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

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

In 2021, the Colombian market for wood residues, pellets and other agglomerates increased by 4.8% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed significant growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Colombia

In value terms, production of wood residues, pellets and other agglomerates declined markedly to $X in 2021 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 625% against the previous year. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Colombia

In 2021, the amount of wood residues, pellets and other agglomerates exported from Colombia reduced to X cubic meters, declining by -14.3% against the previous year. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,605% against the previous year. As a result, the exports reached the peak of X cubic meters, and then declined in the following year.

In value terms, exports of wood residues, pellets and other agglomerates amounted to $X in 2021. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,713% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Egypt (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Colombia, accounting for a 62% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to Egypt exceeded the volume sent to the second major destination, Jordan (X cubic meters), threefold. The third position in this ranking was taken by Lebanon (X cubic meters), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt amounted to +278.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+47.0% per year) and Lebanon (-1.5% per year).

In value terms, Egypt ($X) emerged as the key foreign market for wood residues, pellets and other agglomerates exports from Colombia, comprising 42% of total exports. The second position in the ranking was taken by Jordan ($X), with a 14% share of total exports. It was followed by Lebanon, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt stood at +303.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+48.1% per year) and Lebanon (+5.5% 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, increasing by 32% against the previous year. In general, the export price posted strong growth. The growth pace was the most rapid in 2013 an increase of 324% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per cubic meter), while the average price for exports to Spain ($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 Spain (+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 Colombia

In 2021, supplies from abroad of wood residues, pellets and other agglomerates was finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 151% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wood residues, pellets and other agglomerates surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 126% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Germany (X cubic meters), the United States (X cubic meters) and Mexico (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to Colombia, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +64.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Mexico ($X) constituted the largest wood residues, pellets and other agglomerates suppliers to Colombia, with a combined 91% share of total imports. These countries were followed by Spain and China, which together accounted for a further 7.3%.

Spain, with a CAGR of +56.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, growing by 15% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 China ($X per cubic meter), while the price for Mexico ($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 China (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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