Vietnam Pulp and Paper Comprehensive Report Q2/2019
VIETNAM PAPER AND PAPER INDUSTRY
According to data published by the Global Pulp and Paper Council, the global pulp consumption reached x.xx million tons in March 2019. The mass investment in new production lines in the period of 2016-2019 forecasts a boom in the supply of pulp in the future market.
The paper industry was born quite early in Vietnam, in 1912. In the past few years, the paper industry has grown steadily but relatively slowly, failing to meet the domestic demand for quality and quantity. The paper production in the first 3 months of the year increased 32% over the same period due to the gradually more stable supply of pulp than previous years.
In the period of 2011-2018, the paper consumption of all kinds in Vietnam market increased rapidly with an average annual growth rate of 9.8%. In the first 3 months of 2019, thanks to a good growth in paper production, the paper consumption also grew positively, estimated to increase by 15.5% compared to the same period last year. The group of packaging paper grew strongly, the total consumption of packaging paper in Vietnam in 3 months of 2019 accounted for 77.2% of the total paper consumption of all kinds, up 20.0% over the previous year.
Currently, Vietnam paper industry is still primarily serving the domestic market, and the exports are very few. Vietnam's total paper export turnover continuously grew in the period 2011-2018 with a CAGR of 13.0%. The export turnover of paper and paper products in Q1/2019 rose 8.5% over the same period in 2018.
According to data published by the Global Pulp and Paper Council, the global pulp consumption reached x.xx million tons in March 2019. The mass investment in new production lines in the period of 2016-2019 forecasts a boom in the supply of pulp in the future market.
The paper industry was born quite early in Vietnam, in 1912. In the past few years, the paper industry has grown steadily but relatively slowly, failing to meet the domestic demand for quality and quantity. The paper production in the first 3 months of the year increased 32% over the same period due to the gradually more stable supply of pulp than previous years.
In the period of 2011-2018, the paper consumption of all kinds in Vietnam market increased rapidly with an average annual growth rate of 9.8%. In the first 3 months of 2019, thanks to a good growth in paper production, the paper consumption also grew positively, estimated to increase by 15.5% compared to the same period last year. The group of packaging paper grew strongly, the total consumption of packaging paper in Vietnam in 3 months of 2019 accounted for 77.2% of the total paper consumption of all kinds, up 20.0% over the previous year.
Currently, Vietnam paper industry is still primarily serving the domestic market, and the exports are very few. Vietnam's total paper export turnover continuously grew in the period 2011-2018 with a CAGR of 13.0%. The export turnover of paper and paper products in Q1/2019 rose 8.5% over the same period in 2018.
ABBREVIATIONS
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Impact of trade agreements
2. THE WORLD PULP AND PAPER INDUSTRY
2.1. Pulp
2.1.1. Production
2.1.2. Consumption
2.1.3. Import - Export
2.1.4. Price movement of some types of pulp
2.2. Paper
2.2.1. Production
2.2.2. Consumption
2.2.3. Import - Export
2.2.4. Price movement of some types of paper
2.3. The pulp and paper market in some countries
3. THE PULP AND PAPER INDUSTRY IN VIETNAM
3.1. History of formation and development
3.2. Value chain of the industry
3.3. Process of production
3.4. The scale and features of the industry
3.5. Pulp
3.5.1. Input materials
3.5.2. Production
3.5.3. Consumption
3.5.4. Import
3.6. Paper
3.6.1. Production
3.6.2. Consumption
3.6.3. Export
3.6.4. Import
3.6.5. Inventory
4. OVERVIEW OF THE INDUSTRY
4.1. Risk analysis
4.2. Competitiveness analysis
4.3. Planning
4.4. Forecasts
5. ENTERPRISE ANALYSIS
5.1. Introduction of enterprises
5.2. Indicators of business results
5.3. Indicators of finance
5.4. Indicators of performance efficiency
6. APPENDIX
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Impact of trade agreements
2. THE WORLD PULP AND PAPER INDUSTRY
2.1. Pulp
2.1.1. Production
2.1.2. Consumption
2.1.3. Import - Export
2.1.4. Price movement of some types of pulp
2.2. Paper
2.2.1. Production
2.2.2. Consumption
2.2.3. Import - Export
2.2.4. Price movement of some types of paper
2.3. The pulp and paper market in some countries
3. THE PULP AND PAPER INDUSTRY IN VIETNAM
3.1. History of formation and development
3.2. Value chain of the industry
3.3. Process of production
3.4. The scale and features of the industry
3.5. Pulp
3.5.1. Input materials
3.5.2. Production
3.5.3. Consumption
3.5.4. Import
3.6. Paper
3.6.1. Production
3.6.2. Consumption
3.6.3. Export
3.6.4. Import
3.6.5. Inventory
4. OVERVIEW OF THE INDUSTRY
4.1. Risk analysis
4.2. Competitiveness analysis
4.3. Planning
4.4. Forecasts
5. ENTERPRISE ANALYSIS
5.1. Introduction of enterprises
5.2. Indicators of business results
5.3. Indicators of finance
5.4. Indicators of performance efficiency
6. APPENDIX
LIST OF TABLES
Table 1: Energy rated consumption for paper products until the end of 2020
Table 2: Vietnam’s average tariff (%) in ACFTA
Table 3: Tariff commitments in WTO
Table 4: Vietnam’s average tariff (%) in AKFTA
Table 5: Pulp price made from imported wood into Asia market
Table 6: Pulp price made from recycled paper in major port of Asia
Table 7: Top 10 countries that have the highest paper export value, 2018
Table 8: Top 10 countries that have the highest paper import value, 2018
Table 9: Price of newspaper and printing paper in some countries of Asia
Table 10: Price of advanced printing paper and packaging paper in some countries of Asia
Table 11: Top 10 countries that have the highest pulp export value to the US, 2018
Table 12: Top 10 largest paper companies over the world, 2018
Table 13: Some type of wood suitable for making paper
Table 14: Paper and pulp plants that have capacity of over 100,000 tons/year
Table 15: Important investment projects in paper industry
Table 16: Portfolio of investment projects by period
Table 17: Criteria of designed capacity
Table 18: Criteria of output quantity
Table 19: Regions of growing material trees for paper production
Table 20: Typical enterprises in paper and pulp industry, 2017
Table 1: Energy rated consumption for paper products until the end of 2020
Table 2: Vietnam’s average tariff (%) in ACFTA
Table 3: Tariff commitments in WTO
Table 4: Vietnam’s average tariff (%) in AKFTA
Table 5: Pulp price made from imported wood into Asia market
Table 6: Pulp price made from recycled paper in major port of Asia
Table 7: Top 10 countries that have the highest paper export value, 2018
Table 8: Top 10 countries that have the highest paper import value, 2018
Table 9: Price of newspaper and printing paper in some countries of Asia
Table 10: Price of advanced printing paper and packaging paper in some countries of Asia
Table 11: Top 10 countries that have the highest pulp export value to the US, 2018
Table 12: Top 10 largest paper companies over the world, 2018
Table 13: Some type of wood suitable for making paper
Table 14: Paper and pulp plants that have capacity of over 100,000 tons/year
Table 15: Important investment projects in paper industry
Table 16: Portfolio of investment projects by period
Table 17: Criteria of designed capacity
Table 18: Criteria of output quantity
Table 19: Regions of growing material trees for paper production
Table 20: Typical enterprises in paper and pulp industry, 2017
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016-2019
Figure 2: Production index of processing and manufacturing industry, 2012 – Q1/2019
Figure 3: Average interest rate, 2012- 3M/2019
Figure 4: Proportion of the contribution of pulp and paper industry to Vietnam’s export value, 2012- 3M/2019
Figure 5: The VND/USD exchange rate, 1/2013-3/2019
Figure 6: The VND/CNY exchange rate, 1/2016 - 3/2019
Figure 7: Vietnam’s population and population structure in workforce, 2010-2018
Figure 8: The growth of total retailed goods and services, 2011 – Q1/2019
Figure 9: Structure of pulp production by country, 2018e
Figure 10: World pulp output quantity, 2014-2020f
Figure 11: Structure of world consumption by region, 2018e
Figure 12: World pulp consumption by type, 2011 – 2018e
Figure 13: World pulp export - import, 2017 – 2018
Figure 14: Pulp import structure by country, 2018e
Figure 15: Monthly price index of pulp, 1/2008 - 3/2019
Figure 16: Top 10 leading countries in paper production output, 2016 - 2017
Figure 17: World paper output quantity, 2012-2018e
Figure 18: World output quantity of paperboard and packaging paper, 2012-2018e
Figure 19: Structure of world production of paperboard and packaging paper, 2018e
Figure 20: Global tissue paper output quantity, 2000 – 2018e
Figure 21: Production structure of global tissue paper by country, 2017
Figure 22: Global revenue from paper consumption, 2012-2020f
Figure 23: Global paper consumption by region, 2012 - 2017e
Figure 24: Structure of global paper export by type, 2018e
Figure 25: World export value of paper, 2010-2018
Figure 26: Price index of paper, 1/2008 - 3/2019
Figure 27: China’s pulp output quantity, 2013 - 2018e
Figure 28: New paper capacity of China, 2012 - 2019f
Figure 29: China’s paper import-export, 2013 - 2018
Figure 30: China’s pulp import-export, 2012 - 2018
Figure 31: Structure of China‘s pulp import, 2017-2018
Figure 32: The US paper production, 2011 - 2017e
Figure 33: The US pulp production, 2010-2018e
Figure 34: The US import-export value of pulp, 2010 – 2018
Figure 35: Structure of the US pulp export by value, 2018
Figure 36: Paper trade in the US, 2017 – 2018
Figure 37: Output quantity of paper and paperboard in Japan, 2012 – 2018
Figure 38: Japan’s pulp import-export, 2010 – 2018
Figure 39: Japan’s recycled paper export-import, 2010-2018
Figure 40: Structure of Japan’s paper import, 2018
Figure 41: Japan’s trade of paper and paperboard, 2017 – 2018
Figure 42: Structure of Japan’s paper export, 2018
Figure 43: Number of labors in paper industry , 2010 – 2017
Figure 44: Number of enterprises in paper industry, 2010 - 2017
Figure 45: Revenue of paper industry, 2010 – 2017
Figure 46: Contribution of paper industry to GDP, 2010 – 2017
Figure 47: Recycled paper, 2010 – 2018e
Figure 48: Top 10 countries that have the highest volume of recycled paper imported by Vietnam, 2017e
Figure 49: Output quantity of woodchips, 2010 – Q1/2019e
Figure 50: Output quantity of Pulp, 2013 – Q1/2019
Figure 51: Pulp consumption by volume, 2011 – Q1/2019e
Figure 52: Revenue of pulp consumption, 2010 – Q1/2019
Figure 53: Pulp import, 2011 – 2018e
Figure 54: Import structure of Viet Nam pulp by value, 2018
Figure 55: Paper production by type, 2011 – Q1/2019
Figure 56: Structure of paper production by type, 3M/2019e
Figure 57: Domestically produced paper consumption, 2011 – Q1/2019e
Figure 58: Average paper consumption per capita in Vietnam, 2011 – 2018
Figure 59: Revenue from paper industry, 2010 – Q1/2019
Figure 60: Structure of paper consumption by type,Q1/2019e
Figure 61: Structure of tissue paper consumption by type, 2018
Figure 62: Paper export, 2011 – 3M/2019
Figure 63: Structure of countries importing Vietnamese paper and paper products by value, Q1/2019
Figure 64: Structure of paper export by types (by output), 2M/2019
Figure 65: Contribution of FDI businesses to paper export, 2013 – Q1/2019
Figure 66: Paper import, 2011 – Q1/2019
Figure 67: Structure of import paper and paper products by value, Q1/2019
Figure 68: Import of paper products, 2011 – Q1/2019
Figure 69: Structure of paper import by volume, 3M/2019
Figure 70: Inventories of some paper products, 2010 – Q1/2019
Figure 71: Forecast pulp consumption, 2016 – 2023f
Figure 72: Forecast paper output quantity, 2015 – 2020f
Figure 73: Supply and Demand of test liner paper and wave layer paper, 2016 – 2019f
Figure 74: Growth of net revenue, 2017 - 2018
Figure 75: Gross profit margin, 2016 - 2017
Figure 76: Sales expenses/Net revenue, 2016 - 2017
Figure 77: Administrative expenses/Net revenue, 2016-2017
Figure 78: Financial expenses/Net revenue, 2016-2017
Figure 79: Days of sales outstanding, 2017
Figure 80: Solvency, 2016- 2017
Figure 81: Days' sales in inventory, 2017
Figure 82: Structure of Assets and Total assets turnover, 2017
Figure 83: Structure of debts and Debt/Equity ratio, 2017
Figure 84: Profit margin, 2017
Figure 1: GDP growth rate by quarter, 2016-2019
Figure 2: Production index of processing and manufacturing industry, 2012 – Q1/2019
Figure 3: Average interest rate, 2012- 3M/2019
Figure 4: Proportion of the contribution of pulp and paper industry to Vietnam’s export value, 2012- 3M/2019
Figure 5: The VND/USD exchange rate, 1/2013-3/2019
Figure 6: The VND/CNY exchange rate, 1/2016 - 3/2019
Figure 7: Vietnam’s population and population structure in workforce, 2010-2018
Figure 8: The growth of total retailed goods and services, 2011 – Q1/2019
Figure 9: Structure of pulp production by country, 2018e
Figure 10: World pulp output quantity, 2014-2020f
Figure 11: Structure of world consumption by region, 2018e
Figure 12: World pulp consumption by type, 2011 – 2018e
Figure 13: World pulp export - import, 2017 – 2018
Figure 14: Pulp import structure by country, 2018e
Figure 15: Monthly price index of pulp, 1/2008 - 3/2019
Figure 16: Top 10 leading countries in paper production output, 2016 - 2017
Figure 17: World paper output quantity, 2012-2018e
Figure 18: World output quantity of paperboard and packaging paper, 2012-2018e
Figure 19: Structure of world production of paperboard and packaging paper, 2018e
Figure 20: Global tissue paper output quantity, 2000 – 2018e
Figure 21: Production structure of global tissue paper by country, 2017
Figure 22: Global revenue from paper consumption, 2012-2020f
Figure 23: Global paper consumption by region, 2012 - 2017e
Figure 24: Structure of global paper export by type, 2018e
Figure 25: World export value of paper, 2010-2018
Figure 26: Price index of paper, 1/2008 - 3/2019
Figure 27: China’s pulp output quantity, 2013 - 2018e
Figure 28: New paper capacity of China, 2012 - 2019f
Figure 29: China’s paper import-export, 2013 - 2018
Figure 30: China’s pulp import-export, 2012 - 2018
Figure 31: Structure of China‘s pulp import, 2017-2018
Figure 32: The US paper production, 2011 - 2017e
Figure 33: The US pulp production, 2010-2018e
Figure 34: The US import-export value of pulp, 2010 – 2018
Figure 35: Structure of the US pulp export by value, 2018
Figure 36: Paper trade in the US, 2017 – 2018
Figure 37: Output quantity of paper and paperboard in Japan, 2012 – 2018
Figure 38: Japan’s pulp import-export, 2010 – 2018
Figure 39: Japan’s recycled paper export-import, 2010-2018
Figure 40: Structure of Japan’s paper import, 2018
Figure 41: Japan’s trade of paper and paperboard, 2017 – 2018
Figure 42: Structure of Japan’s paper export, 2018
Figure 43: Number of labors in paper industry , 2010 – 2017
Figure 44: Number of enterprises in paper industry, 2010 - 2017
Figure 45: Revenue of paper industry, 2010 – 2017
Figure 46: Contribution of paper industry to GDP, 2010 – 2017
Figure 47: Recycled paper, 2010 – 2018e
Figure 48: Top 10 countries that have the highest volume of recycled paper imported by Vietnam, 2017e
Figure 49: Output quantity of woodchips, 2010 – Q1/2019e
Figure 50: Output quantity of Pulp, 2013 – Q1/2019
Figure 51: Pulp consumption by volume, 2011 – Q1/2019e
Figure 52: Revenue of pulp consumption, 2010 – Q1/2019
Figure 53: Pulp import, 2011 – 2018e
Figure 54: Import structure of Viet Nam pulp by value, 2018
Figure 55: Paper production by type, 2011 – Q1/2019
Figure 56: Structure of paper production by type, 3M/2019e
Figure 57: Domestically produced paper consumption, 2011 – Q1/2019e
Figure 58: Average paper consumption per capita in Vietnam, 2011 – 2018
Figure 59: Revenue from paper industry, 2010 – Q1/2019
Figure 60: Structure of paper consumption by type,Q1/2019e
Figure 61: Structure of tissue paper consumption by type, 2018
Figure 62: Paper export, 2011 – 3M/2019
Figure 63: Structure of countries importing Vietnamese paper and paper products by value, Q1/2019
Figure 64: Structure of paper export by types (by output), 2M/2019
Figure 65: Contribution of FDI businesses to paper export, 2013 – Q1/2019
Figure 66: Paper import, 2011 – Q1/2019
Figure 67: Structure of import paper and paper products by value, Q1/2019
Figure 68: Import of paper products, 2011 – Q1/2019
Figure 69: Structure of paper import by volume, 3M/2019
Figure 70: Inventories of some paper products, 2010 – Q1/2019
Figure 71: Forecast pulp consumption, 2016 – 2023f
Figure 72: Forecast paper output quantity, 2015 – 2020f
Figure 73: Supply and Demand of test liner paper and wave layer paper, 2016 – 2019f
Figure 74: Growth of net revenue, 2017 - 2018
Figure 75: Gross profit margin, 2016 - 2017
Figure 76: Sales expenses/Net revenue, 2016 - 2017
Figure 77: Administrative expenses/Net revenue, 2016-2017
Figure 78: Financial expenses/Net revenue, 2016-2017
Figure 79: Days of sales outstanding, 2017
Figure 80: Solvency, 2016- 2017
Figure 81: Days' sales in inventory, 2017
Figure 82: Structure of Assets and Total assets turnover, 2017
Figure 83: Structure of debts and Debt/Equity ratio, 2017
Figure 84: Profit margin, 2017
