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

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

The East Asian market for wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021, jumping by 21% against the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates shrank to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 165% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

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

Exports in Eastern Asia

In 2021, shipments abroad of wood chips, parts, residues, pellets and other agglomerates decreased by -13.9% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a perceptible slump. The pace of growth was the most pronounced in 2014 with an increase of 448%. As a result, the exports reached the peak of X cubic meters. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 357%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

In 2021, China (X cubic meters) represented the largest exporter of wood chips, parts, residues, pellets and other agglomerates, creating 77% of total exports. It was distantly followed by Japan (X cubic meters), generating a 20% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of wood chips, parts, residues, pellets and other agglomerates. Japan (-3.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Japan increased by +23 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Japan ($X), with a 4.6% share of total exports.

In China, exports of wood chips, parts, residues, pellets and other agglomerates increased at an average annual rate of +11.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per cubic meter, growing by 56% against the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 61% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while Japan stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.6%).

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

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas purchases of wood chips, parts, residues, pellets and other agglomerates, when their volume increased by 21% to X cubic meters. The total import volume increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates surged to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X cubic meters) and Japan (X cubic meters) represented the largest importers of wood chips, parts, residues, pellets and other agglomerates in Eastern Asia, together comprising 85% of total imports. It was distantly followed by South Korea (X cubic meters), achieving a 13% share of total imports. Taiwan (Chinese) (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per cubic meter in 2021, growing by 1.7% against the previous year. Overall, the import price, however, showed a mild decline. The pace of growth was the most pronounced in 2018 when the import price increased by 7.5%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 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 Japan ($X per cubic meter), while Taiwan (Chinese) ($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 South Korea (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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