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Report Asia - Wood Residues, Pellets and Other Agglomerates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Asia - Wood Residues, Pellets and Other Agglomerates - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Market for Wood Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Residues, Pellets And Other Agglomerates in Asia

The Asian market for wood residues, pellets and other agglomerates skyrocketed to $X in 2021, increasing by 39% against the previous year. In general, consumption recorded a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Production of Wood Residues, Pellets And Other Agglomerates in Asia

In value terms, production of wood residues, pellets and other agglomerates fell slightly to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 87%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in Asia

In 2021, after five years of growth, there was significant decline in shipments abroad of wood residues, pellets and other agglomerates, when their volume decreased by -11.5% to X cubic meters. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 149% against the previous year. The volume of export peaked at X cubic meters in 2020, and then declined in the following year.

In value terms, exports of wood residues, pellets and other agglomerates expanded notably to $X in 2021. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 139% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam represented the major exporting country with an export of about X cubic meters, which resulted at 73% of total exports. Malaysia (X cubic meters) ranks second in terms of the total exports with a 15% share, followed by Indonesia (9.5%).

Vietnam was also the fastest-growing in terms of the wood residues, pellets and other agglomerates exports, with a CAGR of +38.5% from 2012 to 2021. At the same time, Indonesia (+24.5%) and Malaysia (+14.0%) displayed positive paces of growth. Vietnam (+39 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Malaysia saw its share reduced by -2% and -24.6% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) remains the largest wood residues, pellets and other agglomerates supplier in Asia, comprising 76% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +40.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+4.5% per year) and Indonesia (+19.6% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per cubic meter, picking up by 20% against the previous year. Overall, the export price, however, showed a pronounced decline. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while Indonesia ($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 Vietnam (+1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in Asia

Imports of wood residues, pellets and other agglomerates surged to X cubic meters in 2021, rising by 54% compared with the year before. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 161%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of wood residues, pellets and other agglomerates surged to $X in 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 172%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, South Korea (X cubic meters) and Japan (X cubic meters) represented the main importer of wood residues, pellets and other agglomerates in Asia, making up 97% of total import.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +49.6%).

In value terms, Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Japan, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2021, falling by -1.9% against the previous year. Overall, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 24% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per cubic meter), while South Korea amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-2.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption of wood residues, pellets and other agglomerates in 2020 were South Korea, Japan and Vietnam, with a combined 83% share of total consumption.
The country with the largest volume of production of wood residues, pellets and other agglomerates was Vietnam, comprising approx. 56% of total volume. Moreover, production of wood residues, pellets and other agglomerates in Vietnam exceeded the figures recorded by the second-largest producer, China, fourfold. Malaysia ranked third in terms of total production with a 12% share.
In value terms, Vietnam remains the largest wood residues, pellets and other agglomerates supplier in Asia, comprising 73% of total exports. The second position in the ranking was occupied by Malaysia, with a 15% share of total exports. It was followed by Indonesia, with a 6.3% share.
In value terms, the largest wood residues, pellets and other agglomerates importing markets in Asia were South Korea and Japan.
In 2020, the export price for wood residues, pellets and other agglomerates in Asia amounted to $0.2 per cubic meter, rising by 20% against the previous year.
The import price for wood residues, pellets and other agglomerates in Asia stood at $0.1 per cubic meter in 2020, declining by -18.2% against the previous year.

This report provides an in-depth analysis of the market for wood residues, pellets and other agglomerates in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1693 - Wood pellets
  • FCL 1694 - Other agglomerates
  • FCL 1620 - Wood residues

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia, split by region and country
  • Trade (exports and imports) in Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Armenia
    • Azerbaijan
    • Bahrain
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cyprus
    • Georgia
    • India
    • Indonesia
    • Iran
    • Iraq
    • Israel
    • Japan
    • Jordan
    • Kazakhstan
    • Kuwait
    • Kyrgyzstan
    • Lebanon
    • Malaysia
    • Maldives
    • Mongolia
    • Myanmar
    • Nepal
    • Oman
    • Pakistan
    • Palestine
    • Philippines
    • Qatar
    • Saudi Arabia
    • Singapore
    • South Korea
    • Sri Lanka
    • Syrian Arab Republic
    • Taiwan (Chinese)
    • Tajikistan
    • Thailand
    • Timor-Leste
    • Turkey
    • Turkmenistan
    • United Arab Emirates
    • Uzbekistan
    • Vietnam
    • Yemen
    • Lao People's Democratic Republic
    • Democratic People's Republic of Korea

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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