Overview of the Global Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Market Size for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

In 2021, the global market for chemical wood pulp (soda and sulphate, other than dissolving grades) was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) rose remarkably to $X in 2021 estimated in export price. In general, production saw slight growth. The growth pace was the most rapid in 2014 when the production volume increased by 18%. Over the period under review, global production of attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Exports

In 2021, after six years of growth, there was decline in overseas shipments of chemical wood pulp (soda and sulphate, other than dissolving grades), when their volume decreased by -0.2% to X tons. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 6.7%. The global exports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) surged to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Brazil (X tons) represented the main exporter of chemical wood pulp (soda and sulphate, other than dissolving grades), creating 26% of total exports. The United States (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Canada (9.9%), Indonesia (8.2%), Chile (6.5%), Finland (6.5%), Uruguay (6.5%) and Sweden (5.7%).

From 2012 to 2021, average annual rates of growth with regard to soda and sulphate chemical wood pulp exports from Brazil stood at +7.0%. At the same time, Uruguay (+18.0%), Finland (+7.2%), Indonesia (+4.8%) and Sweden (+2.9%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.0% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, Chile (-1.1%) and Canada (-1.6%) illustrated a downward trend over the same period. While the share of Brazil (+7.4 p.p.), Uruguay (+4.5 p.p.) and Finland (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Chile (-3 p.p.), the United States (-4 p.p.) and Canada (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2021, with a combined 43% share of global exports. Finland, Sweden, Indonesia, Uruguay and Chile lagged somewhat behind, together accounting for a further 35%.

Uruguay, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2021, increasing by 27% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The global export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the other global leaders experienced more modest paces of growth.

Imports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Imports

After nine years of growth, purchases abroad of chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -1% to X tons in 2021. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 7.1% against the previous year. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) represented the main importer of chemical wood pulp (soda and sulphate, other than dissolving grades), mixing up 38% of total imports. The United States (X tons) ranks second in terms of the total imports with an 8.9% share, followed by Germany (6.4%), the Netherlands (5.6%) and Italy (5.4%). The following importers - South Korea (X tons), Turkey (X tons), France (X tons), Japan (X tons), Poland (X tons) and Spain (X tons) - together made up 15% of total imports.

Imports into China increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, the Netherlands (+10.1%), Turkey (+7.4%), Poland (+6.4%), the United States (+2.3%) and Spain (+2.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +10.1% from 2012-2021. Italy and South Korea experienced a relatively flat trend pattern. By contrast, Germany (-1.2%), Japan (-1.5%) and France (-1.9%) illustrated a downward trend over the same period. China (+7.7 p.p.) and the Netherlands (+2.5 p.p.) significantly strengthened its position in terms of the global imports, while Italy and Germany saw its share reduced by -1.6% and -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chemical wood pulp (soda and sulphate, other than dissolving grades) worldwide, comprising 38% of global imports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of global imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.7%. In the other countries, the average annual rates were as follows: the United States (+2.9% per year) and Germany (-0.9% per year).

Import Prices by Country

The average import price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2021, rising by 29% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and Turkey ($X per ton), while the Netherlands ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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