Canada: Semi-Chemical Wood Pulp Market 2024

Semi-Chemical Wood Pulp Market Size in Canada

For the third year in a row, the Canadian semi-chemical wood pulp market recorded growth in sales value, which increased by 16% to $X in 2022. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.8% against 2019 indices. Semi-chemical wood pulp consumption peaked in 2022 and is expected to retain growth in the near future.

Semi-Chemical Wood Pulp Production in Canada

In value terms, semi-chemical wood pulp production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of 23%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Semi-Chemical Wood Pulp Exports

Exports from Canada

For the third year in a row, Canada recorded decline in shipments abroad of semi-chemical wood pulp, which decreased by -4.8% to X tons in 2022. Over the period under review, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 5.5% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, semi-chemical wood pulp exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 28%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for semi-chemical wood pulp exports from Canada, accounting for a 52% share of total exports. Moreover, semi-chemical wood pulp exports to China exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.4% per year) and South Korea (-1.5% per year).

In value terms, China ($X) remains the key foreign market for semi-chemical wood pulp exports from Canada, comprising 50% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by South Korea, with a 14% share.

From 2012 to 2022, 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: India (+16.9% per year) and South Korea (-0.3% per year).

Export Prices by Country

In 2022, the average semi-chemical wood pulp export price amounted to $X per ton, rising by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and South Korea ($X per ton), while the average price for exports to China ($X per ton) and Indonesia ($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 the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Chemical Wood Pulp Imports

Imports into Canada

In 2022, approx. X tons of semi-chemical wood pulp were imported into Canada; with an increase of 4.2% on 2021. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 89%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, semi-chemical wood pulp imports dropped sharply to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 148%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of semi-chemical wood pulp to Canada, with a 61% share of total imports. Moreover, semi-chemical wood pulp imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and Democratic Republic of the Congo (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of semi-chemical wood pulp to Canada, comprising 95% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.2% share of total imports. It was followed by India, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.0% per year) and India (0.0% per year).

Import Prices by Country

The average semi-chemical wood pulp import price stood at $X per ton in 2022, reducing by -30.7% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 64%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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