Thailand: Market for Pulp From Fibres Other Than Wood 2025

Market Size for Pulp From Fibres Other Than Wood in Thailand

The Thai market for pulp from fibres other than wood declined to $X in 2022, which is down by -6.6% against the previous year. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Production of Pulp From Fibres Other Than Wood in Thailand

In value terms, production of pulp from fibres other than wood dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -21.2% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 47%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Pulp From Fibres Other Than Wood

Exports from Thailand

In 2022, exports of pulp from fibres other than wood from Thailand dropped rapidly to X tons, which is down by -18% on 2021. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 60%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of pulp from fibres other than wood dropped to $X in 2022. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 47% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of pulp from fibres other than wood from Thailand, accounting for a 58% share of total exports. Moreover, exports of pulp from fibres other than wood to China exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.4% per year) and Japan (-3.6% per year).

In value terms, China ($X) remains the key foreign market for pulp from fibres other than wood exports from Thailand, comprising 56% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports. It was followed by Japan, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to China stood at -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.6% per year) and Japan (-0.7% per year).

Export Prices by Country

In 2022, the average export price for pulp from fibres other than wood amounted to $X per ton, with an increase of 5.9% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pulp from fibres other than wood increased by +30.9% against 2020 indices. The growth pace was the most rapid in 2019 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulp From Fibres Other Than Wood

Imports into Thailand

In 2022, imports of pulp from fibres other than wood into Thailand shrank sharply to X tons, dropping by -19.2% on 2021 figures. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of pulp from fibres other than wood expanded sharply to $X in 2022. Over the period under review, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest pulp from fibres other than wood supplier to Thailand, accounting for a 85% share of total imports. Moreover, imports of pulp from fibres other than wood from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.5%.

In value terms, China ($X) constituted the largest supplier of pulp from fibres other than wood to Thailand, comprising 84% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2022, the average import price for pulp from fibres other than wood amounted to $X per ton, picking up by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Source: IndexBox Platform

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