Southern Asia: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2025

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Southern Asia

In 2022, the South Asian market for wood pulp, excluding mechanical wood pulp increased by 9% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +25.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Southern Asia

In value terms, production of wood pulp, excluding mechanical wood pulp shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 110% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports in Southern Asia

After three years of decline, shipments abroad of wood pulp, excluding mechanical wood pulp increased by 12% to X tons in 2022. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 197% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp shrank modestly to $X in 2022. Overall, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 261%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of wood pulp, excluding mechanical wood pulp, namely India, represented more than two-thirds of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of wood pulp, excluding mechanical wood pulp. From 2012 to 2022, the share of India increased by +47 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest wood pulp, excluding mechanical wood pulp supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +1.1%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, declining by -12.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2015 when the export price increased by 52% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, 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 +1.9% per year.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports in Southern Asia

In 2022, approx. X tons of wood pulp, excluding mechanical wood pulp were imported in Southern Asia; growing by 25% on 2021. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood pulp, excluding mechanical wood pulp surged to $X in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, India (X tons) was the largest importer of wood pulp, excluding mechanical wood pulp, achieving 79% of total imports. Pakistan (X tons) held the second position in the ranking, followed by Bangladesh (X tons). All these countries together took approx. 21% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood pulp, excluding mechanical wood pulp imports into India stood at +8.9%. At the same time, Pakistan (+13.3%) and Bangladesh (+2.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.3% from 2012-2022. While the share of Pakistan (+3.8 p.p.) and India (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-7.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported wood pulp, excluding mechanical wood pulp in Southern Asia, comprising 82% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 12% share of total imports.

In India, imports of wood pulp, excluding mechanical wood pulp expanded at an average annual rate of +11.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+16.8% per year) and Bangladesh (+1.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, jumping by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 when the import price increased by 30% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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