India: Recovered Fibre Pulp Market 2024

Recovered Fibre Pulp Market Size in India

In 2022, the Indian recovered fibre pulp market increased by 62% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption enjoyed strong growth. Recovered fibre pulp consumption peaked in 2022 and is likely to see steady growth in years to come.

Recovered Fibre Pulp Production in India

In value terms, recovered fibre pulp production expanded notably to $X in 2022 estimated in export price. In general, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 2,559% against the previous year. Recovered fibre pulp production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Recovered Fibre Pulp Exports

Exports from India

In 2022, overseas shipments of recovered fibre pulp decreased by -50.3% to X tons, falling for the second consecutive year after eight years of growth. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 2,631% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, recovered fibre pulp exports contracted notably to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,899% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Nepal (X tons) and Saudi Arabia (X tons) were the main destinations of recovered fibre pulp exports from India, together accounting for 87% of total exports.

From 2013 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +79.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for recovered fibre pulp exported from India were Nepal ($X), China ($X) and Saudi Arabia ($X), with a combined 89% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +83.1%, saw the highest rates of growth with regard to 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

In 2022, the average recovered fibre pulp export price amounted to $X per ton, rising by 37% against the previous year. Overall, the export price, however, showed a perceptible setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.2%), while the prices for the other major destinations experienced a decline.

Recovered Fibre Pulp Imports

Imports into India

Recovered fibre pulp imports into India amounted to X tons in 2022, growing by 9% against the previous year. Overall, imports saw strong growth. The growth pace was the most rapid in 2021 when imports increased by 717% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, recovered fibre pulp imports totaled $X in 2022. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 558%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest recovered fibre pulp supplier to India, with a 85% share of total imports. Moreover, recovered fibre pulp imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +76.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.8% per year) and Bulgaria (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of recovered fibre pulp to India, comprising 76% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +71.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.6% per year) and Bulgaria (0.0% per year).

Import Prices by Country

In 2022, the average recovered fibre pulp import price amounted to $X per ton, declining by -1.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 21%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%).

Source: IndexBox Platform

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