Asia-Pacific: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Asia-Pacific

For the third consecutive year, the Asia-Pacific market for wood pellets and other agglomerates recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption continues to indicate buoyant growth. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Wood Pellets And Other Agglomerates in Asia-Pacific

In value terms, wood pellets and other agglomerates production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs 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 Asia-Pacific

Wood pellets and other agglomerates exports soared to X tons in 2022, growing by X% against the previous year's figure. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, wood pellets and other agglomerates exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Vietnam was the largest exporter of wood pellets and other agglomerates in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together constituting a X% share of total exports. 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 Asia-Pacific, 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 ($X) remains the largest wood pellets and other agglomerates supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at X%. 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 Asia-Pacific amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a slight decrease. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Asia-Pacific

For the seventh year in a row, Asia-Pacific recorded growth in supplies from abroad of wood pellets and other agglomerates, which increased by X% to X tons in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wood pellets and other agglomerates imports soared to $X in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The purchases of the two major importers of wood pellets and other agglomerates, namely Japan and South Korea, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Japan (with a CAGR of X%).

In value terms, Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Source: IndexBox Platform

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