Asia-Pacific: 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-Pacific

After two years of decline, the Asia-Pacific market for chemical wood pulp (soda and sulphate, other than dissolving grades) increased by 11% to $X in 2021. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached 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-Pacific

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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

Exports in Asia-Pacific

In 2021, the amount of chemical wood pulp (soda and sulphate, other than dissolving grades) exported in Asia-Pacific totaled X tons, surging by 1.9% against 2020 figures. The total export volume increased at an average annual rate of +4.1% 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 2013 with an increase of 21% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) soared to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 -13.7% against 2018 indices. The growth pace was the most rapid in 2017 when exports increased by 28%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia represented the main exporter of chemical wood pulp (soda and sulphate, other than dissolving grades) in Asia-Pacific, with the volume of exports finishing at X tons, which was near 75% of total exports in 2021. It was distantly followed by New Zealand (X tons), generating an 11% share of total exports. The following exporters - Japan (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) - together made up 9.3% of total exports.

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, Taiwan (Chinese) (+26.2%), Singapore (+8.3%) and New Zealand (+4.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +26.2% from 2012-2021. By contrast, Japan (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia and Taiwan (Chinese) increased by +4.5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest soda and sulphate chemical wood pulp supplier in Asia-Pacific, comprising 70% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports. It was followed by Japan, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia stood at +5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+7.0% per year) and Japan (-0.1% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 23% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 24% against the previous year. 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.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Singapore ($X per ton) and New Zealand ($X per ton), while Indonesia ($X per ton) and Taiwan (Chinese) ($X per ton) were 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-Pacific

After nine years of growth, purchases abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -4.9% to X tons in 2021. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 15%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then contracted 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 resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 30% against the previous year. As a result, imports attained 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, amounting to X tons, which was near 74% of total imports in 2021. It was distantly followed by South Korea (X tons), making up a 6.6% share of total imports. Japan (X tons), India (X tons), Indonesia (X tons), Bangladesh (X tons) and Taiwan (Chinese) (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 imports into China stood at +5.8%. At the same time, Bangladesh (+16.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +16.3% 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. From 2012 to 2021, the share of China increased by +7.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chemical wood pulp (soda and sulphate, other than dissolving grades) in Asia-Pacific, comprising 74% of total imports. The second position in the ranking was taken by South Korea ($X), with a 5.6% share of total imports. It was followed by Japan, with a 5.1% share.

In China, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) expanded at an average annual rate of +6.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-1.3% per year) and Japan (+0.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, with an increase of 30% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the peak figure 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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