MERCOSUR: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in MERCOSUR

In 2021, the MERCOSUR bleached sulphate pulp market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bleached Sulphate Pulp Production in MERCOSUR

In value terms, bleached sulphate pulp production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 30%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Bleached Sulphate Pulp Exports

Exports in MERCOSUR

In 2021, bleached sulphate pulp exports in MERCOSUR rose to X tons, surging by 3.8% against the previous year's figure. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 +73.0% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 14% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, bleached sulphate pulp exports skyrocketed to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.7% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 31%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Brazil (X tons) was the key exporter of bleached sulphate pulp, mixing up 67% of total exports. Uruguay (X tons) held the second position in the ranking, followed by Chile (X tons). All these countries together took approx. 32% share of total exports.

Exports from Brazil increased at an average annual rate of +7.0% from 2012 to 2021. At the same time, Uruguay (+18.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +18.2% from 2012-2021. By contrast, Chile (-1.3%) illustrated a downward trend over the same period. Uruguay (+10 p.p.) and Brazil (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -14.2% from 2012 to 2021, respectively.

In value terms, Brazil ($X) remains the largest bleached sulphate pulp supplier in MERCOSUR, comprising 57% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (+18.2% per year) and Chile (-0.9% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, picking up by 20% against the previous year. Over the period under review, the export price, however, showed a slight setback. The pace of growth was the most pronounced in 2018 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+0.4%), while the other leaders experienced a decline in the export price figures.

Bleached Sulphate Pulp Imports

Imports in MERCOSUR

After two years of growth, overseas purchases of bleached sulphate pulp decreased by -5.2% to X tons in 2021. Over the period under review, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, bleached sulphate pulp imports soared to $X in 2021. In general, imports continue to indicate a noticeable contraction. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of bleached sulphate pulp, namely Argentina, Colombia, Brazil and Peru, represented more than two-thirds of total import. The following importers - Ecuador (X tons), Chile (X tons) and Uruguay (X tons) - together made up 7.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Brazil ($X) and Colombia ($X) were the countries with the highest levels of imports in 2021, with a combined 76% share of total imports. These countries were followed by Peru, Ecuador, Chile and Uruguay, which together accounted for a further 22%.

Chile, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, jumping by 25% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform