Asia-Pacific: Market for Cellulose and its Chemical Derivatives in Primary Forms 2024

Market Size for Cellulose and its Chemical Derivatives in Primary Forms in Asia-Pacific

In 2023, the Asia-Pacific market for cellulose and its chemical derivatives in primary forms decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Cellulose and its Chemical Derivatives in Primary Forms in Asia-Pacific

In value terms, production of cellulose and its chemical derivatives in primary forms amounted to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a somewhat lower figure.

Exports of Cellulose and its Chemical Derivatives in Primary Forms

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in shipments abroad of cellulose and its chemical derivatives in primary forms, which increased by X% to X tons in 2023. Total exports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, exports of cellulose and its chemical derivatives in primary forms contracted modestly to $X in 2023. Total exports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China was the key exporter of cellulose and its chemical derivatives in primary forms in Asia-Pacific, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. South Korea (X tons) ranks second in terms of the total exports with an X% share, followed by India (X%), Thailand (X%), Taiwan (Chinese) (X%) and Japan (X%).

From 2012 to 2023, average annual rates of growth with regard to cellulose and its chemical derivatives in primary forms exports from China stood at X%. At the same time, India (X%), Japan (X%), South Korea (X%), Thailand (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. While the share of China (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cellulose and its chemical derivatives in primary forms supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cellulose and its Chemical Derivatives in Primary Forms

Imports in Asia-Pacific

In 2023, the amount of cellulose and its chemical derivatives in primary forms imported in Asia-Pacific reached X tons, picking up by X% against 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, imports of cellulose and its chemical derivatives in primary forms contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, India (X tons) and China (X tons) were the key importers of cellulose and its chemical derivatives in primary forms in Asia-Pacific, together amounting to near X% of total imports. South Korea (X tons) held the next position in the ranking, followed by Vietnam (X tons), Japan (X tons), Pakistan (X tons), Indonesia (X tons) and Thailand (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Asia-Pacific stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform