Cyprus: Sulphite Wood Pulp Market 2020

Sulphite Wood Pulp Market Size in Cyprus

The revenue of the sulphite wood pulp market in Cyprus amounted to $X in 2018, approximately mirroring the previous year. In general, the total market indicated a modest increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sulphite wood pulp consumption decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Cyprus sulphite wood pulp consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Sulphite Wood Pulp Production in Cyprus

In value terms, sulphite wood pulp production totaled $X in 2018 estimated in export prices. In general, sulphite wood pulp production, however, continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. In that year, sulphite wood pulp production reached its peak level of $X. From 2013 to 2018, sulphite wood pulp production growth failed to regain its momentum.

Sulphite Wood Pulp Exports

Exports from Cyprus

Sulphite wood pulp exports from Cyprus amounted to X tons in 2018, reducing by -X% against the previous year. Over the period under review, sulphite wood pulp exports continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, sulphite wood pulp exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, sulphite wood pulp exports amounted to $X in 2018. In general, sulphite wood pulp exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2011 when exports decreased by -X% against the previous year. Over the period under review, sulphite wood pulp exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Canada represented the key exporting country with an export of around X tons, which resulted at X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by the U.S. (X%), the Czech Republic (X%) and Norway (X%). Sweden (X tons), Austria (X tons), Portugal (X tons), New Zealand (X tons), Finland (X tons), Uruguay (X tons) and Brazil (X tons) held a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to sulphite wood pulp exports from Canada stood at +X%. At the same time, Brazil (+X%), Uruguay (+X%), New Zealand (+X%) and Norway (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Sweden experienced a relatively flat trend pattern. By contrast, Austria (-X%), Finland (-X%), Germany (-X%), the U.S. (-X%), Portugal (-X%) and the Czech Republic (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Canada, Norway, Brazil and Uruguay increased by +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.), Portugal (-X p.p.), the U.S. (-X p.p.) and the Czech Republic (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Canada ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Norway, the Czech Republic, Austria, Brazil, Portugal, New Zealand, Finland, Sweden, Uruguay and Cyprus lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The sulphite wood pulp export price in Cyprus stood at $X per ton in 2018, falling by -X% against the previous year. Over the period under review, the sulphite wood pulp export price continues to indicate a drastic decrease. The pace of growth was the most pronounced in 2014 a decrease of -X% year-to-year. Cyprus export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Sulphite Wood Pulp Imports

Imports into Cyprus

In 2018, the imports of chemical wood pulp (sulphite, other than dissolving grades) into Cyprus amounted to X tons, coming down by -X% against the previous year. Overall, sulphite wood pulp imports continue to indicate a drastic setback. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. In that year, sulphite wood pulp imports reached their peak of X tons. From 2014 to 2018, the growth of sulphite wood pulp imports failed to regain its momentum.

In value terms, sulphite wood pulp imports stood at $X in 2018. In general, sulphite wood pulp imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, sulphite wood pulp imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. represented the key importer of chemical wood pulp (sulphite, other than dissolving grades) in the world, with the volume of imports accounting for X tons, which was near X% of total imports in 2018. Spain (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Germany (X%), Indonesia (X%), Jordan (X%), Taiwan, Chinese (X%) and South Africa (X%). The following importers - France (X tons), Norway (X tons), Italy (X tons), Canada (X tons) and Serbia (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to sulphite wood pulp imports into the U.S. stood at +X%. At the same time, Serbia (+X%), Jordan (+X%), Norway (+X%), Indonesia (+X%), Spain (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada experienced a relatively flat trend pattern. By contrast, South Africa (-X%), France (-X%), Germany (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Jordan (+X p.p.), Indonesia (+X p.p.), Spain (+X p.p.) and Norway (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Italy (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. France, Indonesia, Taiwan, Chinese, Jordan, South Africa, Italy, Norway, Serbia, Canada and Cyprus lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sulphite wood pulp import price in Cyprus stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the import price indicated a modest increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sulphite wood pulp import price increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. Over the period under review, the import prices for chemical wood pulp (sulphite, other than dissolving grades) reached their peak figure in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform