Australia and Oceania: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Australia and Oceania

The market for wood pulp, excluding mechanical wood pulp in Australia and Oceania expanded rapidly to $X in 2022, picking up by 11% against the previous year. Overall, consumption, however, saw a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Australia and Oceania

In value terms, production of wood pulp, excluding mechanical wood pulp stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports in Australia and Oceania

In 2022, overseas shipments of wood pulp, excluding mechanical wood pulp were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of wood pulp, excluding mechanical wood pulp skyrocketed to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of wood pulp, excluding mechanical wood pulp, namely New Zealand, represented more than two-thirds of total export.

New Zealand was also the fastest-growing in terms of the wood pulp, excluding mechanical wood pulp exports, with a CAGR of +2.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) also remains the largest wood pulp, excluding mechanical wood pulp supplier in Australia and Oceania.

In New Zealand, exports of wood pulp, excluding mechanical wood pulp expanded at an average annual rate of +6.0% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2018 when the export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +3.1% per year.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports in Australia and Oceania

In 2022, supplies from abroad of wood pulp, excluding mechanical wood pulp increased by 15% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 18% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of wood pulp, excluding mechanical wood pulp skyrocketed to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the key importer of wood pulp, excluding mechanical wood pulp in Australia and Oceania, with the volume of imports recording X tons, which was near 87% of total imports in 2022. It was distantly followed by New Zealand (X tons), achieving a 13% share of total imports.

Imports into Australia increased at an average annual rate of +4.5% from 2012 to 2022. At the same time, New Zealand (+12.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.9% from 2012-2022. While the share of New Zealand (+6.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-6.5 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported wood pulp, excluding mechanical wood pulp in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +7.3%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 when the import price increased by 23% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.3%).

Source: IndexBox Platform

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