Canada: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Canada

In 2021, the Canadian bleached sulphate pulp market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. Bleached sulphate pulp consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Bleached Sulphate Pulp Production in Canada

In value terms, bleached sulphate pulp production totaled $X in 2021 estimated in export price. Overall, production showed a slight decline. The pace of growth was the most pronounced in 2018 with an increase of 24%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Bleached Sulphate Pulp Exports

Exports from Canada

For the fourth year in a row, Canada recorded decline in shipments abroad of bleached sulphate pulp, which decreased by -7.8% to X tons in 2021. In general, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 4.6% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, bleached sulphate pulp exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main destinations of bleached sulphate pulp exports from Canada, together accounting for 90% of total exports. These countries were followed by Indonesia and South Korea, which together accounted for a further 5.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +6.5%), while the other leaders experienced a decline.

In value terms, the largest markets for bleached sulphate pulp exported from Canada were the United States ($X), China ($X) and Japan ($X), with a combined 89% share of total exports. These countries were followed by Indonesia and South Korea, which together accounted for a further 6.3%.

Indonesia, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average bleached sulphate pulp export price amounted to $X per ton, increasing by 33% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Indonesia ($X per ton) and South Korea ($X per ton), while the average price for exports to the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bleached Sulphate Pulp Imports

Imports into Canada

In 2021, approx. X tons of bleached sulphate pulp were imported into Canada; growing by 19% on the previous year. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 26% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, bleached sulphate pulp imports surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 22% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of bleached sulphate pulp imports to Canada, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +23.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Chile ($X) constituted the largest bleached sulphate pulp suppliers to Canada, together accounting for 97% of total imports.

Chile, with a CAGR of +23.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bleached sulphate pulp import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2015 an increase of 18% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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