Canada: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Canada

In 2022, after three years of growth, there was decline in the Canadian dissolving grade wood pulp market, when its value decreased by -1% to $X. In general, consumption saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell modestly in the following year.

Production of Dissolving Grade Wood Pulp in Canada

In value terms, dissolving grade wood pulp production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Dissolving Grade Wood Pulp

Exports from Canada

In 2022, overseas shipments of dissolving grade wood pulp decreased by -1.3% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 19% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, dissolving grade wood pulp exports totaled $X in 2022. Overall, exports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), China (X tons) and Thailand (X tons) were the main destinations of dissolving grade wood pulp exports from Canada, together accounting for 71% of total exports. The United States, Indonesia, Ireland, Singapore, Taiwan (Chinese) and Germany lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +147.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dissolving grade wood pulp exported from Canada were India ($X), China ($X) and Thailand ($X), together accounting for 70% of total exports. The United States, Indonesia, Ireland, Singapore, Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further 27%.

Singapore, with a CAGR of +133.8%, recorded the highest growth rate of 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 2022, the average dissolving grade wood pulp export price amounted to $X per ton, picking up by 9.8% against the previous year. Over the period under review, the export price, however, saw a slight contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Ireland ($X per ton), while the average price for exports to Germany ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Dissolving Grade Wood Pulp

Imports into Canada

In 2022, the amount of dissolving grade wood pulp imported into Canada declined to X tons, dropping by -9.6% on 2021 figures. In general, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of 2,414% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, dissolving grade wood pulp imports shrank to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 2,351%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main supplier of dissolving grade wood pulp to Canada, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +18.3%.

In value terms, the United States ($X) constituted the largest supplier of dissolving grade wood pulp to Canada.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +14.7%.

Import Prices by Country

The average dissolving grade wood pulp import price stood at $X per ton in 2022, declining by -4.1% against the previous year. In general, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2021 an increase of 7.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.0% per year.

Source: IndexBox Platform

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