Asia-Pacific: Market for Dissolving Grade Wood Pulp 2025

Market Size for Dissolving Grade Wood Pulp in Asia-Pacific

In 2021, the Asia-Pacific dissolving grade wood pulp market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. 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 somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Production of Dissolving Grade Wood Pulp in Asia-Pacific

In value terms, dissolving grade wood pulp production contracted to $X in 2021 estimated in export price. Overall, production recorded a mild setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Dissolving Grade Wood Pulp

Exports in Asia-Pacific

In 2021, approx. X tons of dissolving grade wood pulp were exported in Asia-Pacific; surging by 22% on 2020. Overall, exports saw a significant increase. The growth pace was the most rapid in 2019 when exports increased by 250%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, dissolving grade wood pulp exports soared to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of 156% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Indonesia (X tons) represented the main exporter of dissolving grade wood pulp, achieving 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) took a little share of total exports.

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 -21.7% and -46.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Indonesia, dissolving grade wood pulp exports expanded at an average annual rate of +115.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (+29.6% per year) and Malaysia (-4.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 23% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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-Pacific

In 2021, the amount of dissolving grade wood pulp imported in Asia-Pacific surged to X tons, jumping by 16% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, dissolving grade wood pulp imports soared 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 in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the major importer of dissolving grade wood pulp in Asia-Pacific, with the volume of imports resulting at X tons, which was approx. 66% of total imports in 2021. It was distantly followed by India (X tons) and Indonesia (X tons), together creating a 22% share of total imports. Malaysia (X tons), Thailand (X tons) and Japan (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +9.1% from 2012 to 2021. 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-Pacific, 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 +15, +6.4 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported dissolving grade wood pulp in Asia-Pacific, comprising 67% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Indonesia, with an 8.3% share.

In China, dissolving grade wood pulp imports expanded at an average annual rate of +6.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (+11.0% per year) and Indonesia (-0.4% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 32% against the previous year. In general, the import price, however, recorded a mild curtailment. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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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