Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for chemical wood pulp (soda and sulphate, other than dissolving grades) expanded notably to $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Latin America and the Caribbean

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) declined modestly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.3% against 2012 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

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

Exports in Latin America and the Caribbean

Exports of chemical wood pulp (soda and sulphate, other than dissolving grades) was estimated at X tons in 2021, growing by 3.5% against the previous year. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.5% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 13% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) skyrocketed to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of chemical wood pulp (soda and sulphate, other than dissolving grades) in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. 66% of total exports in 2021. Chile (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Uruguay (16%).

Exports from Brazil increased at an average annual rate of +7.0% from 2012 to 2021. At the same time, Uruguay (+18.0%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +18.0% from 2012-2021. By contrast, Chile (-1.1%) illustrated a downward trend over the same period. Uruguay (+10 p.p.) and Brazil (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -14.6% from 2012 to 2021, respectively.

In value terms, Brazil ($X) remains the largest soda and sulphate chemical wood pulp supplier in Latin America and the Caribbean, comprising 56% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (+18.0% per year) and Chile (-0.4% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 20% against the previous year. In general, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 23%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Uruguay ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+0.7%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Latin America and the Caribbean

In 2021, approx. X tons of chemical wood pulp (soda and sulphate, other than dissolving grades) were imported in Latin America and the Caribbean; remaining constant against 2020 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 25%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) rose sharply to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the largest importer of chemical wood pulp (soda and sulphate, other than dissolving grades) in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was near 44% of total imports in 2021. Argentina (X tons) ranks second in terms of the total imports with a 12% share, followed by Colombia (9.2%), Brazil (8.2%), Peru (6.6%) and Cayman Islands (6.4%). El Salvador (X tons) took a relatively small share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of chemical wood pulp (soda and sulphate, other than dissolving grades). At the same time, El Salvador (+59.3%), Cayman Islands (+53.5%), Argentina (+5.8%), Peru (+3.0%) and Colombia (+1.2%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +59.3% from 2012-2021. By contrast, Brazil (-10.0%) illustrated a downward trend over the same period. While the share of Cayman Islands (+6.2 p.p.), Argentina (+4.3 p.p.) and El Salvador (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-14.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported chemical wood pulp (soda and sulphate, other than dissolving grades) in Latin America and the Caribbean, comprising 42% of total imports. The second position in the ranking was taken by Argentina ($X), with a 12% share of total imports. It was followed by Colombia, with an 11% share.

In Mexico, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+4.7% per year) and Colombia (+1.6% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 14%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Brazil ($X per ton) and Colombia ($X per ton), while Peru ($X per ton) and El Salvador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cayman Islands (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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