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

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

The CIS market for wood residues, pellets and other agglomerates expanded notably to $X in 2021, with an increase of 13% against the previous year. Over the period under review, consumption recorded a significant increase. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Wood Residues, Pellets And Other Agglomerates in CIS

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 saw a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 40% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in CIS

In 2021, after nine years of growth, there was significant decline in shipments abroad of wood residues, pellets and other agglomerates, when their volume decreased by -7.6% to X cubic meters. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. The volume of export peaked at X cubic meters in 2020, and then fell in the following year.

In value terms, exports of wood residues, pellets and other agglomerates stood at $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 39%. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Russia represented the main exporting country with an export of about X cubic meters, which accounted for 68% of total exports. It was distantly followed by Belarus (X cubic meters), constituting a 32% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood residues, pellets and other agglomerates exports from Russia stood at +8.4%. At the same time, Belarus (+18.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +18.7% from 2012-2021. Belarus (+15 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -14.7% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest wood residues, pellets and other agglomerates supplier in the CIS, comprising 81% of total exports. The second position in the ranking was held by Belarus ($X), with a 19% share of total exports.

In Russia, exports of wood residues, pellets and other agglomerates increased at an average annual rate of +12.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per cubic meter, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. The level of export peaked at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per cubic meter), while Belarus totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.4%).

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in CIS

Imports of wood residues, pellets and other agglomerates skyrocketed to X cubic meters in 2021, increasing by 63% against 2020. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of 99%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, imports of wood residues, pellets and other agglomerates surged to $X in 2021. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by 59%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Belarus was the major importing country with an import of about X cubic meters, which accounted for 48% of total imports. Moldova (X cubic meters) took the second position in the ranking, followed by Kazakhstan (X cubic meters), Uzbekistan (X cubic meters) and Russia (X cubic meters). All these countries together held near 49% share of total imports. Armenia (X cubic meters) followed a long way behind the leaders.

Imports into Belarus increased at an average annual rate of +26.1% from 2012 to 2021. At the same time, Uzbekistan (+228.0%), Armenia (+67.8%), Moldova (+33.0%) and Kazakhstan (+18.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +228.0% from 2012-2021. By contrast, Russia (-1.2%) illustrated a downward trend over the same period. While the share of Belarus (+15 p.p.), Moldova (+11 p.p.), Uzbekistan (+6.4 p.p.) and Armenia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-3.1 p.p.) and Russia (-32.1 p.p.) displayed negative dynamics.

In value terms, the largest wood residues, pellets and other agglomerates importing markets in the CIS were Belarus ($X), Moldova ($X) and Kazakhstan ($X), together comprising 73% of total imports. Russia, Armenia and Uzbekistan lagged somewhat behind, together comprising a further 25%.

Uzbekistan, with a CAGR of +58.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per cubic meter in 2021, falling by -26.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when the import price increased by 32%. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Armenia ($X per cubic meter), while Uzbekistan ($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 Belarus (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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