Sulphite Wood Pulp Market Overview in Germany
Market Overview
In 2019, the German sulphite wood pulp market decreased by -
% to $ for the first time since 2015, thus ending a three-year rising trend. Overall, consumption, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2011 to 2019, the growth of the market failed to regain the momentum.
In value terms, sulphite wood pulp production contracted rapidly to $ in 2019 estimated in export prices. In general, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2011 to 2019, production growth remained at a somewhat lower figure.
% to $ for the first time since 2015, thus ending a three-year rising trend. Overall, consumption, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2011 to 2019, the growth of the market failed to regain the momentum.In value terms, sulphite wood pulp production contracted rapidly to $
in 2019 estimated in export prices. In general, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2011 to 2019, production growth remained at a somewhat lower figure.Consumption
In 2019, consumption of chemical wood pulp (sulphite, other than dissolving grades) increased by % to tonnes, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by % y-o-y. Sulphite wood pulp consumption peaked at tonnes in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
The size of the sulphite wood pulp market in Germany dropped remarkably to $ in 2019, which is down by -% 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, recorded a pronounced setback. The pace of growth appeared the most rapid in 2010 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2011 to 2019, the growth of the market remained at a somewhat lower figure.
% to tonnes, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by % y-o-y. Sulphite wood pulp consumption peaked at tonnes in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.The size of the sulphite wood pulp market in Germany dropped remarkably to $
in 2019, which is down by -% 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, recorded a pronounced setback. The pace of growth appeared the most rapid in 2010 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2011 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for sulphite wood pulp in Germany, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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