India: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2024

Market Size for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in India

The Indian market for chemical wood pulp (soda and sulphate, other than dissolving grades) fell modestly to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in India

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 20% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Exports from India

In 2021, approx. X tons of chemical wood pulp (soda and sulphate, other than dissolving grades) were exported from India; increasing by 3.2% compared with 2020. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 37% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for exports of chemical wood pulp (soda and sulphate, other than dissolving grades) from India, with a 48% share of total exports. Moreover, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) to Vietnam exceeded the volume sent to the second major destination, Nepal (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at +109.4%.

In value terms, Vietnam ($X) remains the key foreign market for chemical wood pulp (soda and sulphate, other than dissolving grades) exports from India, comprising 48% of total exports. The second position in the ranking was held by Nepal ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +103.9%.

Export Prices by Country

The average export price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2021, growing by 30% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Nepal ($X per ton), while the average price for exports to Vietnam stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Imports into India

In 2021, the amount of chemical wood pulp (soda and sulphate, other than dissolving grades) imported into India reached X tons, growing by 3.6% compared with 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 9.8%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Indonesia (X tons) and Chile (X tons) were the main suppliers of imports of chemical wood pulp (soda and sulphate, other than dissolving grades) to India, with a combined 64% share of total imports. Canada, Singapore, Sweden, Austria, Russia, Malaysia, Finland and Estonia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +44.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and Chile ($X) appeared to be the largest soda and sulphate chemical wood pulp suppliers to India, together comprising 63% of total imports. Canada, Singapore, Sweden, Austria, Russia, Malaysia, Finland and Estonia lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Singapore, with a CAGR of +43.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for chemical wood pulp (soda and sulphate, other than dissolving grades) amounted to $X per ton, picking up by 30% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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