Overview of the Global Market for Wood Pulp, Excluding Mechanical Wood Pulp

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp

In 2022, the global market for wood pulp, excluding mechanical wood pulp increased by 2.8% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by 9.3% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the global market remained at a lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp

In value terms, production of wood pulp, excluding mechanical wood pulp shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of 5% against the previous year. Over the period under review, global production of attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports

In 2022, global exports of wood pulp, excluding mechanical wood pulp rose to X tons, with an increase of 2.1% on the previous year's figure. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 8% against the previous year. Over the period under review, the global exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of wood pulp, excluding mechanical wood pulp rose remarkably to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 24% against the previous year. Over the period under review, the global exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of wood pulp, excluding mechanical wood pulp, committing 27% of total exports. Canada (X tons) ranks second in terms of the total exports with a 12% share, followed by the United States (11%), Indonesia (8.2%), Chile (5.6%), Uruguay (5.6%), Finland (5.5%) and Sweden (5.2%).

Exports from Brazil increased at an average annual rate of +8.3% from 2012 to 2022. At the same time, Uruguay (+16.6%), Finland (+5.2%), Indonesia (+4.6%) and Sweden (+1.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.6% from 2012-2022. The United States and Chile experienced a relatively flat trend pattern. By contrast, Canada (-1.4%) illustrated a downward trend over the same period. Brazil (+11 p.p.) and Uruguay (+4 p.p.) significantly strengthened its position in terms of the global exports, while Chile, the United States and Canada saw its share reduced by -2.3%, -3.8% and -6.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2022, with a combined 46% share of global exports. Indonesia, Sweden, Finland, Chile and Uruguay lagged somewhat behind, together comprising a further 31%.

Uruguay, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, surging by 6.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. The global export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 the United States ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the other global leaders experienced more modest paces of growth.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports

In 2022, purchases abroad of wood pulp, excluding mechanical wood pulp decreased by -1% to X tons, falling for the second consecutive year after nine years of growth. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.8% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of wood pulp, excluding mechanical wood pulp rose significantly to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China represented the major importer of wood pulp, excluding mechanical wood pulp in the world, with the volume of imports reaching X tons, which was approx. 39% of total imports in 2022. The United States (X tons) held the second position in the ranking, followed by Germany (X tons) and Italy (X tons). All these countries together held near 22% share of total imports. The following importers - India (X tons), South Korea (X tons), the Netherlands (X tons), France (X tons), Turkey (X tons), Japan (X tons), Poland (X tons), Indonesia (X tons) and Spain (X tons) - together made up 22% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood pulp, excluding mechanical wood pulp imports into China stood at +4.8%. At the same time, India (+8.9%), Turkey (+6.8%), Poland (+6.2%), the United States (+3.3%), the Netherlands (+2.6%) and Spain (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +8.9% from 2012-2022. Indonesia, Italy and Japan experienced a relatively flat trend pattern. By contrast, South Korea (-1.2%), Germany (-1.2%) and France (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and India increased by +8.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported wood pulp, excluding mechanical wood pulp worldwide, comprising 39% of global imports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of global imports. It was followed by Germany, with a 6.6% share.

In China, imports of wood pulp, excluding mechanical wood pulp increased at an average annual rate of +6.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+3.8% per year) and Germany (+0.1% per year).

Import Prices by Country

The average import price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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