South-Eastern Asia: Unbleached Sulphite Pulp Market 2024

Unbleached Sulphite Pulp Market Size in South-Eastern Asia

The Southeast Asian unbleached sulphite pulp market contracted to $X in 2022, reducing by -7.4% against the previous year. Over the period under review, consumption saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Unbleached Sulphite Pulp Production in South-Eastern Asia

In value terms, unbleached sulphite pulp production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Unbleached Sulphite Pulp Exports

Exports in South-Eastern Asia

For the eighth consecutive year, South-Eastern Asia recorded growth in shipments abroad of unbleached sulphite pulp, which increased by 15% to X tons in 2022. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, unbleached sulphite pulp exports skyrocketed to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 38%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Singapore dominates exports structure, resulting at X tons, which was near 89% of total exports in 2022. It was distantly followed by Malaysia (X tons), creating a 6.3% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the unbleached sulphite pulp exports, with a CAGR of +11.4% from 2012 to 2022. Malaysia (-6.0%) and Indonesia (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by +31 percentage points.

In value terms, Singapore ($X) remains the largest unbleached sulphite pulp supplier in South-Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total exports.

In Singapore, unbleached sulphite pulp exports increased at an average annual rate of +16.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+0.3% per year) and Indonesia (-12.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 5.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Unbleached Sulphite Pulp Imports

Imports in South-Eastern Asia

In 2022, after three years of decline, there was growth in supplies from abroad of unbleached sulphite pulp, when their volume increased by 1.5% to X tons. Overall, imports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, unbleached sulphite pulp imports reduced to $X in 2022. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 77% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines represented the main importing country with an import of about X tons, which accounted for 65% of total imports. It was distantly followed by Indonesia (X tons), creating a 28% share of total imports. Vietnam (X tons) took a minor share of total imports.

The Philippines was also the fastest-growing in terms of the unbleached sulphite pulp imports, with a CAGR of -19.1% from 2012 to 2022. Vietnam (-20.4%) and Indonesia (-23.8%) illustrated a downward trend over the same period. The Philippines (+14 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -12% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unbleached sulphite pulp importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Indonesia ($X), with a combined 98% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of -9.9%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -13.8% against the previous year. Overall, the import price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when the import price increased by 89%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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