Denmark: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Denmark

For the third consecutive year, the Danish wood chips and particles market recorded growth in sales value, which increased by 54% to $X in 2022. Over the period under review, consumption continues to indicate a prominent increase. Wood chips and particles consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Wood Chips And Particles in Denmark

In value terms, wood chips and particles production expanded to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +63.4% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Wood chips and particles production peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Wood Chips And Particles

Exports from Denmark

In 2022, after two years of growth, there was significant decline in overseas shipments of wood chips and particles, when their volume decreased by -46.8% to X cubic meters. Overall, exports showed a slight descent. The most prominent rate of growth was recorded in 2013 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wood chips and particles exports reduced markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when exports increased by 35%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X cubic meters) was the main destination for wood chips and particles exports from Denmark, with a 89% share of total exports. Moreover, wood chips and particles exports to Norway exceeded the volume sent to the second major destination, Germany (X cubic meters), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.3% per year) and Sweden (-30.6% per year).

In value terms, Norway ($X) remains the key foreign market for wood chips and particles exports from Denmark, comprising 68% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.2% per year) and Sweden (-23.9% per year).

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, increasing by 6.6% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 8.2%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while the average price for exports to Norway ($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 Sweden (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Chips And Particles

Imports into Denmark

In 2022, wood chips and particles imports into Denmark skyrocketed to X cubic meters, increasing by 46% compared with 2021. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 117%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, wood chips and particles imports skyrocketed to $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 127% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Latvia (X cubic meters), Sweden (X cubic meters) and Germany (X cubic meters) were the main suppliers of wood chips and particles imports to Denmark, together accounting for 63% of total imports. Norway, Estonia, Brazil and Lithuania lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +167.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Sweden ($X) and Norway ($X) were the largest wood chips and particles suppliers to Denmark, with a combined 58% share of total imports. Germany, Brazil, Estonia and Lithuania lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Brazil, with a CAGR of +128.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, picking up by 1.9% against the previous year. In general, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 20%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while the price for Estonia ($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 Ghana (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :