 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) soared to $X in 2021. Total exports indicated a temperate 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, exports decreased by -17.3% against 2018 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 29% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia dominates grades) structure, finishing at X tons, which was near 83% of total exports in 2021. Japan (X tons), Singapore (X tons), Taiwan (Chinese) (X tons) and Turkey (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, Turkey (+57.9%), Taiwan (Chinese) (+26.2%) and Singapore (+8.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +57.9% from 2012-2021. By contrast, Japan (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Turkey and Taiwan (Chinese) increased by +4.2, +2.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest soda and sulphate chemical wood pulp supplier in Asia, comprising 79% of total exports. The second position in the ranking was taken by Japan ($X), with a 4.9% share of total exports. It was followed by Singapore, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia totaled +5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.1% per year) and Singapore (+10.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2019 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 Turkey ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2021, after nine years of growth, there was decline in overseas purchases of chemical wood pulp (soda and sulphate, other than dissolving grades), when their volume decreased by -3.7% to X tons. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.4% against 2012 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 13%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then dropped modestly in the following year.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China prevails in grades) structure, reaching X tons, which was approx. 69% of total imports in 2021. South Korea (X tons) ranks second in terms of the total imports with a 6.1% share, followed by Turkey (4.9%). Japan (X tons), the United Arab Emirates (X tons), India (X tons), Indonesia (X tons), Bangladesh (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to soda and sulphate chemical wood pulp imports into China stood at +5.8%. At the same time, the United Arab Emirates (+26.5%), Bangladesh (+16.3%), Vietnam (+15.1%) and Turkey (+7.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of +26.5% from 2012-2021. India, Indonesia, Taiwan (Chinese) and South Korea experienced a relatively flat trend pattern. By contrast, Japan (-1.5%) illustrated a downward trend over the same period. While the share of China (+5.1 p.p.) and the United Arab Emirates (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-3.1 p.p.) and South Korea (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chemical wood pulp (soda and sulphate, other than dissolving grades) in Asia, comprising 69% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.2% share of total imports. It was followed by South Korea, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +6.7%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+8.8% per year) and South Korea (-1.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 30% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Bangladesh ($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 (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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