Mexico: Bleached Sulphite Pulp Market 2024

Bleached Sulphite Pulp Market Size in Mexico

The Mexican bleached sulphite pulp market surged to $X in 2022, rising by 51% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a prominent increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Bleached Sulphite Pulp Exports

Exports from Mexico

In 2022, shipments abroad of bleached sulphite pulp decreased by -16% to X kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 287%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, bleached sulphite pulp exports reduced notably to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 283%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for bleached sulphite pulp exports from Mexico, accounting for a 91% share of total exports. Moreover, bleached sulphite pulp exports to the United States exceeded the volume sent to the second major destination, the Czech Republic (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +66.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Guatemala (-2.5% per year).

In value terms, the United States ($X) remains the key foreign market for bleached sulphite pulp exports from Mexico, comprising 91% of total exports. The second position in the ranking was held by Guatemala ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-6.3% per year) and the Czech Republic (0.0% per year).

Export Prices by Country

The average bleached sulphite pulp export price stood at $X per ton in 2022, waning by -28.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 63% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-3.8%), while the prices for the other major destinations experienced a decline.

Bleached Sulphite Pulp Imports

Imports into Mexico

In 2022, approx. X tons of bleached sulphite pulp were imported into Mexico; rising by 33% on the year before. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 429% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, bleached sulphite pulp imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 213% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of bleached sulphite pulp to Mexico, with a 34% share of total imports. Moreover, bleached sulphite pulp imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.0% per year) and China (-7.6% per year).

In value terms, Germany ($X) constituted the largest supplier of bleached sulphite pulp to Mexico, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 2.8% share of total imports. It was followed by the United States, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and the United States (-15.4% per year).

Import Prices by Country

The average bleached sulphite pulp import price stood at $X per ton in 2022, rising by 22% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 87%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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