Finland: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Finland

In 2022, the Finnish dissolving grade wood pulp market increased by 220% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption saw a significant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Production of Dissolving Grade Wood Pulp in Finland

In value terms, dissolving grade wood pulp production shrank notably to $X in 2022 estimated in export price. In general, production showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 139% against the previous year. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Exports of Dissolving Grade Wood Pulp

Exports from Finland

After three years of growth, overseas shipments of dissolving grade wood pulp decreased by -97.1% to X tons in 2022. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, dissolving grade wood pulp exports contracted notably to $X in 2022. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 127%. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main destinations of dissolving grade wood pulp exports from Finland, together comprising 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +324.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for dissolving grade wood pulp exports from Finland, comprising 43% of total exports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total exports. It was followed by Poland, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+351.9% per year) and Poland (+47.6% per year).

Export Prices by Country

The average dissolving grade wood pulp export price stood at $X per ton in 2022, with a decrease of -45.9% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53%. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+139.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dissolving Grade Wood Pulp

Imports into Finland

In 2022, imports of dissolving grade wood pulp into Finland fell slightly to X tons, dropping by -1.8% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 24% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, dissolving grade wood pulp imports reduced modestly to $X in 2022. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest dissolving grade wood pulp supplier to Finland, accounting for a 64% share of total imports. Moreover, dissolving grade wood pulp imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.8% per year) and Norway (-17.7% per year).

In value terms, Canada ($X) constituted the largest supplier of dissolving grade wood pulp to Finland, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with a 28% share of total imports. It was followed by Norway, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Canada totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and Norway (-21.1% per year).

Import Prices by Country

The average dissolving grade wood pulp import price stood at $X per ton in 2022, which is down by -2.1% against the previous year. In general, the import price recorded a perceptible descent. The growth pace was the most rapid in 2018 an increase of 9% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Canada ($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 (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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