Brazil: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Brazil

The Brazilian dissolving grade wood pulp market fell markedly to $X in 2021, declining by -76.1% against the previous year. Overall, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Production of Dissolving Grade Wood Pulp in Brazil

In value terms, dissolving grade wood pulp production reduced modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 48% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Dissolving Grade Wood Pulp

Exports from Brazil

In 2021, overseas shipments of dissolving grade wood pulp increased by 23% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 42%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, dissolving grade wood pulp exports rose notably to $X in 2021. Over the period under review, exports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 46% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for dissolving grade wood pulp exports from Brazil, with a 68% share of total exports. Moreover, dissolving grade wood pulp exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. Macao SAR (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.2% per year) and Macao SAR (-47.3% per year).

In value terms, China ($X) remains the key foreign market for dissolving grade wood pulp exports from Brazil, comprising 71% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports. It was followed by Macao SAR, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.6% per year) and Macao SAR (-39.6% per year).

Export Prices by Country

The average dissolving grade wood pulp export price stood at $X per ton in 2021, declining by -8.9% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Macao SAR ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+14.7%), while the prices for the other major destinations experienced a decline.

Imports of Dissolving Grade Wood Pulp

Imports into Brazil

In 2021, approx. X tons of dissolving grade wood pulp were imported into Brazil; approximately equating the previous year. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 45% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, dissolving grade wood pulp imports declined to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +16.0% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 50% against the previous year. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of dissolving grade wood pulp to Brazil, accounting for a 65% share of total imports. Moreover, dissolving grade wood pulp imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+13.9% per year) and Norway (+5.6% per year).

In value terms, the United States ($X) constituted the largest supplier of dissolving grade wood pulp to Brazil, comprising 69% of total imports. The second position in the ranking was taken by Sweden ($X), with a 24% share of total imports. It was followed by Norway, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+8.4% per year) and Norway (+1.9% per year).

Import Prices by Country

The average dissolving grade wood pulp import price stood at $X per ton in 2021, waning by -2% against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2019 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and Norway ($X per ton), while the price for Chile ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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