Brazil: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in Brazil

After two years of decline, the Brazilian bleached sulphate pulp market increased by 51% to $X in 2021. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Bleached sulphate pulp consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Bleached Sulphate Pulp Production in Brazil

In value terms, bleached sulphate pulp production rose significantly to $X in 2021 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.0% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Bleached Sulphate Pulp Exports

Exports from Brazil

In 2021, approx. X tons of bleached sulphate pulp were exported from Brazil; remaining relatively unchanged against 2020. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.4% against 2012 indices. The pace of growth was the most pronounced in 2014 with an increase of 13%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, bleached sulphate pulp exports totaled $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for bleached sulphate pulp exports from Brazil, accounting for a 42% share of total exports. Moreover, bleached sulphate pulp exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.4% per year) and the Netherlands (-1.7% per year).

In value terms, China ($X) remains the key foreign market for bleached sulphate pulp exports from Brazil, comprising 39% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.3% per year) and the Netherlands (-4.5% per year).

Export Prices by Country

The average bleached sulphate pulp export price stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Bleached Sulphate Pulp Imports

Imports into Brazil

In 2021, bleached sulphate pulp imports into Brazil declined to X tons, which is down by -11.4% on the previous year. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bleached sulphate pulp imports expanded remarkably to $X in 2021. Over the period under review, imports saw a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of bleached sulphate pulp imports to Brazil, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +10.1%), while purchases for the other leaders experienced a decline.

In value terms, Argentina ($X), the United States ($X) and Germany ($X) constituted the largest bleached sulphate pulp suppliers to Brazil, with a combined 98% share of total imports.

Among the main suppliers, Germany, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average bleached sulphate pulp import price amounted to $X per ton, jumping by 26% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bleached sulphate pulp import price decreased by -28.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and Finland ($X per ton), while the price for Chile ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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