EU: Semi-Chemical Wood Pulp Market 2024

Semi-Chemical Wood Pulp Market Size in the EU

The EU semi-chemical wood pulp market expanded notably to $X in 2022, rising by 6.7% against the previous year. Overall, consumption, however, saw a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Semi-Chemical Wood Pulp Production in the EU

In value terms, semi-chemical wood pulp production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by 20%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Semi-Chemical Wood Pulp Exports

Exports in the EU

In 2022, overseas shipments of semi-chemical wood pulp decreased by -5.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, semi-chemical wood pulp exports expanded sharply to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Finland (X tons), distantly followed by Sweden (X tons), Estonia (X tons), the Netherlands (X tons) and Germany (X tons) represented the major exporters of semi-chemical wood pulp, together creating 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +14.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-chemical wood pulp supplying countries in the European Union were Sweden ($X), Finland ($X) and Estonia ($X), with a combined 78% share of total exports. The Netherlands and Germany lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, the Netherlands, with a CAGR of +15.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by 13% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 17%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%), while the other leaders experienced more modest paces of growth.

Semi-Chemical Wood Pulp Imports

Imports in the EU

In 2022, imports of semi-chemical wood pulp in the European Union contracted to X tons, leveling off at the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.8% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 27%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, semi-chemical wood pulp imports totaled $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Sweden (X tons), Germany (X tons), the Netherlands (X tons) and Italy (X tons) represented roughly 80% of total imports in 2022. Poland (X tons) ranks next in terms of the total imports with an 8% share, followed by France (5.1%). Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-chemical wood pulp importing markets in the European Union were Sweden ($X), Germany ($X) and Italy ($X), with a combined 63% share of total imports.

Sweden, with a CAGR of +28.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 16%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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