Serbia: Mechanical Wood Pulp Market 2025

Mechanical Wood Pulp Market Size in Serbia

The Serbian mechanical wood pulp market soared to $X in 2022, with an increase of 91% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mechanical Wood Pulp Exports

Exports from Serbia

In 2022, mechanical wood pulp exports from Serbia soared to X tons, picking up by 349% against 2021 figures. Overall, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechanical wood pulp exports surged to $X in 2022. In general, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Turkey (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of mechanical wood pulp exports from Serbia, with a combined 98% share of total exports.

From 2014 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +4.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Turkey ($X) and Bosnia and Herzegovina ($X) were the largest markets for mechanical wood pulp exported from Serbia worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +8.1%, 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

The average mechanical wood pulp export price stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the period from 2014 to 2022, it increased at an average annual rate of +6.7%. The pace of growth was the most pronounced in 2015 when the average export price increased by 35%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and North Macedonia ($X per ton), while the average price for exports to Russia ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+3.6%).

Mechanical Wood Pulp Imports

Imports into Serbia

For the third consecutive year, Serbia recorded growth in purchases abroad of mechanical wood pulp, which increased by 75% to X tons in 2022. Over the period under review, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechanical wood pulp imports surged to $X in 2022. Overall, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Croatia (X tons), Norway (X tons) and Germany (X tons) were the main suppliers of mechanical wood pulp imports to Serbia, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +55.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical wood pulp suppliers to Serbia were Croatia ($X), Norway ($X) and Germany ($X), together accounting for 93% of total imports.

Among the main suppliers, Norway, with a CAGR of +56.0%, recorded the highest rates of growth with regard to the value of imports, 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 mechanical wood pulp import price amounted to $X per ton, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform