Serbia: Wood Pulp Market 2024

Wood Pulp Market Size in Serbia

The Serbian wood pulp market surged to $X in 2022, jumping by X% against the previous year. In general, consumption posted resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Wood Pulp Production in Serbia

In value terms, wood pulp production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with a decrease of X%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

Wood Pulp Exports

Exports from Serbia

Wood pulp exports from Serbia dropped markedly to X tons in 2022, waning by X% on the year before. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, wood pulp exports reduced to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

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

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Russia ($X) and Turkey ($X) appeared to be the largest markets for wood pulp exported from Serbia worldwide, together accounting for X% of total exports.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 wood pulp export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Wood Pulp Imports

Imports into Serbia

In 2022, the amount of wood pulp imported into Serbia expanded sharply to X tons, increasing by X% against the year before. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wood pulp imports soared to $X in 2022. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of wood pulp to Serbia, with a X% share of total imports. Moreover, wood pulp imports from Belarus exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. The third position in this ranking was taken by Slovakia (X tons), with an X% share.

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

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

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

Import Prices by Country

In 2022, the average wood pulp import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Brazil ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform