Chile: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Chile

In 2022, the Chilean wood chips and particles market increased by 119% to $X, rising for the second year in a row after five years of decline. In general, consumption saw strong growth. Wood chips and particles consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Wood Chips And Particles in Chile

In value terms, wood chips and particles production reduced slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.5%. Wood chips and particles production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Wood Chips And Particles

Exports from Chile

In 2022, shipments abroad of wood chips and particles decreased by -25.1% to X cubic meters, falling for the fourth year in a row after three years of growth. Over the period under review, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2016 when exports increased by 36% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wood chips and particles exports shrank notably to $X in 2022. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 26%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X cubic meters) and China (X cubic meters) were the main destinations of wood chips and particles exports from Chile.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +143.8%).

In value terms, Japan ($X) and China ($X) were the largest markets for wood chips and particles exported from Chile worldwide.

In terms of the main countries of destination, China, with a CAGR of +135.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, stabilizing at the previous year. Over the period under review, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2019 an increase of 13% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to China stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-2.1%).

Imports of Wood Chips And Particles

Imports into Chile

In 2022, after three years of growth, there was significant decline in purchases abroad of wood chips and particles, when their volume decreased by -36.7% to X cubic meters. Over the period under review, imports, however, recorded a measured expansion. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of X cubic meters, and then fell markedly in the following year.

In value terms, wood chips and particles imports reduced to $X in 2022. In general, imports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

France (X cubic meters), the United States (X cubic meters) and Spain (X cubic meters) were the main suppliers of wood chips and particles imports to Chile, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of wood chips and particles to Chile, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.9% per year) and Spain (-1.3% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, rising by 40% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood chips and particles import price increased by +43.0% against 2020 indices. The import price peaked at $X per cubic meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Germany ($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 Germany (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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