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

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

The Chilean market for wood residues, pellets and other agglomerates totaled $X in 2021, rising by 5.3% against the previous year. Overall, consumption continues to indicate a significant expansion. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Production of Wood Residues, Pellets And Other Agglomerates in Chile

In value terms, production of wood residues, pellets and other agglomerates dropped notably to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 506% against the previous year. As a result, production attained the peak level of $X, and then plummeted in the following year.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Chile

In 2021, approx. X cubic meters of wood residues, pellets and other agglomerates were exported from Chile; jumping by 223% against the year before. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 506%. Over the period under review, the exports of reached the peak figure at X cubic meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wood residues, pellets and other agglomerates surged to $X in 2021. In general, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Chile, accounting for a 62% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to Belgium exceeded the volume sent to the second major destination, France (X cubic meters), twofold. The third position in this ranking was held by the United States (X cubic meters), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+155.1% per year) and the United States (-3.7% per year).

In value terms, Belgium ($X) emerged as the key foreign market for wood residues, pellets and other agglomerates exports from Chile, comprising 63% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+89.5% per year) and the United States (-17.4% per year).

Export Prices by Country

In 2021, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, declining by -10.7% against the previous year. In general, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2020 an increase of 59%. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to Peru ($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 South Korea (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Chile

In 2021, imports of wood residues, pellets and other agglomerates into Chile soared to X cubic meters, growing by 32% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 212%. Over the period under review, imports of attained the maximum at X cubic meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of wood residues, pellets and other agglomerates contracted to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 40%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X cubic meters), Brazil (X cubic meters) and France (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to Chile, with a combined 73% share of total imports. These countries were followed by the United States, Germany and Ukraine, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +77.2%), while purchases for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Chile, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.6% per year) and Germany (+11.9% per year).

Import Prices by Country

In 2021, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, with a decrease of -34.5% against the previous year. Over the period under review, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 159%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Argentina ($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 Costa Rica (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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