Benelux: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Benelux

The Benelux wood chips and particles market expanded markedly to $X in 2022, growing by 5.9% against the previous year. Over the period under review, consumption, however, saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Benelux

In value terms, wood chips and particles production reduced to $X in 2022 estimated in export price. In general, production, however, saw a mild curtailment. The pace of growth was the most pronounced in 2019 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Wood Chips And Particles

Exports in Benelux

In 2022, wood chips and particles exports in Benelux soared to X cubic meters, with an increase of 15% against 2021 figures. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 65% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, wood chips and particles exports skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belgium (X cubic meters) represented the key exporter of wood chips and particles, generating 67% of total exports. The Netherlands (X cubic meters) ranks second in terms of the total exports with an 18% share, followed by Luxembourg (16%).

From 2012 to 2022, average annual rates of growth with regard to wood chips and particles exports from Belgium stood at +14.7%. At the same time, Luxembourg (+16.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +16.6% from 2012-2022. By contrast, the Netherlands (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium and Luxembourg increased by +41 and +10 percentage points, respectively.

In value terms, the largest wood chips and particles supplying countries in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Belgium, with a CAGR of +16.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Benelux stood at $X per cubic meter in 2022, jumping by 30% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 56%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per cubic meter), while Luxembourg ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Chips And Particles

Imports in Benelux

In 2022, supplies from abroad of wood chips and particles increased by 40% to X cubic meters, rising for the fourth consecutive year after two years of decline. Over the period under review, imports continue to indicate notable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, wood chips and particles imports skyrocketed to $X in 2022. In general, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium was the key importing country with an import of around X cubic meters, which recorded 81% of total imports. The Netherlands (X cubic meters) ranks second in terms of the total imports with a 13% share, followed by Luxembourg (6%).

Belgium was also the fastest-growing in terms of the wood chips and particles imports, with a CAGR of +24.6% from 2012 to 2022. The Netherlands (-6.9%) and Luxembourg (-14.1%) illustrated a downward trend over the same period. While the share of Belgium (+67 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-28.9 p.p.) and Luxembourg (-37.9 p.p.) displayed negative dynamics.

In value terms, the largest wood chips and particles importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Among the main importing countries, Belgium, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per cubic meter in 2022, picking up by 29% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2013 an increase of 46%. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+18.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform