Eastern Asia: Market for Wood Residues, Pellets And Other Agglomerates 2025

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

The East Asian market for wood residues, pellets and other agglomerates skyrocketed to $X in 2021, rising by 33% against the previous year. Overall, consumption showed significant growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

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

In value terms, production of wood residues, pellets and other agglomerates reduced to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 166%. Over the period under review, production of hit record highs at $X in 2020, and then fell in the following year.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in Eastern Asia

In 2021, overseas shipments of wood residues, pellets and other agglomerates decreased by -2.8% to X cubic meters, falling for the second year in a row after two years of growth. Over the period under review, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2014 when exports increased by 465%. As a result, the exports reached the peak of X cubic meters. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wood residues, pellets and other agglomerates soared to $X in 2021. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 402%. 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

China represented the main exporting country with an export of around X cubic meters, which finished at 81% of total exports. Japan (X cubic meters) ranks second in terms of the total exports with an 11% share, followed by South Korea (6.5%).

China experienced a relatively flat trend pattern with regard to volume of exports of wood residues, pellets and other agglomerates. At the same time, South Korea (+26.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +26.5% from 2012-2021. By contrast, Japan (-7.4%) illustrated a downward trend over the same period. China (+24 p.p.) and South Korea (+6 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -3.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest wood residues, pellets and other agglomerates supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by Japan ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +10.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-6.0% per year) and South Korea (+7.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per cubic meter, rising by 55% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 71%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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 ($X per cubic meter), while South Korea ($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 China (+11.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in Eastern Asia

In 2021, the amount of wood residues, pellets and other agglomerates imported in Eastern Asia surged to X cubic meters, rising by 54% on 2020. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 168% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, imports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 188%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of imports of wood residues, pellets and other agglomerates in 2021 were South Korea (X cubic meters) and Japan (X cubic meters), together amounting to 100% of total import.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +49.6%).

In value terms, the largest wood residues, pellets and other agglomerates importing markets in Eastern Asia were Japan ($X) and South Korea ($X).

Japan, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per cubic meter, shrinking by -1.7% against the previous year. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per cubic meter), while South Korea totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-2.5%).

Source: IndexBox Platform

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