New Zealand: Sulphite Wood Pulp Market 2024

Sulphite Wood Pulp Market Size in New Zealand

The New Zealand sulphite wood pulp market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a perceptible decline. Sulphite wood pulp consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Sulphite Wood Pulp Production in New Zealand

In value terms, sulphite wood pulp production soared to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 decreased by -24.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 47% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Sulphite Wood Pulp Exports

Exports from New Zealand

In 2021, the amount of chemical wood pulp (sulphite, other than dissolving grades) exported from New Zealand was estimated at X tons, leveling off at 2020 figures. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2018 when exports increased by 69% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sulphite wood pulp exports skyrocketed to $X in 2021. In general, exports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2018 with an increase of 75% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) was the main destination for sulphite wood pulp exports from New Zealand, accounting for a 91% share of total exports. Moreover, sulphite wood pulp exports to South Africa exceeded the volume sent to the second major destination, the Philippines (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-12.7% per year) and Taiwan (Chinese) (+18.1% per year).

In value terms, South Africa ($X) remains the key foreign market for chemical wood pulp (sulphite, other than dissolving grades) exports from New Zealand, comprising 96% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Africa totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+9.1% per year) and the Philippines (-27.6% per year).

Export Prices by Country

In 2021, the average sulphite wood pulp export price amounted to $X per ton, increasing by 20% against the previous year. Overall, the export price, however, saw a mild reduction. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-0.1%), while the prices for the other major destinations experienced a decline.

Sulphite Wood Pulp Imports

Imports into New Zealand

Sulphite wood pulp imports into New Zealand soared to X tons in 2021, increasing by 187% on the previous year's figure. In general, imports, however, continue to indicate a precipitous contraction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sulphite wood pulp imports surged to $X in 2021. Over the period under review, imports, however, recorded a sharp curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of sulphite wood pulp to New Zealand, with a 76% share of total imports. Moreover, sulphite wood pulp imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled -36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-20.2% per year) and the United States (-39.6% per year).

In value terms, Canada ($X) constituted the largest supplier of chemical wood pulp (sulphite, other than dissolving grades) to New Zealand, comprising 58% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada totaled -30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.0% per year) and the United States (-33.0% per year).

Import Prices by Country

In 2021, the average sulphite wood pulp import price amounted to $X per ton, increasing by 23% against the previous year. Overall, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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