Brazil's pulp exports hit a record in 2025, with 22.25 million tons and revenues of US$ 10.25 billion. However, expert Andreas Mirow warns of a potential structural imbalance between supply and demand in coming years.
The forest products sector has gained prominence in Brazil's agribusiness exports. In 2025, it generated US$ 16.5 billion in foreign revenues, accounting for 9.8% of the total US$ 169.3 billion from agribusiness, according to Secex data.
Pulp stands out with steady growth. In the 2000s, Brazil exported 3 million tons, yielding US$ 1.4 billion. By 2025, the volume reached 22.25 million tons, a record that brought in US$ 10.25 billion. Every five years, the country adds about 5 million tons to the external market: 12 million in 2015, 16.2 million in 2020, and 22.25 million in 2025.
As the world's top producer, Brazil's main buyers in 2025 were China with 10.6 million tons, followed by the United States (2.97 million) and Italy (1.81 million). Chinese demand grew from 98,000 tons in the 2000s to 3.9 million in 2015 and 10.6 million in 2025.
Andreas Mirow, co-founder of Mirow & Co. and former expert at Aracruz Celulose and McKinsey & Company, warns that international changes could lead to a supply-demand imbalance, impacting prices and exports. 'The sector may face a structural imbalance between supply and demand, with direct effects on prices and exports,' Mirow states. His analysis takes into account global factors not yet widely on the local market's radar.
