Latin America and the Caribbean: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Latin America and the Caribbean

The Latin American dissolving grade wood pulp market surged to $X in 2022, with an increase of 121% against the previous year. Overall, consumption, however, continues to indicate a pronounced reduction. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Dissolving Grade Wood Pulp in Latin America and the Caribbean

In value terms, dissolving grade wood pulp production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Dissolving Grade Wood Pulp

Exports in Latin America and the Caribbean

In 2022, approx. X tons of dissolving grade wood pulp were exported in Latin America and the Caribbean; reducing by -2.4% on the previous year's figure. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, the exports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, dissolving grade wood pulp exports stood at $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 94%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Brazil (X tons) was the largest exporter of dissolving grade wood pulp, achieving 71% of total exports. It was distantly followed by Chile (X tons), generating a 29% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dissolving grade wood pulp exports from Brazil stood at +5.0%. At the same time, Chile (+93.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +93.3% from 2012-2022. While the share of Chile (+29 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-28.7 p.p.) displayed negative dynamics.

In value terms, the largest dissolving grade wood pulp supplying countries in Latin America and the Caribbean were Brazil ($X) and Chile ($X).

In terms of the main exporting countries, Chile, with a CAGR of +137.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by 11% against the previous year. Overall, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+22.8%).

Imports of Dissolving Grade Wood Pulp

Imports in Latin America and the Caribbean

In 2022, approx. X tons of dissolving grade wood pulp were imported in Latin America and the Caribbean; falling by -10.3% against 2021 figures. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 167%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, dissolving grade wood pulp imports amounted to $X in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 178% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) represented the largest importer of dissolving grade wood pulp, comprising 61% of total imports. Mexico (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (12%) and Venezuela (5%). The following importers - Argentina (X tons) and Uruguay (X tons) - each amounted to a 3.3% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to dissolving grade wood pulp imports into Brazil stood at +3.0%. At the same time, Venezuela (+81.9%), Uruguay (+18.6%), Colombia (+13.8%) and Argentina (+12.1%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +81.9% from 2012-2022. By contrast, Mexico (-22.7%) illustrated a downward trend over the same period. While the share of Brazil (+47 p.p.), Colombia (+11 p.p.), Venezuela (+5 p.p.) and Argentina (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-56.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported dissolving grade wood pulp in Latin America and the Caribbean, comprising 63% of total imports. The second position in the ranking was held by Mexico ($X), with a 22% share of total imports. It was followed by Colombia, with a 6% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +4.2%. In the other countries, the average annual rates were as follows: Mexico (-23.5% per year) and Colombia (+3.4% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by 20% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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