Scandinavia: Mechanical Wood Pulp Market 2024

Mechanical Wood Pulp Market Size in Scandinavia

In 2022, the Scandinavia mechanical wood pulp market increased by 14% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Mechanical Wood Pulp Production in Scandinavia

In value terms, mechanical wood pulp production soared to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +39.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Mechanical Wood Pulp Exports

Exports in Scandinavia

In 2022, shipments abroad of mechanical wood pulp decreased by -17.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of 57%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical wood pulp exports amounted to $X in 2022. Overall, exports saw a pronounced reduction. The growth pace was the most rapid in 2014 when exports increased by 48%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) and Norway (X tons) dominates exports structure, together comprising 96% of total exports. Finland (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +300.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Finland, with a CAGR of +234.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, with an increase of 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Mechanical Wood Pulp Imports

Imports in Scandinavia

In 2022, after three years of decline, there was significant growth in supplies from abroad of mechanical wood pulp, when their volume increased by 11% to X tons. In general, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2016 when imports increased by 73%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mechanical wood pulp imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 121% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden dominates imports structure, amounting to X tons, which was approx. 96% of total imports in 2022. The following importers - Norway (X tons) and Finland (X tons) - each finished at a 4.1% share of total imports.

Imports into Sweden decreased at an average annual rate of -2.5% from 2012 to 2022. At the same time, Norway (+3.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.6% from 2012-2022. By contrast, Finland (-21.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported mechanical wood pulp in Scandinavia, comprising 96% of total imports. The second position in the ranking was held by Norway ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+1.9% per year) and Finland (-21.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, picking up by 26% against the previous year. In general, the import price posted modest growth. The growth pace was the most rapid in 2018 when the import price increased by 88% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform