Canada: Market for Wood Residues, Pellets And Other Agglomerates 2024

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

In 2021, after two years of growth, there was significant decline in the Canadian market for wood residues, pellets and other agglomerates, when its value decreased by -33.1% to $X. Overall, consumption, however, recorded a measured expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Wood Residues, Pellets And Other Agglomerates in Canada

In value terms, production of wood residues, pellets and other agglomerates dropped to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +104.2% against 2012 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 26% against the previous year. Production of peaked at $X in 2020, and then dropped in the following year.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Canada

In 2021, exports of wood residues, pellets and other agglomerates from Canada rose sharply to X cubic meters, picking up by 8.7% against the previous year. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +109.8% against 2012 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 40%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of wood residues, pellets and other agglomerates expanded significantly to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.8% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 31%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The UK (X cubic meters), Japan (X cubic meters) and the United States (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from Canada, together accounting for 82% of total exports. South Korea, the Netherlands, Denmark, France and Italy lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +150.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Japan ($X) appeared to be the largest markets for wood residues, pellets and other agglomerates exported from Canada worldwide, with a combined 82% share of total exports. These countries were followed by South Korea, the Netherlands, Denmark, France and Italy, which together accounted for a further 17%.

France, with a CAGR of +105.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, reducing by -1.6% against the previous year. In general, the export price recorded a mild decline. The pace of growth appeared the most rapid in 2017 an increase of 7.8% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Canada

Imports of wood residues, pellets and other agglomerates into Canada shrank notably to X cubic meters in 2021, with a decrease of -19% compared with the previous year's figure. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 32% against the previous year. Imports peaked at X cubic meters in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period 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 2014 when imports increased by 18% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, the United States (X cubic meters) was the main wood residues, pellets and other agglomerates supplier to Canada, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -7.8%.

In value terms, the United States ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Canada.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +1.7%.

Import Prices by Country

In 2021, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, increasing by 44% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 78%. The import price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +10.4% per year.

Source: IndexBox Platform

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