ASEAN: Chemical Wood Pulp Market 2024

Chemical Wood Pulp Market Size in ASEAN

In 2022, the ASEAN chemical wood pulp market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chemical Wood Pulp Production in ASEAN

In value terms, chemical wood pulp production dropped to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chemical Wood Pulp Exports

Exports in ASEAN

In 2022, approx. X tons of chemical wood pulp were exported in ASEAN; with a decrease of X% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, chemical wood pulp exports expanded significantly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Singapore (X tons), mixing up a X% share of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Indonesia and Singapore increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest chemical wood pulp supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports.

In Indonesia, chemical wood pulp exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia totaled $X per ton.

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

Chemical Wood Pulp Imports

Imports in ASEAN

In 2022, purchases abroad of chemical wood pulp was finally on the rise to reach X tons after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, chemical wood pulp imports skyrocketed to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) represented the main importer of chemical wood pulp, comprising X% of total imports. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Malaysia (X%), Singapore (X%) and the Philippines (X%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chemical wood pulp importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total imports. Malaysia, the Philippines and Singapore lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Malaysia ($X per ton), while Singapore ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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