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

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

After three years of growth, the East European market for wood chips, parts, residues, pellets and other agglomerates decreased by -1.6% to $X in 2021. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.1% against 2017 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates totaled $X in 2021 estimated in export price. Overall, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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

Exports in Eastern Europe

In 2021, shipments abroad of wood chips, parts, residues, pellets and other agglomerates decreased by -1.1% to X cubic meters, falling for the second consecutive year after eight years of growth. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.7% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates expanded remarkably to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.8% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 28% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Russia (X cubic meters) and Latvia (X cubic meters) represented the key exporters of wood chips, parts, residues, pellets and other agglomerates in Eastern Europe, together finishing at approx. 51% of total exports. Belarus (X cubic meters) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Estonia (12%) and the Czech Republic (5.3%). The following exporters - Ukraine (X cubic meters) and Poland (X cubic meters) - each accounted for an 8.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +16.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates supplying countries in Eastern Europe were Latvia ($X), Russia ($X) and Estonia ($X), with a combined 61% share of total exports. These countries were followed by Poland, Belarus, the Czech Republic and Ukraine, which together accounted for a further 24%.

In terms of the main exporting countries, Poland, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per cubic meter, rising by 8.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 Poland ($X per cubic meter), while Belarus ($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 Latvia (+4.7%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Europe

In 2021, approx. X cubic meters of wood chips, parts, residues, pellets and other agglomerates were imported in Eastern Europe; with an increase of 15% compared with the previous year's figure. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates rose remarkably to $X in 2021. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 57% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Latvia (X cubic meters) and Poland (X cubic meters) were the major importers of wood chips, parts, residues, pellets and other agglomerates in Eastern Europe, together achieving 54% of total imports. Lithuania (X cubic meters) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (9.8%) and Romania (7.3%). Slovakia (X cubic meters) and Hungary (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 key importing countries, was attained by Romania (with a CAGR of +66.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and Lithuania ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 63% share of total imports. These countries were followed by Romania, the Czech Republic, Slovakia and Hungary, which together accounted for a further 25%.

Romania, with a CAGR of +44.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per thousand cubic meters, leveling off at the previous year. Overall, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2018 when the import price increased by 14%. The level of import peaked at $X per thousand cubic meters in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per thousand cubic meters), while the Czech Republic ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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