Portugal: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in Portugal

The Portuguese dissolving grade wood pulp market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Dissolving Grade Wood Pulp in Portugal

In value terms, dissolving grade wood pulp production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see steady growth in the near future.

Exports of Dissolving Grade Wood Pulp

Exports from Portugal

In 2022, the amount of dissolving grade wood pulp exported from Portugal shrank slightly to X tons, waning by -2.6% on 2021 figures. Overall, total exports indicated a remarkable increase from 2015 to 2022: its volume increased at an average annual rate of +9.7% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 118%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, dissolving grade wood pulp exports amounted to $X in 2022. In general, total exports indicated a prominent increase from 2015 to 2022: its value increased at an average annual rate of +13.1% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 131%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for dissolving grade wood pulp exports from Portugal, with a 87% share of total exports. Moreover, dissolving grade wood pulp exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 2.8% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to China amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-20.0% per year) and Taiwan (Chinese) (-0.1% per year).

In value terms, China ($X) remains the key foreign market for dissolving grade wood pulp exports from Portugal, comprising 87% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3% share of total exports. It was followed by Spain, with a 2.8% share.

From 2015 to 2022, the average annual growth rate of value to China stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+5.2% per year) and Spain (+16.4% per year).

Export Prices by Country

The average dissolving grade wood pulp export price stood at $X per ton in 2022, picking up by 7.6% against the previous year. Over the period from 2015 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to Turkey ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dissolving Grade Wood Pulp

Imports into Portugal

In 2022, overseas purchases of dissolving grade wood pulp increased by 64% to X tons, rising for the second year in a row after three years of decline. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 388,929% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dissolving grade wood pulp imports surged to $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 82,914%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) was the main dissolving grade wood pulp supplier to Portugal, accounting for a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +148.6%.

In value terms, Spain ($X) constituted the largest supplier of dissolving grade wood pulp to Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +114.1%.

Import Prices by Country

In 2022, the average dissolving grade wood pulp import price amounted to $X per ton, declining by -17.3% against the previous year. In general, the import price recorded a pronounced setback. The growth pace was the most rapid in 2013 an increase of 163% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +62.7% per year.

Source: IndexBox Platform

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