Eastern Asia: 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 Eastern Asia

After two years of decline, the East Asian market for chemical wood pulp (soda and sulphate, other than dissolving grades) increased by 13% to $X in 2021. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Eastern Asia

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 production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.2% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 34%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

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

Exports in Eastern Asia

In 2021, overseas shipments of chemical wood pulp (soda and sulphate, other than dissolving grades) increased by 17% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.7% 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 was the most pronounced in 2013 with an increase of 29%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Japan represented the main exporting country with an export of around X tons, which finished at 49% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons), together comprising a 51% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, with a combined 91% share of total exports.

Taiwan (Chinese), with a CAGR of +24.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 33% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($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 (+3.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Asia

After nine years of growth, purchases abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -5.9% to X tons in 2021. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.7% against 2012 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) surged to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

China dominates grades) structure, finishing at X tons, which was near 85% of total imports in 2021. South Korea (X tons) took the second position in the ranking, followed by Japan (X tons). All these countries together took near 13% share of total imports. Taiwan (Chinese) (X tons) held a minor share of total imports.

China was also the fastest-growing in terms of the chemical wood pulp (soda and sulphate, other than dissolving grades) imports, with a CAGR of +5.8% from 2012 to 2021. Taiwan (Chinese) and South Korea experienced a relatively flat trend pattern. Japan (-1.5%) illustrated a downward trend over the same period. While the share of China (+8.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-3.5 p.p.) and South Korea (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chemical wood pulp (soda and sulphate, other than dissolving grades) in Eastern Asia, comprising 86% of total imports. The second position in the ranking was taken by South Korea ($X), with a 6.5% share of total imports. It was followed by Japan, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.7%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-1.3% per year) and Japan (+0.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, increasing by 31% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($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 (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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