Oliver Lansdell from Hawkins Wright, delivered his speech of The Outlook for Market Pulp

Mr. Oliver Lansdell's report is divided into four parts:

Firstly, global production of paper and paperboard, with a significant portion being printing and writing paper, accounting for a decreasing share of total production, from 33% in 2013 to 22% in 2022. After the pandemic, earlier pent-up demand may be released.

Secondly, global demand for pulp. Demand for commodity pulp is relatively elastic, with paper production declining in integrated regions (mature markets) but increasing in non-integrated regions (emerging markets).

Thirdly, shipping volume and forecasts for commodity pulp. As a country with a scarcity of pulp, China has been the major driver of increasing demand for commodity pulp, with most of the demand growth coming from the tissue industry. It is expected that by 2027, the shipping volume of commodity pulp for tissue will increase by 4.5 million tons.

Finally, supply of wood and wood chips. China is highly dependent on imported wood chips, with over 95% used for pulp production. The global shipping volume of wood chip pellets is expected to increase by 15 million BDMT between 2022 and 2026.