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

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

The Serbian market for wood pulp, excluding mechanical wood pulp soared to $X in 2022, surging by 29% against the previous year. Over the period under review, consumption continues to indicate resilient growth. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Serbia

In value terms, production of wood pulp, excluding mechanical wood pulp declined modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by 27% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Serbia

In 2022, approx. X tons of wood pulp, excluding mechanical wood pulp were exported from Serbia; declining by -54.1% compared with the previous year's figure. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 815%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, exports of wood pulp, excluding mechanical wood pulp reduced notably to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 640% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of exports of wood pulp, excluding mechanical wood pulp from Serbia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +80.5%).

In value terms, Bosnia and Herzegovina ($X) and Slovenia ($X) were the largest markets for wood pulp, excluding mechanical wood pulp exported from Serbia worldwide.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +66.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average export price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, with an increase of 1.7% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-2.2%), while the prices for the other major destinations experienced a decline.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Serbia

In 2022, the amount of wood pulp, excluding mechanical wood pulp imported into Serbia amounted to X tons, rising by 4.8% compared with the year before. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 39% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wood pulp, excluding mechanical wood pulp skyrocketed to $X in 2022. Overall, imports showed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 63% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Belarus (X tons) constituted the largest wood pulp, excluding mechanical wood pulp supplier to Serbia, with a 53% share of total imports. Moreover, imports of wood pulp, excluding mechanical wood pulp from Belarus exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus stood at +258.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+10.7% per year) and Slovakia (+2.1% per year).

In value terms, Belarus ($X) constituted the largest supplier of wood pulp, excluding mechanical wood pulp to Serbia, comprising 53% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 16% share of total imports. It was followed by Slovakia, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Belarus stood at +383.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+15.1% per year) and Slovakia (+4.0% per year).

Import Prices by Country

In 2022, the average import price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, surging by 32% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood pulp, excluding mechanical wood pulp increased by +69.9% against 2020 indices. 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 the Czech Republic ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform