Southern Asia: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2024

Market Size for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Southern Asia

After three years of decline, the South Asian market for chemical wood pulp (soda and sulphate, other than dissolving grades) increased by 9.9% to $X in 2021. Over the period under review, consumption showed perceptible growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Southern Asia

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) reached $X in 2021 estimated in export price. Overall, production, however, recorded slight growth. The most prominent rate of growth was recorded in 2015 with an increase of 62%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Exports in Southern Asia

In 2021, after two years of decline, there was growth in overseas shipments of chemical wood pulp (soda and sulphate, other than dissolving grades), when their volume increased by 0.7% to X tons. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2018 with an increase of 110% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) surged to $X in 2021. Over the period under review, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 119%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

India dominates grades) structure, recording X tons, which was approx. 98% of total exports in 2021. Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the chemical wood pulp (soda and sulphate, other than dissolving grades) exports, with a CAGR of -12.6% from 2012 to 2021. Sri Lanka (-21.5%) illustrated a downward trend over the same period. India (+8.4 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -3.1% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest soda and sulphate chemical wood pulp supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 2.8% share of total exports.

In India, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) plunged by an average annual rate of -12.4% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 31% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.8%).

Imports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Imports in Southern Asia

Imports of chemical wood pulp (soda and sulphate, other than dissolving grades) surged to X tons in 2021, growing by 22% against 2020. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons) and Bangladesh (X tons) represented roughly 87% of total imports in 2021. It was distantly followed by Pakistan (X tons), creating a 13% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2021, together comprising 100% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +14.9%, recorded the highest growth rate of 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

The import price in Southern Asia stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 24%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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