Sri Lanka: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2025

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Sri Lanka

The Sri Lankan market for wood pulp, excluding mechanical wood pulp surged to $X in 2022, jumping by 40% against the previous year. In general, consumption recorded a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Sri Lanka

In value terms, production of wood pulp, excluding mechanical wood pulp rose significantly to $X in 2022 estimated in export price. In general, production showed a noticeable decline. The growth pace was the most rapid in 2020 when the production volume increased by 59% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Sri Lanka

In 2022, after two years of growth, there was significant decline in shipments abroad of wood pulp, excluding mechanical wood pulp, when their volume decreased by -98.9% to X kg. Overall, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2015 with an increase of 27,385%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp declined remarkably to $X in 2022. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 24,161%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for exports of wood pulp, excluding mechanical wood pulp from Sri Lanka, accounting for a approx. 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to -29.3%.

In value terms, Singapore ($X) emerged as the key foreign market for wood pulp, excluding mechanical wood pulp exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to -28.0%.

Export Prices by Country

In 2022, the average export price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the export price saw a noticeable increase. The pace of growth appeared the most rapid in 2014 an increase of 411% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +3.1% per year.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Sri Lanka

In 2022, imports of wood pulp, excluding mechanical wood pulp into Sri Lanka totaled X tons, picking up by 4.7% against 2021. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 104%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of wood pulp, excluding mechanical wood pulp soared to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 66%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), China (X tons) and New Zealand (X tons) were the main suppliers of imports of wood pulp, excluding mechanical wood pulp to Sri Lanka, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +88.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and New Zealand ($X) appeared to be the largest wood pulp, excluding mechanical wood pulp suppliers to Sri Lanka, together comprising 86% of total imports.

In terms of the main suppliers, China, with a CAGR of +88.6%, saw the highest growth rate of 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 import price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, surging by 51% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +62.7% against 2020 indices. As a result, import price attained 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 the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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