Denmark: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Denmark

The Danish market for wood chips, parts, residues, pellets and other agglomerates was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Denmark

In value terms, production of wood chips, parts, residues, pellets and other agglomerates fell modestly to $X in 2021 estimated in export price. Overall, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 34% against the previous year. Production of peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Denmark

After five years of growth, shipments abroad of wood chips, parts, residues, pellets and other agglomerates decreased by -41.1% to X cubic meters in 2021. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2016 when exports increased by 83% against the previous year. Over the period under review, the exports of hit record highs at X cubic meters in 2020, and then dropped significantly in the following year.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates contracted significantly to $X in 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 118%. Over the period under review, the exports of hit record highs at $X in 2020, and then declined rapidly in the following year.

Exports by Country

Latvia (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Denmark, with a 38% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to Latvia exceeded the volume sent to the second major destination, Belgium (X cubic meters), twofold. The Netherlands (X cubic meters) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Latvia amounted to +137.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+111.4% per year) and the Netherlands (+75.0% per year).

In value terms, Latvia ($X) emerged as the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Denmark, comprising 43% of total exports. The second position in the ranking was held by Belgium ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Latvia amounted to +122.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+100.1% per year) and the Netherlands (+75.6% per year).

Export Prices by Country

In 2021, the average export price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, with an increase of 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while the average price for exports to Estonia ($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 Sweden (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Denmark

In 2021, overseas purchases of wood chips, parts, residues, pellets and other agglomerates were finally on the rise to reach X cubic meters after two years of decline. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 51%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Latvia (X cubic meters), Estonia (X cubic meters) and the United States (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Denmark, together accounting for 44% of total imports. Norway, Sweden, Germany, Russia, Brazil, Portugal, Lithuania and Poland lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +215.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and the United States ($X) were the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Denmark, with a combined 52% share of total imports. These countries were followed by Russia, Sweden, Germany, Portugal, Lithuania, Norway, Poland and Brazil, which together accounted for a further 42%.

In terms of the main suppliers, Brazil, with a CAGR of +144.9%, recorded the highest rates of growth with regard to 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 2021, the average import price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, stabilizing at the previous year. In general, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.8% against the previous year. The import price peaked at $X per cubic meter in 2014; however, from 2015 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 Lithuania ($X per cubic meter), while the price for Brazil ($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 Lithuania (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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