Thailand: Sulphite Wood Pulp Market 2024

Sulphite Wood Pulp Market Size in Thailand

The Thai sulphite wood pulp market reduced modestly to $X in 2021, almost unchanged from the previous year. Over the period under review, consumption, however, saw a perceptible slump. Sulphite wood pulp consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sulphite Wood Pulp Production in Thailand

In value terms, sulphite wood pulp production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Sulphite Wood Pulp Exports

Exports from Thailand

In 2021, shipments abroad of chemical wood pulp (sulphite, other than dissolving grades) decreased by 0% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 182%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, sulphite wood pulp exports stood at $X in 2021. Overall, exports showed a sharp setback. The pace of growth was the most pronounced in 2016 with an increase of 187% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Myanmar (X tons) and Cambodia (X tons) were the main destinations of sulphite wood pulp exports from Thailand. Moreover, sulphite wood pulp exports in Myanmar exceeded the figures recorded by the second-largest exporter, Cambodia, twofold.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of 0.0%).

In value terms, the largest markets for sulphite wood pulp exported from Thailand were Myanmar ($X) and Cambodia ($X).

Myanmar, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average sulphite wood pulp export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price posted a strong expansion. The growth pace was the most rapid in 2017 an increase of 36% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Myanmar stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphite Wood Pulp Imports

Imports into Thailand

In 2021, purchases abroad of chemical wood pulp (sulphite, other than dissolving grades) decreased by -14.8% to X tons, falling for the third year in a row after five years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 551%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, sulphite wood pulp imports amounted to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 266%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main sulphite wood pulp supplier to Thailand, accounting for a 96% share of total imports. Moreover, sulphite wood pulp imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+12.4% per year) and the United States (-52.8% per year).

In value terms, Germany ($X) constituted the largest supplier of chemical wood pulp (sulphite, other than dissolving grades) to Thailand, comprising 96% of total imports. The second position in the ranking was taken by Norway ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+8.0% per year) and the United States (-54.8% per year).

Import Prices by Country

The average sulphite wood pulp import price stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 38%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+19.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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