Spain: Mechanical Wood Pulp Market 2024

Mechanical Wood Pulp Market Size in Spain

The Spanish mechanical wood pulp market surged to $X in 2022, jumping by 20% against the previous year. In general, consumption, however, continues to indicate a slight curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mechanical Wood Pulp Production in Spain

In value terms, mechanical wood pulp production rose sharply to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +43.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Mechanical Wood Pulp Exports

Exports from Spain

After three years of growth, overseas shipments of mechanical wood pulp decreased by -14.8% to X tons in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 22,408%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, mechanical wood pulp exports rose to $X in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 26,854%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for mechanical wood pulp exports from Spain, with a 64% share of total exports. Moreover, mechanical wood pulp exports to Germany exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by South Africa (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+114.6% per year) and South Africa (+117.9% per year).

In value terms, Germany ($X) remains the key foreign market for mechanical wood pulp exports from Spain, comprising 60% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by South Africa, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+132.0% per year) and South Africa (+131.9% per year).

Export Prices by Country

The average mechanical wood pulp export price stood at $X per ton in 2022, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The pace of growth was the most pronounced in 2013 an increase of 20%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Portugal ($X per ton) and South Africa ($X per ton), while the average price for exports to Germany ($X per ton) and Greece ($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 Turkey (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mechanical Wood Pulp Imports

Imports into Spain

In 2022, overseas purchases of mechanical wood pulp were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 922% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mechanical wood pulp imports surged to $X in 2022. Over the period under review, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 619% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of mechanical wood pulp imports to Spain, together comprising 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +45.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical wood pulp suppliers to Spain were Sweden ($X), Finland ($X) and France ($X), together accounting for 86% of total imports.

Finland, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mechanical wood pulp import price stood at $X per ton in 2022, declining by -7.4% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+95.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :