Asia: Cellulose Pulp Machinery Market 2024

Cellulose Pulp Machinery Market Size in Asia

The Asian cellulose pulp machinery market amounted to $X in 2022, leveling off at the previous year. In general, consumption, however, saw a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cellulose Pulp Machinery Production in Asia

In value terms, cellulose pulp machinery production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a slight contraction. The growth pace was the most rapid in 2014 when the production volume increased by 3.3% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Cellulose Pulp Machinery Exports

Exports in Asia

After four years of growth, overseas shipments of machinery for making pulp of fibrous cellulosic material decreased by -1% to X units in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 228% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, cellulose pulp machinery exports expanded significantly to $X in 2022. In general, exports, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2015 when exports increased by 227% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was approx. 84% of total exports in 2022. It was distantly followed by Singapore (X units), committing a 5.9% share of total exports. India (X units), Thailand (X units) and South Korea (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cellulose pulp machinery exports from China stood at +17.2%. At the same time, Thailand (+162.5%), Singapore (+17.4%), India (+12.9%) and South Korea (+7.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +162.5% from 2012-2022. China (+14 p.p.) and Thailand (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -2.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cellulose pulp machinery supplier in Asia, comprising 75% of total exports. The second position in the ranking was held by Singapore ($X), with a 9.6% share of total exports. It was followed by India, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +4.7%. In the other countries, the average annual rates were as follows: Singapore (+11.2% per year) and India (+11.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by 7.3% against the previous year. Overall, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.6%), while the other leaders experienced a decline in the export price figures.

Cellulose Pulp Machinery Imports

Imports in Asia

In 2022, cellulose pulp machinery imports in Asia soared to X units, surging by 18% on 2021 figures. In general, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2013 when imports increased by 66%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, cellulose pulp machinery imports stood at $X in 2022. Overall, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2020 when imports increased by 44%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the nine major importers of machinery for making pulp of fibrous cellulosic material, namely Malaysia, China, Thailand, Singapore, India, Turkey, Vietnam, Bangladesh and Indonesia, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +38.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported machinery for making pulp of fibrous cellulosic material in Asia, comprising 36% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by India, with an 8.5% share.

In China, cellulose pulp machinery imports contracted by an average annual rate of -8.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+38.0% per year) and India (+3.7% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, with a decrease of -10.5% against the previous year. In general, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by 112% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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