South-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 South-Eastern Asia

After two years of decline, the Southeast Asian market for chemical wood pulp (soda and sulphate, other than dissolving grades) increased by 13% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. 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 South-Eastern Asia

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 25%. 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 South-Eastern Asia

In 2021, shipments abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -4.2% to X tons, falling for the second consecutive year after four years of growth. The total export volume increased at an average annual rate of +4.1% 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 when exports increased by 23% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) expanded remarkably to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -20.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia dominates grades) structure, accounting for X tons, which was approx. 93% of total exports in 2021. The following exporters - Singapore (X tons) and Thailand (X tons) - together made up 5.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to soda and sulphate chemical wood pulp exports from Indonesia stood at +4.8%. At the same time, Thailand (+10.8%) and Singapore (+8.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +10.8% from 2012-2021. While the share of Indonesia (+5.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest soda and sulphate chemical wood pulp supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Singapore ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia amounted to +5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+10.1% per year) and Thailand (+9.8% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, picking up by 19% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.7%), 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 South-Eastern Asia

In 2021, supplies from abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -8.8% to X tons, falling for the second consecutive year after four years of growth. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.4% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 21%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) rose notably to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of chemical wood pulp (soda and sulphate, other than dissolving grades), namely Indonesia, Vietnam and Thailand, represented more than two-thirds of total import. Singapore (X tons) held the next position in the ranking, followed by Malaysia (X tons). All these countries together held approx. 19% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together comprising 78% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of imports, 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 South-Eastern Asia amounted to $X per ton, growing by 25% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Indonesia ($X per ton) and the Philippines ($X per ton), while Singapore ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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