India: Wood Pulp Market 2024

Wood Pulp Market Size in India

In 2022, the Indian wood pulp market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wood pulp consumption peaked in 2022 and is likely to continue growth in years to come.

Wood Pulp Production in India

In value terms, wood pulp production contracted markedly to $X in 2022 estimated in export price. In general, production, however, recorded a sharp downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Wood pulp production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Wood Pulp Exports

Exports from India

In 2022, overseas shipments of wood pulp were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wood pulp exports skyrocketed to $X in 2022. In general, exports recorded a notable expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), the United Arab Emirates (X tons) and Canada (X tons) were the main destinations of wood pulp exports from India, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United Arab Emirates ($X) and Greece ($X) were the largest markets for wood pulp exported from India worldwide, together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood pulp export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood pulp export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Pulp Imports

Imports into India

In 2022, approx. X tons of wood pulp were imported into India; jumping by X% compared with the previous year's figure. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, wood pulp imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

South Africa (X tons), Canada (X tons) and Indonesia (X tons) were the main suppliers of wood pulp imports to India, with a combined X% share of total imports. The United States, Sweden, Chile, New Zealand, Estonia, Russia, Finland and Malaysia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest wood pulp suppliers to India were South Africa ($X), Canada ($X) and the United States ($X), together accounting for X% of total imports. Indonesia, Sweden, Chile, New Zealand, Estonia, Russia, Finland and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, New Zealand, with a CAGR of X%, recorded 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

The average wood pulp import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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