South-Eastern Asia: Mechanical Wood Pulp Market 2025

Mechanical Wood Pulp Market Size in South-Eastern Asia

The Southeast Asian mechanical wood pulp market declined slightly to $X in 2022, shrinking by -2.6% against the previous year. Overall, consumption recorded a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 5.5%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mechanical Wood Pulp Production in South-Eastern Asia

In value terms, mechanical wood pulp production shrank to $X in 2022 estimated in export price. In general, production recorded a perceptible shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 8.6%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mechanical Wood Pulp Exports

Exports in South-Eastern Asia

In 2022, mechanical wood pulp exports in South-Eastern Asia was estimated at X tons, growing by 2.7% against the previous year. In general, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 275%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mechanical wood pulp exports declined to $X in 2022. Over the period under review, exports, however, faced a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 234%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X tons) was the major exporter of mechanical wood pulp, comprising 53% of total exports. Thailand (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (18%) and Singapore (5%).

Malaysia was also the fastest-growing in terms of the mechanical wood pulp exports, with a CAGR of +26.4% from 2012 to 2022. At the same time, Vietnam (+10.4%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (-33.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand and Vietnam increased by +52, +20 and +17 percentage points, respectively.

In value terms, Thailand ($X) remains the largest mechanical wood pulp supplier in South-Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 10% share of total exports. It was followed by Vietnam, with a 5.4% share.

In Thailand, mechanical wood pulp exports increased at an average annual rate of +2.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+11.8% per year) and Vietnam (+9.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by -7.1% against the previous year. Overall, the export price, however, posted a perceptible expansion. The growth pace was the most rapid in 2021 an increase of 308% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($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 (+2.5%), while the other leaders experienced a decline in the export price figures.

Mechanical Wood Pulp Imports

Imports in South-Eastern Asia

In 2022, imports of mechanical wood pulp in South-Eastern Asia soared to X tons, picking up by 50% against the previous year. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 338% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, mechanical wood pulp imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 348% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons) represented roughly 97% of total imports in 2022.

Indonesia was also the fastest-growing in terms of the mechanical wood pulp imports, with a CAGR of -14.8% from 2012 to 2022. From 2012 to 2022, the share of Indonesia increased by +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported mechanical wood pulp in South-Eastern Asia.

In Indonesia, mechanical wood pulp imports shrank by an average annual rate of -15.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -1.2% per year.

Source: IndexBox Platform

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