Asia-Pacific: Cellulose Pulp Machinery Market 2024

Cellulose Pulp Machinery Market Size in Asia-Pacific

The Asia-Pacific cellulose pulp machinery market reached $X in 2022, increasing by 3.6% against the previous year. Overall, consumption, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 5.6%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cellulose Pulp Machinery Production in Asia-Pacific

In value terms, cellulose pulp machinery production declined slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight contraction. The growth pace was the most rapid in 2014 when the production volume increased by 3%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Cellulose Pulp Machinery Exports

Exports in Asia-Pacific

In 2022, shipments abroad of machinery for making pulp of fibrous cellulosic material decreased by -0.9% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 229%. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, cellulose pulp machinery exports rose significantly to $X in 2022. Overall, exports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2015 with an increase of 228%. 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, accounting for X units, which was approx. 84% of total exports in 2022. It was distantly followed by Singapore (X units), achieving a 5.9% share of total exports. The following exporters - India (X units), Thailand (X units) and South Korea (X units) - together made up 9.4% of total exports.

Exports from China increased at an average annual rate of +17.2% from 2012 to 2022. 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-Pacific, with a CAGR of +162.5% from 2012-2022. China (+13 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 -2.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, cellulose pulp machinery exports expanded at an average annual rate of +4.7% over the period from 2012-2022. 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

The export price in Asia-Pacific stood at $X per unit in 2022, rising by 7.4% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when the export price increased by 17%. Over the period under review, the export prices attained the maximum 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-Pacific

In 2022, cellulose pulp machinery imports in Asia-Pacific skyrocketed to X units, increasing by 24% against the year before. Overall, imports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of 94%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cellulose pulp machinery imports soared to $X in 2022. In general, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 58%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), China (X units), Thailand (X units), Singapore (X units) and India (X units) represented roughly 82% of total imports in 2022. It was distantly followed by Vietnam (X units), committing a 4.7% share of total imports. Bangladesh (X units) took a little share of total imports.

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 ($X) constitutes the largest market for imported machinery for making pulp of fibrous cellulosic material in Asia-Pacific, comprising 41% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by India, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -8.4%. 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-Pacific stood at $X per unit in 2022, flattening at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 40%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Singapore ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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