Portugal: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Portugal

The Portuguese market for wood pulp, excluding mechanical wood pulp declined to $X in 2022, stabilizing at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 9% against the previous year. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Portugal

In value terms, production of wood pulp, excluding mechanical wood pulp dropped to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Portugal

In 2022, overseas shipments of wood pulp, excluding mechanical wood pulp decreased by -3.7% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 7.9%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of exports of wood pulp, excluding mechanical wood pulp from Portugal, with a combined 52% share of total exports. Germany, Turkey, Sweden, China, France, Italy and the UK lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +18.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood pulp, excluding mechanical wood pulp exported from Portugal were Spain ($X), the Netherlands ($X) and Poland ($X), with a combined 52% share of total exports. Germany, Turkey, China, Sweden, France, Italy and the UK lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Turkey, with a CAGR of +23.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 China ($X per ton), while the average price for exports to Sweden ($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 the UK (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Portugal

Imports of wood pulp, excluding mechanical wood pulp into Portugal dropped modestly to X tons in 2022, reducing by -1.7% compared with the year before. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.0% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 24%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of wood pulp, excluding mechanical wood pulp amounted to $X in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 50% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Sweden (X tons), Finland (X tons) and Spain (X tons) were the main suppliers of imports of wood pulp, excluding mechanical wood pulp to Portugal, together accounting for 68% of total imports. Chile, Germany, France, the United States and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +105.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Chile ($X) were the largest wood pulp, excluding mechanical wood pulp suppliers to Portugal, together comprising 68% of total imports.

Chile, with a CAGR of +111.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2021 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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