Finland: Market for Dissolving Grade Wood Pulp 2023

Market Size for Dissolving Grade Wood Pulp in Finland

In 2021, the Finnish dissolving grade wood pulp market decreased by -27.4% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption, however, showed a significant increase. Dissolving grade wood pulp consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Dissolving Grade Wood Pulp in Finland

In value terms, dissolving grade wood pulp production surged to $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Dissolving Grade Wood Pulp

Exports from Finland

For the third year in a row, Finland recorded growth in overseas shipments of dissolving grade wood pulp, which increased by 48% to X tons in 2021. Over the period under review, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dissolving grade wood pulp exports surged to $X in 2021. Overall, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for dissolving grade wood pulp exports from Finland, with a 80% share of total exports. Moreover, dissolving grade wood pulp exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold. Lithuania (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+42.5% per year) and Lithuania (0.0% per year).

In value terms, China ($X) remains the key foreign market for dissolving grade wood pulp exports from Finland, comprising 81% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 15% share of total exports. It was followed by Lithuania, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+45.1% per year) and Lithuania (0.0% per year).

Export Prices by Country

In 2021, the average dissolving grade wood pulp export price amounted to $X per ton, jumping by 53% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Hong Kong SAR ($X per ton) and China ($X per ton), while the average price for exports to Lithuania ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dissolving Grade Wood Pulp

Imports into Finland

Dissolving grade wood pulp imports into Finland declined modestly to X tons in 2021, approximately equating 2020 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, dissolving grade wood pulp imports shrank slightly to $X in 2021. Over the period under review, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X tons), Sweden (X tons) and the United States (X tons) were the main suppliers of dissolving grade wood pulp imports to Finland, together accounting for 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dissolving grade wood pulp suppliers to Finland were Canada ($X), Sweden ($X) and the United States ($X), together comprising 99% of total imports.

Sweden, with a CAGR of +10.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average dissolving grade wood pulp import price stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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