The global pulp market is reaching the zenith of a period of tremendous capacity building this year. Including Arauco’s MAPA project, which commenced operations in the very final days of last year, approximately 5.5 million tpy of market pulp capacity will enter the market in 2023. And yet it is not just hardwood pulp capacity that is growing; a significant amount of softwood pulp capacity will be added in a matter of a few months through the installation of a new NBSK pulp line in Finland. Unfortunately, some of these projects were running well behind schedule, meaning that new capacity is entering the market in a much closer period than was originally envisaged....
Growth cycle in market pulp capacity to reach its peak in 2023
Supply growth coincides with declining demand and economic slowdown
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