Overview of the Market for Soda And Sulphate Chemical Wood Pulp in Estonia
Market Overview
In 2019, the Estonian market for chemical wood pulp (soda and sulphate, other than dissolving grades) decreased by -
% to $ for the first time since 2016, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.
In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) contracted sharply to $ in 2019 estimated in export prices. In general, production showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Production peaked at $ in 2008; however, from 2009 to 2019, production remained at a lower figure.
% to $ for the first time since 2016, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) contracted sharply to $
in 2019 estimated in export prices. In general, production showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Production peaked at $ in 2008; however, from 2009 to 2019, production remained at a lower figure.Consumption
Consumption of chemical wood pulp (soda and sulphate, other than dissolving grades) in Estonia contracted to tonnes in 2019, which is down by -% compared with 2018 figures. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption reached the peak volume of tonnes. From 2009 to 2019, the growth of the consumption remained at a lower figure.
The size of the market for chemical wood pulp (soda and sulphate, other than dissolving grades) in Estonia shrank to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.
tonnes in 2019, which is down by -% compared with 2018 figures. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, consumption reached the peak volume of tonnes. From 2009 to 2019, the growth of the consumption remained at a lower figure.The size of the market for chemical wood pulp (soda and sulphate, other than dissolving grades) in Estonia shrank to $
in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
The market for soda and sulphate chemical wood pulp is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eleven-year period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the eleven-year period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Estonia increased significantly over the last twelve years (from % to %). Total import supply of soda and sulphate chemical wood pulp is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of soda and sulphate chemical wood pulp is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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