Asia-Pacific: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Asia-Pacific

The Asia-Pacific market for wood chips, parts, residues, pellets and other agglomerates surged to $X in 2021, picking up by 18% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Asia-Pacific

In value terms, production of wood chips, parts, residues, pellets and other agglomerates declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 59%. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports in Asia-Pacific

In 2021, the amount of wood chips, parts, residues, pellets and other agglomerates exported in Asia-Pacific stood at X cubic meters, standing approx. at the previous year's figure. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.0% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. Over the period under review, the exports of attained the maximum at X cubic meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates expanded modestly to $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.0% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 35%. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in agglomerates structure, finishing at X cubic meters, which was approx. 73% of total exports in 2021. It was distantly followed by Thailand (X cubic meters), Indonesia (X cubic meters) and Malaysia (X cubic meters), together generating a 21% share of total exports. Australia (X cubic meters) held a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the wood chips, parts, residues, pellets and other agglomerates exports, with a CAGR of +11.7% from 2012 to 2021. At the same time, Malaysia (+10.3%) and Indonesia (+2.7%) displayed positive paces of growth. By contrast, Thailand (-5.3%) and Australia (-18.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Malaysia increased by +40 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in Asia-Pacific, comprising 70% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Thailand, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam amounted to +11.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+14.9% per year) and Thailand (-3.9% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per cubic meter, increasing by 2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2016 when the export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports in Asia-Pacific

In 2021, supplies from abroad of wood chips, parts, residues, pellets and other agglomerates was finally on the rise to reach X cubic meters after two years of decline. The total import volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X cubic meters) and Japan (X cubic meters) represented roughly 84% of total imports in 2021. It was distantly followed by South Korea (X cubic meters), constituting a 12% share of total imports. Taiwan (Chinese) (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates importing markets in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), with a combined 97% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +17.2%, 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

The import price in Asia-Pacific stood at $X per cubic meter in 2021, flattening at the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2018 an increase of 7.7%. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per cubic meter), while Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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