Asia-Pacific: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Asia-Pacific

The Asia-Pacific wood chips and particles market expanded to $X in 2022, growing by 3.4% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Asia-Pacific

In value terms, wood chips and particles production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 40%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Wood Chips And Particles

Exports in Asia-Pacific

In 2022, overseas shipments of wood chips and particles increased by 11% to X cubic meters, rising for the second consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, wood chips and particles exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Vietnam was the major exporter of wood chips and particles in Asia-Pacific, with the volume of exports accounting for X cubic meters, which was approx. 46% of total exports in 2022. Australia (X cubic meters) ranks second in terms of the total exports with a 24% share, followed by Thailand (16%) and Indonesia (9%). The following exporters - New Zealand (X cubic meters) and Malaysia (X cubic meters) - each amounted to a 4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Australia (with a CAGR of +10.1%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Australia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 89% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +7.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per cubic meter, with a decrease of -2.5% against the previous year. Overall, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 51% against the previous year. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while Indonesia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+10.4%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips And Particles

Imports in Asia-Pacific

In 2022, supplies from abroad of wood chips and particles increased by 13% to X cubic meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wood chips and particles imports surged to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X cubic meters) represented the major importer of wood chips and particles, constituting 57% of total imports. It was distantly followed by Japan (X cubic meters), constituting a 37% share of total imports. The following importers - South Korea (X cubic meters) and Taiwan (Chinese) (X cubic meters) - each finished at a 5.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together accounting for 98% of total imports.

In terms of the main importing countries, China, with a CAGR of +11.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per cubic meter, jumping by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per cubic meter), while Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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