Chile: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Chile

In 2021, after two years of growth, there was significant decline in the Chilean market for wood chips, parts, residues, pellets and other agglomerates, when its value decreased by -29.6% to $X. In general, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020, and then shrank markedly in the following year.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Chile

In value terms, production of wood chips, parts, residues, pellets and other agglomerates dropped to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 102%. Over the period under review, production of attained the peak level at $X in 2020, and then declined in the following year.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Chile

In 2021, shipments abroad of wood chips, parts, residues, pellets and other agglomerates decreased by -33.1% to X cubic meters, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2016 when exports increased by 34% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates fell sharply to $X in 2021. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 26%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X cubic meters) and China (X cubic meters) were the main destinations of exports of wood chips, parts, residues, pellets and other agglomerates from Chile.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +176.4%).

In value terms, Japan ($X) and China ($X) were the largest markets for wood chips, parts, residues, pellets and other agglomerates exported from Chile worldwide.

China, with a CAGR of +169.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per thousand cubic meters in 2021, growing by 16% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per thousand cubic meters in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per thousand cubic meters), while the average price for exports to China stood at $X per thousand cubic meters.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.5%).

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Chile

In 2021, overseas purchases of wood chips, parts, residues, pellets and other agglomerates were finally on the rise to reach X cubic meters after two years of decline. Over the period under review, imports showed noticeable growth. The pace of growth appeared the most rapid in 2017 when imports increased by 75% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates surged to $X in 2021. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X cubic meters), the United States (X cubic meters) and Bolivia (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Chile, with a combined 60% share of total imports. Argentina, Germany, China and Spain lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +40.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Chile, comprising 58% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports. It was followed by Spain, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and Spain (-3.6% per year).

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, declining by -4.1% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wood chips, parts, residues, pellets and other agglomerates increased by +29.8% against 2018 indices. The growth pace was the most rapid in 2015 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Bolivia ($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 Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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