Global and China Dissolving Pulp Industry Report, 2012-2015 May 2013 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically significant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence To establish a comprehensive, factual, annually updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective acquisition and joint venture candidates. To complement the organizations’ internal competitor information INFORMATION SOURCES The primary information sources include Company Reports, and National Bureau of Statistics of China etc. gathering efforts with strategic analysis, data interpretation and insight. To suggest for concerned investors in line with the current development of this industry as well as the development tendency. To help company to succeed in a competitive market, and Copyright 2012 ResearchInChina understand the size and growth rate of any opportunity. Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Abstract Dissolving pulp refers to the pulp with the cellulose content above 90%, including wood pulp, bamboo pulp and cotton pulp. The report touches on the first two categories. In the world, the dissolving pulp capacity concentrates in regions with abundant forest resources such as North America, South Africa and Brazil. Between 2011 and 2012, China’s intensive release of dissolving However, due to the bleak demand in global textile market as well as the international low-priced dissolving pulp, China-made dissolving pulp products took a nosedive in price, forcing most industrial players to slash their output and even suspend their production in order to reduce losses. In 2012, China’s dissolving pulp output was just about 335,000 tons, with the operating rate down to 35.7%. pulp capacity made it possible to become one of the major producing regions of dissolving pulp all across the globe. Major dissolving pulp The downstream application of dissolving pulp, with the raw producers worldwide include Aditya Birla, Sappi, Sateri, Rayonier, materials of wood and bamboo, concentrates in viscose industry. Buckeye, and Lenzing, the combined capacity of which in 2012 China boasts the world’s largest viscose producing region, with accounted for 61.4% of the world’s total. 2012 output making up 62% of the global total. And the China’s viscose output is predicted to keep a growth rate of 10% in In 2010, the dissolving pulp capacity of China was no more than 240,000 upcoming years, further boosting the demand for dissolving pulp. At tons, with the import dependence rate surpassing 80%. The considerable the same time, the Ministry of Commerce of China is set to launch demand for dissolving pulp encouraged many companies to build new anti-dumping champion on dissolving pulp projects in Feb.2013. If dissolving pulp projects, leading to the substantial rise in capacity to approved, China-made dissolving pulp is expected to give full play 937,500 tons by 2012. to the advantages as substitutes of its imported equivalents, witnessing double rise in both output and price. Copyright 2012ResearchInChina Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com There were only 9 companies in China in the production of dissolving pulp in 2012. Most of them are medium- and large-sized papermaking and chemical fiber enterprises. Among the papermaking companies, they were Yueyang Forest & Paper, Sun Paper and Fujian Qingshan Paper Industry which were specialized in the production of wood dissolving pulp with the respective capacity of 300,000 tons/a, 200,000 tons/a and 96,000 tons/a; among the chemical fiber players, they were Jilin Chemical Fiber Group and Yibin Grace Group Company which were primarily focused on the production of bamboo dissolving pulp. In particular, Jilin Chemical Fiber Group’s 95,000 tons/a bamboo pulp project is under construction and, is expected to be put into production by the end of 2013. Dissolving Pulp Companies in China and Their Capacities (%), 2012 The report deals with the followings: Supply & Demand, Competition Pattern, and Price Analysis of Global Dissolving Pulp Industry; Supply & Demand, Competition Pattern, Import & Export, Price Analysis, Development and Outlook of China Dissolving Pulp Industry; Supply & Demand, Competition Pattern, Import & Export, Price Analysis, Development and Outlook of Downstream Viscose Industry; Operation, Dissolving Pulp Business, Prediction and Prospects of 13 Dissolving Pulp Manufacturers Worldwide; Copyright 2012ResearchInChina Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Table of contents 1. Overview of Dissolving Pulp Industry 1.1 Definition & Classification 1.2 Industrial Chain 2. Global Dissolving Pulp Industry 2.1 Status Quo 2.2 Price Analysis 3. China Dissolving Pulp Industry 3.1 Status Quo 3.2 Supply 3.3 Demand 3.4 Import & Export 3.5 Competition Pattern 3.6 Price Analysis 3.7 Development & Prediction 3.7.1 Anti-Dumping Investigation 3.7.2 Supply & Demand Outlook 4. Downstream Viscose Market 4.1 Overall Development 4.2 Capacity 4.3 Output 4.4 Import & Export 4.5 Price Analysis 4.6 Development & Prediction 5. Major Dissolving Pulp Companies Worldwide 5.1 Sateri Holdings 5.1.1 Profile 5.1.2 Operation 5.1.3 Revenue Structure 5.1.4 Gross Margin 5.1.5 Dissolving Pulp Business 5.1.6 Business in China 5.2 Sappi 5.2.1 Profile 5.2.2 Operation 5.2.3 Revenue Structure 5.2.4 Operation of Sappi South Africa 5.2.5 Dissolving Pulp Business 5.2.6 Business in China 5.3 Rayonier 5.3.1 Profile 5.3.2 Operation 5.3.3 Revenue Structure 5.3.4 Dissolving Pulp Business 5.4 Aditya Birla Group 5.4.1 Profile 5.4.2 Operation of Grasim 5.4.3 Dissolving Pulp Business of Grasim 5.4.4 Business in China 5.5 Lenzing Group 6. Main Dissolving Pulp Producers in China 6.1 Sun Paper 6.1.1 Profile 6.1.2 Operation 6.1.3 Revenue Structure 6.1.4 Gross Margin 6.1.5 Clients & Suppliers 6.1.6 Dissolving Pulp Business 6.1.7 Prediction & Outlook 6.2 Jilin Chemical Fiber Group 6.2.1 Profile 6.2.2 Operation 6.2.3 Revenue Structure 6.2.4 Gross Margin 6.2.5 Clients & Suppliers 6.2.6 Revenue Structure 6.2.7 Prediction & Outlook 6.3 Fujian Nanping Paper 6.4 Yanbian Shixian Bailu Papermaking 6.5 Fujian Qingshan Paper Industry 6.6 Yueyang Forest & Paper 6.7 Shandong Chenming Paper Holdings 6.8 Yibin Grace Group Company Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Selected Charts • • • • • • • • • • • • • • • • • • • • • • • • • Mainstream Industrial Chain of Dissolving Wood Pulp Other Downstream Products and Applications of Dissolving Pulp Dissolving Pulp Capacity Worldwide by Region, 2012 World’s Top Six Dissolving Pulp Manufacturers, Their Capacities and Markets, 2012 Major Dissolving Pulp Projects Planned or Under Construction Worldwide, 2013-2016 Average Annual Price of Dissolving Pulp Worldwide, 2007-2012 Price Tendency of Dissolving Pulp Worldwide, 2011-2013 Capacity and Output of Dissolving Pulp in China, 2010-2012 Capacities of Dissolving Pulp Manufacturers in China, 2012 Apparent Consumption of Dissolving Pulp in China, 2010-2012 Import & Export of Dissolving Pulp in China, 2009-2012 Average Import & Export Price of Dissolving Pulp in China, 2009-2012 Import Source Structure of Dissolving Pulp in China by Import Volume, 2012 Average Import Price of Dissolving Pulp in China by Country, 2012 Export Destination Distribution of Dissolving Pulp in China by Export Volume, 2012 Major Dissolving Pulp Import Provinces and Their Import Volume in China(%), 2012 Major Dissolving Pulp Export Provinces and Their Export Volume in China(%), 2012 Dissolving Pulp Manufacturers in China and Their Capacities (%), 2012 Dissolving Pulp Market Price in China, 2012-2013 Supply & Demand of Dissolving Pulp in China, 2012-2016E Output and Output Share of Major Fiber Varieties in China, 2012 Operating Revenue and YoY Growth Rate of China Chemical Fiber Manufacturing Industry, 2006-2012 Major Viscose Producers in China and Their Capacities, 2012 Major Viscose Staple Fibre Producers in China and Their Capacities (%), 2012 Major Viscose Filament Yarn Producers in China and Their Capacities (%), 2012 Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Selected Charts • • • • • • • • • • • • • • • • • • • • • • • • • Viscose Output and YoY Growth Rate in China, 2006-2012 Viscose Output Structure by Product in China (%), 2011-2012 Viscose Output by Region in China, 2010 Import & Export Volume of Viscose Staple Fibre in China, 2008-2012 Average Import & Export Price of Viscose Staple Fibre in China, 2008-2012 Viscose Staple Fibre Export Destination Distribution in China by Export Volume, 2012 Import Source Distribution of Viscose Staple Fibre in China by Import Volume, 2012 Export Volume of Major Viscose Staple Fibre Export Cities in China (%), 2012 Import Volume of Major Viscose Staple Fibre Import Cities in China (%), 2012 Market Prices of Viscose Staple Fibre and Viscose Filament Yarn in China, 2008-2013 Supply & Demand of China Viscose Industry, 2011-2016E Sateri’s Product Chain and Product Application Revenue and Net Income of Sateri, 2008-2012 Revenue of Sateri by Product, 2010-2012 Revenue Structure of Sateri by Product (%), 2010-2012 Revenue of Sateri by Region, 2010-2012 Revenue Structure of Sateri by Region (%), 2010-2012 Gross Margin of Primary Products of Sateri, 2010-2012 Dissolving Wood Pulp Categories and Applications of Sateri Dissolving Wood Pulp Output and Sales Volume of Sateri, 2010-2012 Viscose Pulp Sales Volume and Shares in Dissolving Wood Pulp Sales Volume, 2010-2012 Special Pulp Sales Volume and Shares in Dissolving Wood Pulp Sales Volume, 2010-2012 Average Selling Price of Sateri’s Dissolving Wood Pulp Product, 2010-2012 Three Major Production Bases of Sappi and Capacities of Its major Products, 2012 Sales and EBITDA of Sappi, 2008-2012 Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Selected Charts • • • • • • • • • • • • • • • • • • • • • • • • • Sales of Sappi by Branch, 2010-2012 Sales of Sappi by Branch (%), 2010-2012 Sales of Sappi by Region, 2010-2012 Sales of Sappi by Region (%), 2010-2012 Major Products of Sappi Southern Africa and Capacity, 2012 Sales of Sappi Southern Africa by Product (%), 2010-2012 Sales of Saiccor and YoY Growth Rate, 2009-2012 Producing Regions of Rayonier’s Major Products and Capacities, 2012 Sales and Net Income of Rayonier, 2008-2012 Sales of Rayonier by Business Division, 2010-2012 Sales of Rayonier by Business Division (%), 2010-2012 Sales of Rayonier by Region, 2010-2012 Sales of Rayonier by Region (%), 2010-2012 Sales Volume of Major Products of Rayonier’s High-Performance Fiber Business Division, 2008-2012 Sales of Rayonier’s High-Performance Fiber Business Division by Product, 2010-2012 Sales of Rayonier’s High-Performance Fiber Business Division by Product (%), 2010-2012 Average Selling Price of Rayonier’s Dissolving Pulp Products, 2008-2012 Net Revenue and Net Income of Grasim, FY2009-FY2013 Net Revenue of Grasim by Product (%), FY2011-FY2013 Production Plants of Grasim and Their Capacities, 2012 Net Revenue and Growth Rate from Viscose Staple Fibre & Dissolving Pulp Business of Grasim, FY2009-FY2013 Sales and EBITDA of Lenzing Group, 2008-2012 Sales Structure of Lenzing Group by Business Division, 2010-2012 Sales and EBITDA from Fiber Business Division of Lenzing Group, 2009-2012 Sales from Fibre Business Division of Lenzing Group by Product, 2010-2012 Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Selected Charts • • • • • • • • • • • • • • • • • • • • • • • • • Sales Structure from Fibre Business Division of Lenzing Group by Product, 2009-2011 Viscose Subsidiaries under Lenzing Group and Their Capacities, 2012 Revenue and Net Income of Lenzing Group Nanjing, 2008-2012 Capacity Distribution of Sun Paper, 2012 Revenue and Net Income of Sun Paper, 2008-2012 Revenue of Sun Paper by Product, 2010-2012 Revenue Structure of Sun Paper by Product, 2010-2012 Revenue of Sun Paper by Region, 2010-2012 Revenue Structure of Sun Paper by Region, 2010-2012 Gross Margin of Sun Paper’s Hit Products, 2009-2011 Sun Paper’s Revenue from Top Five Clients and % of Total Revenue, 2010-2012 Name List and Revenue Contribution of Sun Paper’s Top Five Clients, 2012 Cost Analysis of Sun Paper’s Dissolving Pulp Business, 2012 Revenue and Net Income of Sun Paper, 2011-2015E Capacities of Jilin Chemical Fiber Group’s Hit Products, 2012 Revenue and Net Income of Jilin Chemical Fiber Group, 2008-2012 Revenue of Jilin Chemical Fiber Group by Product, 2010-2012 Revenue Structure of Jilin Chemical Fiber Group by Product, 2010-2012 Revenue of Jilin Chemical Fiber Group by Region, 2010-2012 Revenue Structure of Jilin Chemical Fiber Group by Region, 2010-2012 Gross Margin of Jilin Chemical Fiber Group’s Major Products, 2010-2012 Jilin Chemical Fiber Group’s Revenue from Top Five Clients and % of Total Revenue, 2010-2012 Name List and Revenue Contribution of Jilin Chemical Fiber Group’s Top Five Clients, 2012 Jilin Chemical Fiber Group’s Procurement from Top Five Suppliers and % of Total Procurement, 2012 Subsidiaries Engaging in Bamboo Pulp Business under Jilin Chemical Fiber Group Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Selected Charts • • • • • • • • • • • • • • • • • • • • • • • • • Revenue and Net Income of Jilin Chemical Fiber Group, 2011-2015E Revenue and Net Income of Fujian Nanping Paper, 2008-2012 Revenue of Fujian Nanping Paper by Product, 2010-2012 Revenue Structure of Fujian Nanping Paper by Product, 2010-2012 Revenue of Fujian Nanping Paper by Region, 2010-2012 Revenue Structure of Fujian Nanping Paper by Region, 2010-2012 Gross Margin of Fujian Nanping Paper’s Main Products, 2009-2012 Fujian Nanping Paper’s Revenue from Top Five Clients and % of Total Revenue, 2010-2012 Name List and Revenue Contribution of Fujian Nanping Paper’ Top Five Clients, 2012 Dissolving Pulp Products and Features of Fujian Nanping Paper Cost Classification and Expense of Fujian Nanping Paper’s Dissolving Pulp Business, 2011-2012 Revenue and Net Income of Fujian Nanping Paper, 2011-2015E Revenue and Net Income of Yanbian Shixian Bailu Papermaking, 2008-2012 Revenue of Yanbian Shixian Bailu Papermaking by Product, 2010-2012 Revenue Structure of Yanbian Shixian Bailu Papermaking by Product, 2010-2012 Revenue of Yanbian Shixian Bailu Papermaking by Region, 2011-2012 Revenue Structure of Yanbian Shixian Bailu Papermaking by Region, 2011-2012 Gross Margin of Yanbian Shixian Bailu Papermaking’s Main Products, 2010-2012 Yanbian Shixian Bailu Papermaking’s Revenue from Top Five Clients and % of Total Revenue, 2012 Name List and Revenue Contribution of Yanbian Shixian Bailu Papermaking, 2010-2012 Yanbian Shixian Bailu Papermaking’s Revenue from Dissolving Pulp Business and % of Total Revenue, 2010-2012 Cost Analysis of Yanbian Shixian Bailu Papermaking’s Dissolving Pulp Business, 2012 Revenue and Net Income of Yanbian Shixian Bailu Papermaking, 2011-2015E Revenue and Net Income of Fujian Qingshan Paper Industry, 2008-2012 Revenue of Fujian Qingshan Paper Industry by Product, 2010-2012 Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com Selected Charts • • • • • • • • • • • • • • • • • • Revenue Structure of Fujian Qingshan Paper Industry by Product, 2010-2012 Revenue of Fujian Qingshan Paper Industry by Region, 2010-2012 Revenue Structure of Fujian Qingshan Paper Industry by Region, 2010-2012 Gross Margin of Fujian Qingshan Paper Industry’s Main Products, 2010-2012 Revenue and Net Income of Fujian Qingshan Paper Industry, 2011-2015E Revenue and Net Income of Yueyang Forest & Paper, 2008-2012 Revenue of Yueyang Forest & Paper by Product, 2010-2012 Revenue Structure of Yueyang Forest & Paper by Product, 2010-2012 Revenue of Yueyang Forest & Paper by Region, 2010-2012 Revenue Structure of Yueyang Forest & Paper by Region, 2010-2012 Gross Margin of Yueyang Forest & Paper’s Main Products, 2010-2012 Yueyang Forest & Paper’s Revenue from Top Five Clients and % of Total Revenue, 2012-2012 Name List and Revenue Contribution of Yueyang Forest & Paper’s Top Five Clients, 2012 Revenue and Net Income of Hunan Juntai Pulp & Paper, 2011-2012 Revenue and Net Income of Yueyang Forest & Paper, 2011-2015E Revenue and Net Income of Shandong Chenming Paper Holdings, 2008-2012 Capacities of Yibin Grace Group Company’s Main Products, 2012 Operating Revenue and Total Profit of Yibin Grace Group Company, 2007-2009 Room 502, Block 3, Tower C, Changyuan Tiandi Building, No. 18, Suzhou Street, Haidian District, Beijing, China 100080 Phone: +86 10 82600828 ● Fax: +86 10 82601570 ● www.researchinchina.com ● report@researchinchina.com How to Buy You can place your order in the following alternative ways: Choose 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