Australia and Oceania: Wood Residues Market 2022

Wood Residues Market Size in Australia and Oceania

In 2020, the wood residues market in Australia and Oceania increased by X% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Wood Residues Production in Australia and Oceania

In value terms, wood residues production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Australia and Oceania

Australia (X cubic meters) remains the largest wood residues producing country in Australia and Oceania, comprising approx. X% of total volume.

In Australia, wood residues production remained relatively stable over the period from 2007-2020.

Wood Residues Exports

Exports in Australia and Oceania

In 2020, approx. X cubic meters of wood residues were exported in Australia and Oceania; with a decrease of -X% on 2019. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X cubic meters in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, wood residues exports surged to $X in 2020. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. The level of export peaked in 2020 and is likely to continue growth in the immediate term.

Exports by Country

In 2020, Australia (X cubic meters) was the largest exporter of wood residues, achieving X% of total exports. Papua New Guinea (X cubic meters) took an X% share (based on tons) of total exports, which put it in second place, followed by New Caledonia (X%).

From 2007 to 2020, average annual rates of growth with regard to wood residues exports from Australia stood at -X%. At the same time, New Caledonia (+X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +X% from 2007-2020. Papua New Guinea experienced a relatively flat trend pattern. While the share of Papua New Guinea (+X p.p.) and New Caledonia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Australia (-X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest wood residues supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of total exports.

In Australia, wood residues exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and New Caledonia (X% per year).

Export Prices by Country

In 2020, the wood residues export price in Australia and Oceania amounted to $X per cubic meter, rising by X% against the previous year. In general, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, export prices hit record highs in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Australia ($X per cubic meter), while New Caledonia ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the export price figures.

Wood Residues Imports

Imports in Australia and Oceania

In 2020, the amount of wood residues imported in Australia and Oceania reduced remarkably to X cubic meters, dropping by -X% compared with the previous year's figure. Overall, imports faced a deep setback. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, wood residues imports expanded modestly to $X in 2020. Total imports indicated pronounced growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Australia represented the main importer of wood residues in Australia and Oceania, with the volume of imports accounting for X cubic meters, which was approx. X% of total imports in 2020. It was distantly followed by Fiji (X cubic meters), Northern Mariana Islands (X cubic meters) and New Caledonia (X cubic meters), together constituting a X% share of total imports. Papua New Guinea (X cubic meters) occupied a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to wood residues imports into Australia stood at -X%. At the same time, Fiji (+X%) and New Caledonia (+X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. Northern Mariana Islands experienced a relatively flat trend pattern. By contrast, Papua New Guinea (-X%) illustrated a downward trend over the same period. While the share of Fiji (+X p.p.), Northern Mariana Islands (+X p.p.) and New Caledonia (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Papua New Guinea (-X p.p.) and Australia (-X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported wood residues in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by New Caledonia ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

In Australia, wood residues imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: New Caledonia (+X% per year) and Fiji (+X% per year).

Import Prices by Country

In 2020, the wood residues import price in Australia and Oceania amounted to $X per cubic meter, surging by X% against the previous year. Overall, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Australia ($X per cubic meter), while Northern Mariana Islands ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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