Eastern Asia: Mechanical Wood Pulp Market 2024

Mechanical Wood Pulp Market Size in Eastern Asia

The East Asian mechanical wood pulp market was estimated at $X in 2022, stabilizing at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mechanical Wood Pulp Production in Eastern Asia

In value terms, mechanical wood pulp production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mechanical Wood Pulp Exports

Exports in Eastern Asia

Mechanical wood pulp exports shrank significantly to X tons in 2022, with a decrease of X% compared with 2021. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical wood pulp exports soared to $X in 2022. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mechanical wood pulp exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest mechanical wood pulp supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In China, mechanical wood pulp exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate strong growth. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR totaled $X per ton.

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

Mechanical Wood Pulp Imports

Imports in Eastern Asia

In 2022, the amount of mechanical wood pulp imported in Eastern Asia fell significantly to X tons, dropping by X% against the year before. Over the period under review, imports recorded a precipitous setback. The smallest decline of X% was in 2018. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mechanical wood pulp imports shrank notably to $X in 2022. In general, imports faced a sharp reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons) and Japan (X tons) represented roughly X% of total imports in 2022. Hong Kong SAR (X tons) ranks next in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%) and South Korea (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price 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, mechanical wood pulp import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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