South-Eastern Asia: Market for Pulp From Fibres Other Than Wood 2024

Market Size for Pulp From Fibres Other Than Wood in South-Eastern Asia

In 2022, the Southeast Asian market for pulp from fibres other than wood increased by 1% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a slight reduction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Pulp From Fibres Other Than Wood in South-Eastern Asia

In value terms, production of pulp from fibres other than wood contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 27% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Pulp From Fibres Other Than Wood

Exports in South-Eastern Asia

In 2022, exports of pulp from fibres other than wood in South-Eastern Asia dropped rapidly to X tons, falling by -17.8% compared with 2021. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pulp from fibres other than wood dropped to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 35%. Over the period under review, the exports of reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, the Philippines (X tons) was the largest exporter of pulp from fibres other than wood, committing 65% of total exports. It was distantly followed by Thailand (X tons), making up a 31% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

Exports from the Philippines increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Indonesia (+20.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +20.2% from 2012-2022. By contrast, Thailand (-15.1%) illustrated a downward trend over the same period. The Philippines (+42 p.p.) and Indonesia (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -42.2% from 2012 to 2022, respectively.

In value terms, the Philippines ($X) remains the largest pulp from fibres other than wood supplier in South-Eastern Asia, comprising 90% of total exports. The second position in the ranking was held by Thailand ($X), with an 8.2% share of total exports.

In the Philippines, exports of pulp from fibres other than wood increased at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-11.3% per year) and Indonesia (+15.9% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 7.4% against the previous year. In general, the export price showed buoyant growth. The growth pace was the most rapid in 2019 when the export price increased by 84%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand ($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 (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pulp From Fibres Other Than Wood

Imports in South-Eastern Asia

In 2022, approx. X tons of pulp from fibres other than wood were imported in South-Eastern Asia; falling by -24.6% compared with 2021 figures. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulp from fibres other than wood shrank modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly 74% of total imports in 2022. Vietnam (X tons) ranks next in terms of the total imports with a 14% share, followed by Malaysia (5.6%) and the Philippines (4.5%). Singapore (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pulp from fibres other than wood importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined 89% share of total imports. Malaysia, the Philippines and Singapore lagged somewhat behind, together comprising a further 11%.

Singapore, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. 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 Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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