India: Semi-Chemical Wood Pulp Market 2025

Semi-Chemical Wood Pulp Market Size in India

In 2022, the Indian semi-chemical wood pulp market increased by 25% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a strong increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Semi-Chemical Wood Pulp Production in India

In value terms, semi-chemical wood pulp production declined to $X in 2022 estimated in export price. Over the period under review, production recorded moderate growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 121%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Semi-Chemical Wood Pulp Exports

Exports from India

In 2022, approx. X tons of semi-chemical wood pulp were exported from India; jumping by 95% on the year before. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2016 when exports increased by 1,506% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, semi-chemical wood pulp exports dropped dramatically to $X in 2022. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 1,485%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons) and the UK (X tons) were the main destinations of semi-chemical wood pulp exports from India.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +2.8%).

In value terms, the UK ($X) remains the key foreign market for semi-chemical wood pulp exports from India, comprising 76% of total exports. The second position in the ranking was taken by Canada ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +8.1%.

Export Prices by Country

In 2022, the average semi-chemical wood pulp export price amounted to $X per ton, with a decrease of -56.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 120% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.1%).

Semi-Chemical Wood Pulp Imports

Imports into India

In 2022, semi-chemical wood pulp imports into India totaled X tons, growing by 2.3% compared with the previous year. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 81%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, semi-chemical wood pulp imports surged to $X in 2022. In general, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 113% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Canada (X tons), New Zealand (X tons) and Sweden (X tons) were the main suppliers of semi-chemical wood pulp imports to India, with a combined 71% share of total imports. Estonia, Belgium, the Netherlands, the United States, Indonesia, Russia and China lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +86.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-chemical wood pulp suppliers to India were Canada ($X), New Zealand ($X) and Sweden ($X), with a combined 71% share of total imports. Estonia, the United States, Belgium, the Netherlands, Indonesia, China and Russia lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Belgium, with a CAGR of +84.6%, recorded 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

The average semi-chemical wood pulp import price stood at $X per ton in 2022, picking up by 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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