Chemical Wood Pulp Market in China
Market Overview
In 
, the Chinese chemical wood pulp market increased by % to $, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a strong increase. Chemical wood pulp consumption peaked in and is expected to retain growth in the immediate term.
In value terms, chemical wood pulp production totaled $ in estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Over the period under review, production hit record highs at $ in ; afterwards, it flattened through to .
, the Chinese chemical wood pulp market increased by % to $, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a strong increase. Chemical wood pulp consumption peaked in and is expected to retain growth in the immediate term.In value terms, chemical wood pulp production totaled $
in estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Over the period under review, production hit record highs at $ in ; afterwards, it flattened through to .Consumption
In , consumption of chemical wood pulp decreased by -% to tons, falling for the second consecutive year after ten years of growth. In general, consumption, however, showed a strong increase. Chemical wood pulp consumption peaked at tons in ; however, from to , consumption stood at a somewhat lower figure.
The size of the chemical wood pulp market in China expanded remarkably to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs in and is likely to see steady growth in the immediate term.
, consumption of chemical wood pulp decreased by -% to tons, falling for the second consecutive year after ten years of growth. In general, consumption, however, showed a strong increase. Chemical wood pulp consumption peaked at tons in ; however, from to , consumption stood at a somewhat lower figure.The size of the chemical wood pulp market in China expanded remarkably to $
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs in and is likely to see steady growth in the immediate term.Consumption by Type
Bleached sulphate pulp ( tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, bleached sulphate pulp exceeded the figures recorded for the second-largest type, unbleached sulphate pulp ( tons), tenfold. Unbleached sulphite pulp ( tons) ranked third in terms of total consumption with less than % share.
From 2007 to, the average annual rate of growth in terms of the volume of bleached sulphate pulp consumptions stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: unbleached sulphate pulp (+% per year) and unbleached sulphite pulp (-% per year).
In value terms, bleached sulphate pulp ($) led the market, alone. The second position in the ranking was taken by unbleached sulphate pulp ($). It was followed by unbleached sulphite pulp.
From 2007 to, the average annual rate of growth in terms of the value of bleached sulphate pulp markets totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: unbleached sulphate pulp (+% per year) and unbleached sulphite pulp (-% per year).
tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, bleached sulphate pulp exceeded the figures recorded for the second-largest type, unbleached sulphate pulp ( tons), tenfold. Unbleached sulphite pulp ( tons) ranked third in terms of total consumption with less than % share.From 2007 to
, the average annual rate of growth in terms of the volume of bleached sulphate pulp consumptions stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: unbleached sulphate pulp (+% per year) and unbleached sulphite pulp (-% per year).In value terms, bleached sulphate pulp ($
) led the market, alone. The second position in the ranking was taken by unbleached sulphate pulp ($). It was followed by unbleached sulphite pulp.From 2007 to
, the average annual rate of growth in terms of the value of bleached sulphate pulp markets totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: unbleached sulphate pulp (+% per year) and unbleached sulphite pulp (-% per year).Market Forecast
Driven by increasing demand for chemical wood pulp in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
China remains a net importer of chemical wood pulp; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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