China: Market for Wood Residues, Pellets And Other Agglomerates 2025

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

The Chinese market for wood residues, pellets and other agglomerates shrank to $X in 2021, reducing by -6.4% against the previous year. Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Production of Wood Residues, Pellets And Other Agglomerates in China

In value terms, production of wood residues, pellets and other agglomerates contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 268%. Production of peaked at $X in 2020, and then shrank in the following year.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from China

In 2021, overseas shipments of wood residues, pellets and other agglomerates decreased by -7.7% to X cubic meters, falling for the second year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 612%. As a result, the exports reached the peak of X cubic meters. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 476% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X cubic meters), Malaysia (X cubic meters) and Vietnam (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from China, with a combined 56% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +93.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for wood residues, pellets and other agglomerates exports from China, comprising 28% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.5% per year) and Malaysia (+31.6% per year).

Export Prices by Country

The average export price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, growing by 69% against the previous year. Overall, the export price showed a buoyant increase. The growth pace was the most rapid in 2017 an increase of 83% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Vietnam ($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 Hong Kong SAR (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into China

In 2021, approx. X cubic meters of wood residues, pellets and other agglomerates were imported into China; with a decrease of -52.5% against the previous year. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 341%. Over the period under review, imports of hit record highs 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 fell to $X in 2021. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 251% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X cubic meters) constituted the largest wood residues, pellets and other agglomerates supplier to China, with a 52% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from Russia exceeded the figures recorded by the second-largest supplier, Australia (X cubic meters), sixfold. New Zealand (X cubic meters) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +81.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+15.7% per year) and New Zealand (+22.8% per year).

In value terms, Australia ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to China, comprising 40% of total imports. The second position in the ranking was taken by Russia ($X), with a 13% share of total imports. It was followed by France, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+111.9% per year) and France (-11.8% 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, increasing by 81% against the previous year. Over the period under review, the import price showed a moderate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per cubic meter), while the price for Russia ($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 Hong Kong SAR (+51.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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