Japan: Market for Pulp From Fibres Other Than Wood 2024

Market Size for Pulp From Fibres Other Than Wood in Japan

In 2022, the Japanese market for pulp from fibres other than wood increased by 35% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pulp From Fibres Other Than Wood in Japan

In value terms, production of pulp from fibres other than wood rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Pulp From Fibres Other Than Wood

Exports from Japan

In 2022, overseas shipments of pulp from fibres other than wood decreased by -91.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 123% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of pulp from fibres other than wood declined significantly to $X in 2022. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of pulp from fibres other than wood from Japan, with a 65% share of total exports. Moreover, exports of pulp from fibres other than wood to Hong Kong SAR exceeded the volume sent to the second major destination, Myanmar (X tons), threefold. The third position in this ranking was held by China (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+41.8% per year) and China (+3.7% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for pulp from fibres other than wood exports from Japan, comprising 63% of total exports. The second position in the ranking was held by Myanmar ($X), with a 22% share of total exports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR totaled -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+40.3% per year) and China (+28.2% per year).

Export Prices by Country

The average export price for pulp from fibres other than wood stood at $X per ton in 2022, increasing by 64% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulp From Fibres Other Than Wood

Imports into Japan

In 2022, overseas purchases of pulp from fibres other than wood increased by 15% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulp from fibres other than wood surged to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and the Philippines (X tons) were the main suppliers of imports of pulp from fibres other than wood to Japan, together accounting for 81% of total imports. Spain, Myanmar and Thailand lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +56.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pulp from fibres other than wood suppliers to Japan were China ($X), the United States ($X) and the Philippines ($X), together accounting for 80% of total imports. Spain, Myanmar and Thailand lagged somewhat behind, together accounting for a further 18%.

Myanmar, with a CAGR of +46.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pulp from fibres other than wood stood at $X per ton in 2022, increasing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :