ASEAN: Market for Wood Pellets And Other Agglomerates 2025

Market Size for Wood Pellets And Other Agglomerates in ASEAN

The ASEAN market for wood pellets and other agglomerates dropped notably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, posted prominent growth. Over the period under review, the market attained the peak level at $X in 2021, and then plummeted in the following year.

Production of Wood Pellets And Other Agglomerates in ASEAN

In value terms, wood pellets and other agglomerates production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pellets And Other Agglomerates

Exports in ASEAN

In 2022, the amount of wood pellets and other agglomerates exported in ASEAN soared to X tons, rising by X% on the previous year's figure. In general, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, wood pellets and other agglomerates exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Vietnam (X tons) was the main exporter of wood pellets and other agglomerates, constituting X% of total exports. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood pellets and other agglomerates exports from Vietnam stood at X%. At the same time, Thailand (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood pellets and other agglomerates supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Vietnam, wood pellets and other agglomerates exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, stabilizing at the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Thailand ($X per ton), while Indonesia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Pellets And Other Agglomerates

Imports in ASEAN

In 2022, the amount of wood pellets and other agglomerates imported in ASEAN declined markedly to X tons, reducing by X% against the previous year. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wood pellets and other agglomerates imports fell rapidly to $X in 2022. Over the period under review, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand was the main importer of wood pellets and other agglomerates in ASEAN, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Singapore (X tons), Malaysia (X tons) and Vietnam (X tons), together committing a X% share of total imports. The following importers - the Philippines (X tons) and Cambodia (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood pellets and other agglomerates imports into Thailand stood at X%. At the same time, Vietnam (X%), Cambodia (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Malaysia (X p.p.), Vietnam (X p.p.), the Philippines (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Vietnam, the Philippines and Cambodia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood pellets and other agglomerates import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform