Asia: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Asia

In 2023, the Asian dissolving grade wood pulp market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Dissolving Grade Wood Pulp in Asia

In value terms, dissolving grade wood pulp production amounted to $X in 2023 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production attained the peak level in 2023 and is expected to retain growth in the near future.

Exports of Dissolving Grade Wood Pulp

Exports in Asia

In 2023, exports of dissolving grade wood pulp in Asia contracted slightly to X tons, which is down by X% compared with 2022 figures. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, dissolving grade wood pulp exports totaled $X in 2023. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

Indonesia represented the key exporter of dissolving grade wood pulp in Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Lao People's Democratic Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%), Singapore (X%), Hong Kong SAR (X%) and Japan (X%). Thailand (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), Singapore (X%), Thailand (X%), Lao People's Democratic Republic (X%), Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Indonesia, Malaysia, Lao People's Democratic Republic, Singapore and Thailand increased by X, X, X, X and X percentage points, respectively.

In value terms, Indonesia ($X) remains the largest dissolving grade wood pulp supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Indonesia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, saw a noticeable reduction. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Imports of Dissolving Grade Wood Pulp

Imports in Asia

For the seventh year in a row, Asia recorded growth in supplies from abroad of dissolving grade wood pulp, which increased by X% to X tons in 2023. Total imports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, dissolving grade wood pulp imports expanded sharply to $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China represented the major importer of dissolving grade wood pulp in Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. India (X tons) took the second position in the ranking, followed by Malaysia (X tons) and Indonesia (X tons). All these countries together took approx. X% share of total imports. Thailand (X tons), Japan (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to dissolving grade wood pulp imports into China stood at X%. At the same time, Malaysia (X%), Singapore (X%), India (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Indonesia and Japan experienced a relatively flat trend pattern. While the share of Malaysia (X p.p.), China (X p.p.), India (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Japan (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported dissolving grade wood pulp in Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In China, dissolving grade wood pulp imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price recorded a slight downturn. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform