Asia-Pacific: Sulphite Wood Pulp Market 2024

Sulphite Wood Pulp Market Size in Asia-Pacific

The Asia-Pacific sulphite wood pulp market rose slightly to $X in 2021, increasing by 4.2% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Sulphite Wood Pulp Production in Asia-Pacific

In value terms, sulphite wood pulp production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Sulphite Wood Pulp Exports

Exports in Asia-Pacific

In 2021, shipments abroad of chemical wood pulp (sulphite, other than dissolving grades) decreased by -24.5% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 404%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, sulphite wood pulp exports fell remarkably to $X in 2021. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 213%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia was the largest exporting country with an export of about X tons, which finished at 46% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 21% share, followed by New Zealand (17%) and China (9.3%). Australia (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sulphite wood pulp exports from Indonesia stood at -13.3%. At the same time, China (+22.4%) and New Zealand (+6.0%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.4% from 2012-2021. By contrast, Australia (-4.0%) and Malaysia (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand, China, Malaysia and Australia increased by +14, +8.8, +2.1 and +1.6 percentage points, respectively.

In value terms, Indonesia ($X) remains the largest sulphite wood pulp supplier in Asia-Pacific, comprising 43% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total exports. It was followed by New Zealand, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia totaled -18.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-10.4% per year) and New Zealand (+4.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with a decrease of -10.5% against the previous year. Over the period under review, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by 40% against the previous year. 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 remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other leaders experienced a decline in the export price figures.

Sulphite Wood Pulp Imports

Imports in Asia-Pacific

In 2021, purchases abroad of chemical wood pulp (sulphite, other than dissolving grades) was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sulphite wood pulp imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a mild slump. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X tons) and Taiwan (Chinese) (X tons) represented roughly 69% of total imports in 2021. China (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Australia (5.5%). Pakistan (X tons) and Japan (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +23.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 75% of total imports. These countries were followed by Japan, Australia and Pakistan, which together accounted for a further 16%.

Australia, with a CAGR of +18.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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