Eastern Asia: Mechanical Wood Pulp Market 2024

Mechanical Wood Pulp Market Size in Eastern Asia

The East Asian mechanical wood pulp market declined modestly to $X in 2022, approximately reflecting the previous year. Overall, consumption recorded a slight downturn. The most prominent rate of growth was recorded in 2020 when the market value increased by 4.7% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Mechanical Wood Pulp Production in Eastern Asia

In value terms, mechanical wood pulp production rose rapidly to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 39%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mechanical Wood Pulp Exports

Exports in Eastern Asia

Mechanical wood pulp exports reduced sharply to X tons in 2022, with a decrease of -30.8% on the previous year's figure. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 188%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical wood pulp exports expanded notably to $X in 2022. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 434% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) was the key exporter of mechanical wood pulp in Eastern Asia, with the volume of exports accounting for X tons, which was approx. 67% of total exports in 2022. It was distantly followed by China (X tons), generating a 32% share of total exports.

Taiwan (Chinese) was also the fastest-growing in terms of the mechanical wood pulp exports, with a CAGR of +75.5% from 2012 to 2022. At the same time, China (+3.4%) displayed positive paces of growth. From 2012 to 2022, the share of Taiwan (Chinese) increased by +67 percentage points.

In value terms, the largest mechanical wood pulp supplying countries in Eastern Asia were China ($X) and Taiwan (Chinese) ($X).

Taiwan (Chinese), with a CAGR of +64.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by 58% against the previous year. Over the period under review, the export price posted a strong increase. The growth pace was the most rapid in 2015 when the export price increased by 85%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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 China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.8%).

Mechanical Wood Pulp Imports

Imports in Eastern Asia

In 2022, mechanical wood pulp imports in Eastern Asia declined rapidly to X tons, reducing by -79.1% on 2021 figures. In general, imports saw a sharp downturn. The smallest decline of -1.7% was in 2018. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical wood pulp imports fell notably to $X in 2022. Over the period under review, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Japan (X tons) were the largest importers of mechanical wood pulp in 2022, accounting for approx. 45% and 31% of total imports, respectively. Hong Kong SAR (X tons) ranks next in terms of the total imports with a 15% share, followed by South Korea (4.7%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hong Kong SAR (with a CAGR of -4.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest mechanical wood pulp importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 89% share of total imports.

Among the main importing countries, China, with a CAGR of -3.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 43% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mechanical wood pulp import price increased by +72.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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