China: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in China

The Chinese wood chips and particles market stood at $X in 2022, increasing by 6.1% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.8% against 2020 indices. Wood chips and particles consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Wood Chips And Particles in China

In value terms, wood chips and particles production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 40% against the previous year. Wood chips and particles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from China

Wood chips and particles exports from China was estimated at X cubic meters in 2022, with an increase of 5.1% compared with the previous year's figure. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,367% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood chips and particles exports soared to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 834%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X cubic meters) was the main destination for wood chips and particles exports from China, with a 65% share of total exports. Moreover, wood chips and particles exports to Japan exceeded the volume sent to the second major destination, Vietnam (X cubic meters), more than tenfold. The United States (X cubic meters) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+171.4% per year) and the United States (+61.1% per year).

In value terms, Greece ($X), Japan ($X) and Vietnam ($X) were the largest markets for wood chips and particles exported from China worldwide, with a combined 67% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +243.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, growing by 78% against the previous year. In general, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 242%. The export price peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per cubic meter), while the average price for exports to Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips And Particles

Imports into China

In 2022, the amount of wood chips and particles imported into China surged to X cubic meters, jumping by 19% on 2021. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

Imports by Country

In 2022, Vietnam (X cubic meters) constituted the largest supplier of wood chips and particles to China, accounting for a 55% share of total imports. Moreover, wood chips and particles imports from Vietnam exceeded the figures recorded by the second-largest supplier, Australia (X cubic meters), threefold. Thailand (X cubic meters) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+14.2% per year) and Thailand (-2.1% per year).

In value terms, Vietnam ($X) constituted the largest supplier of wood chips and particles to China, comprising 53% of total imports. The second position in the ranking was taken by Australia ($X), with a 22% share of total imports. It was followed by Thailand, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+18.0% per year) and Thailand (-1.2% per year).

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per cubic meter), while the price for Russia ($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 Brazil (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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