Southern Asia: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Southern Asia

The South Asian dissolving grade wood pulp market surged to $X in 2022, with an increase of 20% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.8% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Production of Dissolving Grade Wood Pulp in Southern Asia

In value terms, dissolving grade wood pulp production reduced dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 65%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Dissolving Grade Wood Pulp

Exports in Southern Asia

In 2022, dissolving grade wood pulp exports in Southern Asia fell markedly to X kg, dropping by -92.7% compared with the previous year. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 8,931% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, dissolving grade wood pulp exports fell significantly to $X in 2022. In general, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2017 when exports increased by 7,210% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India was the main exporting country with an export of about X kg, which recorded 80% of total exports. It was distantly followed by Sri Lanka (X kg), committing an 18% share of total exports. Bangladesh (X kg) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -23.7% from 2012 to 2022. Sri Lanka (-15.6%) and Bangladesh (-47.8%) illustrated a downward trend over the same period. India (+39 p.p.) and Sri Lanka (+18 p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by -56.8% from 2012 to 2022, respectively.

In value terms, the largest dissolving grade wood pulp supplying countries in Southern Asia were India ($X), Sri Lanka ($X) and Bangladesh ($X).

Sri Lanka, with a CAGR of -29.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with a decrease of -14.5% against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2018 when the export price increased by 32%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+18.3%), while the other leaders experienced a decline in the export price figures.

Imports of Dissolving Grade Wood Pulp

Imports in Southern Asia

In 2022, approx. X tons of dissolving grade wood pulp were imported in Southern Asia; surging by 18% against the previous year. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 58% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, dissolving grade wood pulp imports soared to $X in 2022. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 92% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

India (X tons) represented roughly 100% of total imports in 2022.

India was also the fastest-growing in terms of the dissolving grade wood pulp imports, with a CAGR of +14.8% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported dissolving grade wood pulp in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +12.6%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, picking up by 8.1% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the import price increased by 22%. The level of import peaked at $X per ton in 2012; however, from 2013 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 India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.8% per year.

Source: IndexBox Platform

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