Belarus: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Belarus

In 2022, the Belarusian market for wood pulp, excluding mechanical wood pulp decreased by -1.4% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Belarus

In value terms, production of wood pulp, excluding mechanical wood pulp dropped to $X in 2022 estimated in export price. In general, production faced a sharp decline. The pace of growth was the most pronounced in 2021 when the production volume increased by 9.1% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Belarus

In 2022, overseas shipments of wood pulp, excluding mechanical wood pulp decreased by -22.9% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2018 when exports increased by 18,321% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp reduced to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 37,475%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

China (X tons) was the main destination for exports of wood pulp, excluding mechanical wood pulp from Belarus, accounting for a 54% share of total exports. Moreover, exports of wood pulp, excluding mechanical wood pulp to China exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +149.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+111.7% per year) and Serbia (+25.8% per year).

In value terms, the largest markets for wood pulp, excluding mechanical wood pulp exported from Belarus were China ($X), Russia ($X) and Serbia ($X), with a combined 87% share of total exports. These countries were followed by Poland, which accounted for a further 3.8%.

Poland, with a CAGR of +241.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, growing by 19% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 104%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+48.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Belarus

After two years of growth, purchases abroad of wood pulp, excluding mechanical wood pulp decreased by -57.8% to X tons in 2022. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 76%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, imports of wood pulp, excluding mechanical wood pulp declined rapidly to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 66%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest wood pulp, excluding mechanical wood pulp supplier to Belarus, with a 46% share of total imports. Moreover, imports of wood pulp, excluding mechanical wood pulp from Russia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was taken by Finland (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.9% per year) and Finland (-16.4% per year).

In value terms, Russia ($X) constituted the largest supplier of wood pulp, excluding mechanical wood pulp to Belarus, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by the United States, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.5% per year) and the United States (+16.6% per year).

Import Prices by Country

In 2022, the average import price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, picking up by 31% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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