Under the title “Estimating supply and demand elasticities of dissolving pulp, lignocellulose-based chemical derivatives and textile fibres in an emerging forest-based bioeconomy”, this peer-reviewed study investigates the market behavior of emerging forest products that are not yet covered by forest products market analysis.
The paper shows how lignocellulose-based products respond to changes of main economic drivers and compute global market elasticities for dissolving pulp, cellulose-based chemical derivatives and textile fibres. The results from these econometric estimations are import demand and export supply elasticities of dissolving pulp, cellulose chemical derivatives and cellulose textile fibres.
We further highlight that the estimated price and income elasticities of import demand can be statistically interpreted as substitute for demand elasticities of apparent domestic consumption. The results can be used to enhance economic simulation models for wood product market analysis.