Thailand: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2025

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

The Thai market for chemical wood pulp (soda and sulphate, other than dissolving grades) was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a pronounced contraction. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

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

Exports from Thailand

Exports of chemical wood pulp (soda and sulphate, other than dissolving grades) from Thailand declined dramatically to X tons in 2021, with a decrease of -37.4% against the previous year's figure. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 179%. The exports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) contracted dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 202%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of chemical wood pulp (soda and sulphate, other than dissolving grades) from Thailand, with a 56% share of total exports. Moreover, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. France (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+17.4% per year) and France (-23.9% per year).

In value terms, China ($X) remains the key foreign market for chemical wood pulp (soda and sulphate, other than dissolving grades) exports from Thailand, comprising 55% of total exports. The second position in the ranking was held by Vietnam ($X), with a 22% share of total exports. It was followed by France, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+17.3% per year) and France (-26.9% per year).

Export Prices by Country

The average export price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2021, jumping by 32% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Thailand

In 2021, purchases abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) increased by 12% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 15%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Brazil (X tons) and Canada (X tons) were the main suppliers of imports of chemical wood pulp (soda and sulphate, other than dissolving grades) to Thailand, together accounting for 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +5.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Canada ($X) appeared to be the largest soda and sulphate chemical wood pulp suppliers to Thailand, with a combined 65% share of total imports. Sweden, Chile, Finland, South Africa and Indonesia lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Finland, with a CAGR of +6.6%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average import price for chemical wood pulp (soda and sulphate, other than dissolving grades) amounted to $X per ton, rising by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and Finland ($X per ton), while the price for Indonesia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :