SADC: Market for Dissolving Grade Wood Pulp 2024

Market Size for Dissolving Grade Wood Pulp in SADC

The SADC dissolving grade wood pulp market reduced markedly to $X in 2021, waning by -41% against the previous year. Over the period under review, consumption, however, enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Dissolving Grade Wood Pulp in SADC

In value terms, dissolving grade wood pulp production fell rapidly to $X in 2021 estimated in export price. Overall, production saw a modest expansion. The pace of growth was the most pronounced in 2014 with an increase of 453% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Dissolving Grade Wood Pulp

Exports in SADC

In 2021, overseas shipments of dissolving grade wood pulp were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 18%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, dissolving grade wood pulp exports skyrocketed to $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +87.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

South Africa (X tons) represented roughly 99.9% of total exports in 2021.

South Africa was also the fastest-growing in terms of the dissolving grade wood pulp exports, with a CAGR of +3.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest dissolving grade wood pulp supplier in SADC.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +4.5%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, increasing by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the export price increased by 59% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +1.2% per year.

Imports of Dissolving Grade Wood Pulp

Imports in SADC

In 2021, the amount of dissolving grade wood pulp imported in SADC rose significantly to X tons, growing by 13% against the previous year. In general, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 2,039%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, dissolving grade wood pulp imports soared to $X in 2021. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 731%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

South Africa was the key importing country with an import of around X tons, which resulted at 50% of total imports. Mauritius (X tons) took the second position in the ranking, distantly followed by Madagascar (X tons) and Swaziland (X tons). All these countries together took approx. 43% share of total imports. The following importers - Mozambique (X tons) and Tanzania (X tons) - together made up 7% of total imports.

Imports into South Africa decreased at an average annual rate of -2.0% from 2012 to 2021. At the same time, Swaziland (+35.7%), Mauritius (+33.5%) and Madagascar (+12.0%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in SADC, with a CAGR of +35.7% from 2012-2021. Mozambique experienced a relatively flat trend pattern. By contrast, Tanzania (-1.6%) illustrated a downward trend over the same period. While the share of Mauritius (+21 p.p.), Madagascar (+7.4 p.p.) and Swaziland (+4.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mozambique (-1.8 p.p.) and South Africa (-28.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritius ($X), South Africa ($X) and Madagascar ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 90% of total imports.

Mauritius, with a CAGR of +34.5%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in SADC stood at $X per ton in 2021, growing by 17% against the previous year. In general, the import price, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 119%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Madagascar (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform