Scandinavia: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Scandinavia

The Scandinavia bleached sulphate pulp market skyrocketed to $X in 2021, growing by 35% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Bleached Sulphate Pulp Production in Scandinavia

In value terms, bleached sulphate pulp production soared to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.4% against 2019 indices. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bleached Sulphate Pulp Exports

Exports in Scandinavia

In 2021, overseas shipments of bleached sulphate pulp decreased by -2.8% to X tons for the first time since 2014, thus ending a six-year rising trend. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 13%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, bleached sulphate pulp exports surged to $X in 2021. Total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 40%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Finland (X tons) and Sweden (X tons) represented the main exporter of bleached sulphate pulp in Scandinavia, constituting 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +6.6%).

In value terms, the largest bleached sulphate pulp supplying countries in Scandinavia were Finland ($X) and Sweden ($X).

Finland, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, growing by 34% against the previous year. In general, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.8%).

Bleached Sulphate Pulp Imports

Imports in Scandinavia

In 2021, supplies from abroad of bleached sulphate pulp decreased by -10.3% to X tons, falling for the fourth consecutive year after four years of growth. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 4.3%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, bleached sulphate pulp imports reached $X in 2021. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2018 when imports increased by 17% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Sweden represented the key importer of bleached sulphate pulp in Scandinavia, with the volume of imports reaching X tons, which was approx. 62% of total imports in 2021. It was distantly followed by Finland (X tons), Norway (X tons) and Denmark (X tons), together making up a 38% share of total imports.

Imports into Sweden decreased at an average annual rate of -3.0% from 2012 to 2021. At the same time, Norway (+9.6%) and Denmark (+6.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +9.6% from 2012-2021. By contrast, Finland (-14.4%) illustrated a downward trend over the same period. While the share of Sweden (+14 p.p.), Norway (+8.9 p.p.) and Denmark (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-26.9 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported bleached sulphate pulp in Scandinavia, comprising 58% of total imports. The second position in the ranking was taken by Finland ($X), with a 20% share of total imports. It was followed by Norway, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled -3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-14.5% per year) and Norway (+10.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached 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 Denmark ($X per ton) and Norway ($X per ton), while Sweden ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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