Asia: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in Asia

For the sixth year in a row, the Asian market for wood chips, particles and residues recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, consumption posted a buoyant increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Wood Chips, Particles And Residues in Asia

In value terms, wood chips, particles and residues production plummeted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced notably in the following year.

Production By Country in Asia

The countries with the highest volumes of in 2021 were China (X tons), Vietnam (X tons) and Japan (X tons), with a combined X% share of total production.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while production for the other leaders experienced a decline in the production figures.

Exports of Wood Chips, Particles And Residues

Exports in Asia

In 2021, exports of wood chips, particles and residues in Asia expanded slightly to X tons, increasing by X% compared with the previous year's figure. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood chips, particles and residues exports expanded to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam prevails in exports structure, amounting to X tons, which was near X% of total exports in 2021. It was distantly followed by Thailand (X tons), creating a X% share of total exports. Malaysia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the wood chips, particles and residues exports, with a CAGR of +X% from 2012 to 2021. At the same time, Malaysia (+X%) displayed positive paces of growth. By contrast, Thailand (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood chips, particles and residues supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Vietnam, wood chips, particles and residues exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-X% per year) and Malaysia (-X% per year).

Export Prices by Country

The and residues in Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a mild contraction. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Thailand ($X per ton) and Indonesia ($X per ton), while Vietnam ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Chips, Particles And Residues

Imports in Asia

In 2021, supplies from abroad of wood chips, particles and residues was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood chips, particles and residues imports rose modestly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X tons) and Japan (X tons) prevails in imports structure, together constituting X% of total imports. Taiwan (Chinese) (X tons), South Korea (X tons) and Lao People's Democratic Republic (X tons) occupied a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Lao People's Democratic Republic (with a CAGR of +X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest wood chips, particles and residues importing markets in Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. These countries were followed by South Korea and Lao People's Democratic Republic, which together accounted for a further X terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of +X%, 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 and residues in Asia stood at $X per ton in 2021, with a decrease of -X% against the previous year. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton 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, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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