Estonia: Unbleached Sulphate Pulp Market 2024

Unbleached Sulphate Pulp Market Size in Estonia

In 2022, after two years of growth, there was decline in the Estonian unbleached sulphate pulp market, when its value decreased by -3.9% to $X. Over the period under review, consumption saw a noticeable contraction. 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.

Unbleached Sulphate Pulp Production in Estonia

In value terms, unbleached sulphate pulp production expanded significantly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 67% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Unbleached Sulphate Pulp Exports

Exports from Estonia

In 2022, the amount of unbleached sulphate pulp exported from Estonia soared to X tons, increasing by 93% compared with the previous year's figure. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,114% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, unbleached sulphate pulp exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,222%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of unbleached sulphate pulp exports from Estonia, with a combined 86% share of total exports. Sri Lanka, Poland and Egypt lagged somewhat behind, together comprising a further 14%.

From 2016 to 2022, the biggest increases were recorded for Poland (with a CAGR of +252.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the Czech Republic ($X) were the largest markets for unbleached sulphate pulp exported from Estonia worldwide, with a combined 85% share of total exports. Sri Lanka, Poland and Egypt lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Poland, with a CAGR of +305.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average unbleached sulphate pulp export price stood at $X per ton in 2022, rising by 6.6% against the previous year. Overall, the export price showed resilient growth. The growth pace was the most rapid in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Unbleached Sulphate Pulp Imports

Imports into Estonia

After three years of growth, overseas purchases of unbleached sulphate pulp decreased by -9.4% to X tons in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 386%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, unbleached sulphate pulp imports reduced modestly to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 554%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Finland (X tons) was the main supplier of unbleached sulphate pulp to Estonia, accounting for a 94% share of total imports. Moreover, unbleached sulphate pulp imports from Finland exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold.

From 2016 to 2022, the average annual rate of growth in terms of volume from Finland stood at +37.4%.

In value terms, Finland ($X) constituted the largest supplier of unbleached sulphate pulp to Estonia, comprising 94% of total imports. The second position in the ranking was held by Russia ($X), with a 5.9% share of total imports.

From 2016 to 2022, the average annual growth rate of value from Finland stood at +43.7%.

Import Prices by Country

The average unbleached sulphate pulp import price stood at $X per ton in 2022, with an increase of 7.8% against the previous year. In general, the import price posted a noticeable increase. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Finland totaled $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.6%).

Source: IndexBox Platform

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