Global Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size

In 2021, the global bleached sulphate pulp market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market failed to regain momentum.

Bleached Sulphate Pulp Production

In value terms, bleached sulphate pulp production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, global production growth remained at a lower figure.

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Bleached Sulphate Pulp Exports

Exports

In 2021, after nine years of growth, there was decline in shipments abroad of bleached sulphate pulp, when their volume decreased by -1.5% to X tons. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 9%. Over the period under review, the global exports reached the peak figure at X tons in 2020, and then reduced modestly in the following year.

In value terms, bleached sulphate pulp exports surged to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the global exports remained at a lower figure.

Exports by Country

In 2021, Brazil (X tons) was the main exporter of bleached sulphate pulp, generating 28% of total exports. The United States (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Canada (9.7%), Indonesia (8.8%), Uruguay (6.9%), Finland (6.5%), Chile (6.1%) and Sweden (5.7%).

From 2012 to 2021, average annual rates of growth with regard to bleached sulphate pulp exports from Brazil stood at +7.0%. At the same time, Uruguay (+18.2%), Finland (+6.6%), Indonesia (+3.3%) and Sweden (+2.6%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.2% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, Chile (-1.3%) and Canada (-2.1%) illustrated a downward trend over the same period. While the share of Brazil (+8.7 p.p.), Uruguay (+5 p.p.) and Finland (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Chile (-2.6 p.p.), the United States (-3.6 p.p.) and Canada (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bleached sulphate pulp supplying countries worldwide were Brazil ($X), the United States ($X) and Canada ($X), together comprising 44% of global exports. These countries were followed by Finland, Indonesia, Uruguay, Sweden and Chile, which together accounted for a further 36%.

Uruguay, with a CAGR of +18.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average bleached sulphate pulp export price stood at $X per ton in 2021, growing by 26% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.6%), while the other global leaders experienced more modest paces of growth.

Bleached Sulphate Pulp Imports

Imports

In 2021, purchases abroad of bleached sulphate pulp decreased by -1.8% to X tons for the first time since 2011, thus ending a nine-year rising trend. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 6.9% against the previous year. Global imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, bleached sulphate pulp imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the key importer of bleached sulphate pulp, mixing up 38% of total imports. The United States (X tons) took a 9.1% share (based on physical terms) of total imports, which put it in second place, followed by Germany (6.5%), the Netherlands (5.9%) and Italy (5.6%). South Korea (X tons), France (X tons), Turkey (X tons), Japan (X tons), Poland (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bleached sulphate pulp imports into China stood at +5.8%. At the same time, the Netherlands (+10.1%), Turkey (+7.0%), Poland (+6.4%), the United States (+2.2%) and Spain (+2.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +10.1% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Germany (-1.2%), Japan (-1.5%), South Korea (-1.6%) and France (-1.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the Netherlands increased by +8.2 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported bleached sulphate pulp worldwide, comprising 38% of global imports. The second position in the ranking was taken by the United States ($X), with a 9% share of global imports. It was followed by Germany, with a 6.7% share.

In China, bleached sulphate pulp imports expanded at an average annual rate of +6.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+2.8% per year) and Germany (-0.9% per year).

Import Prices by Country

The average bleached sulphate pulp import price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Global import price peaked 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 Japan ($X per ton) and Turkey ($X per ton), while the Netherlands ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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