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Report Eastern Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Eastern Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Wood Pellets Market 2024

Wood Pellets Market Size in Eastern Asia

For the third year in a row, the East Asian wood pellets market recorded growth in sales value, which increased by 45% to $X in 2022. In general, consumption recorded significant growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Wood Pellets Production in Eastern Asia

In value terms, wood pellets production rose significantly to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 76% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wood Pellets Exports

Exports in Eastern Asia

In 2022, shipments abroad of wood pellets increased by 85% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,709% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, wood pellets exports soared to $X in 2022. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 1,586%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China represented the key exporter of wood pellets in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 77% of total exports in 2022. Japan (X tons) ranks second in terms of the total exports with a 17% share, followed by Hong Kong SAR (6%).

From 2012 to 2022, average annual rates of growth with regard to wood pellets exports from China stood at +14.1%. At the same time, Hong Kong SAR (+37.0%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +37.0% from 2012-2022. By contrast, Japan (-4.4%) illustrated a downward trend over the same period. While the share of China (+34 p.p.) and Hong Kong SAR (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-38.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest wood pellets supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was held by Japan ($X), with a 3.8% share of total exports.

In China, wood pellets exports increased at an average annual rate of +20.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-8.7% per year) and Hong Kong SAR (+29.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 18% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 55% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other leaders experienced a decline in the export price figures.

Wood Pellets Imports

Imports in Eastern Asia

Wood pellets imports skyrocketed to X tons in 2022, jumping by 29% compared with the previous year. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 241% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, wood pellets imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 254% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Japan (X tons) and South Korea (X tons) represented the main importer of wood pellets in Eastern Asia, generating 100% of total import.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +50.7%).

In value terms, Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Japan, with a CAGR of +47.0%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by 26% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 27%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of wood pellets consumption in 2020 were South Korea, Japan and China, with a combined 100% share of total consumption.
The country with the largest volume of wood pellets production was China, accounting for 70% of total volume. Moreover, wood pellets production in China exceeded the figures recorded by the second-largest producer, South Korea, fourfold.
In value terms, China remains the largest wood pellets supplier in Eastern Asia, comprising 55% of total exports. The second position in the ranking was occupied by South Korea, with a 25% share of total exports. It was followed by Japan, with a 17% share.
In value terms, Japan and South Korea constituted the countries with the highest levels of imports in 2020.
The wood pellets export price in Eastern Asia stood at $192 per ton in 2020, jumping by 15% against the previous year.
The wood pellets import price in Eastern Asia stood at $155 per ton in 2020, dropping by -4.2% against the previous year.

This report provides an in-depth analysis of the wood pellets market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1693 - Wood pellets

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Eastern Asia, split by region and country
  • Trade (exports and imports) in Eastern Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • China
    • Hong Kong SAR
    • Macao SAR
    • Japan
    • South Korea
    • Taiwan (Chinese)
    • Democratic People's Republic of Korea

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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