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

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

In 2021, the Danish market for wood residues, pellets and other agglomerates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. 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 Residues, Pellets And Other Agglomerates in Denmark

In value terms, production of wood residues, pellets and other agglomerates contracted to $X in 2021 estimated in export price. In general, production recorded a prominent expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 52% against the previous year. Production of peaked at $X in 2020, and then dropped in the following year.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Denmark

In 2021, shipments abroad of wood residues, pellets and other agglomerates decreased by -53.2% to X cubic meters, falling for the second year in a row after four years of growth. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2016 with an increase of 127% against the previous year. The exports peaked at X cubic meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of wood residues, pellets and other agglomerates dropped rapidly to $X in 2021. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 132% against the previous year. Over the period under review, the exports of hit record highs at $X in 2020, and then declined significantly in the following year.

Exports by Country

Belgium (X cubic meters), Latvia (X cubic meters) and the Netherlands (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from Denmark, together accounting for 67% of total exports. Italy, Germany, Sweden, Estonia and the UK lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +231.8%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) emerged as the key foreign market for wood residues, pellets and other agglomerates exports from Denmark, comprising 44% of total exports. The second position in the ranking was held by Belgium ($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 stood at +123.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+108.9% per year) and the Netherlands (+111.4% per year).

Export Prices by Country

In 2021, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, increasing by 31% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for wood residues, pellets and other agglomerates increased by +103.2% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per cubic meter), while the average price for exports to Estonia ($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 Latvia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Denmark

In 2021, overseas purchases of wood residues, pellets and other agglomerates were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.3% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 50% 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 remained at a lower figure.

In value terms, imports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.2% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 49%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

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 residues, pellets and other agglomerates to Denmark, together accounting for 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and the United States ($X) appeared to be the largest wood residues, pellets and other agglomerates suppliers to Denmark, with a combined 57% share of total imports.

The United States, with a CAGR of +28.4%, saw 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, standing approx. at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per cubic meter) and Lithuania ($X per cubic meter), while the price for the United States ($X per cubic meter) and Portugal ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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