Ecuador: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

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

In 2021, the Ecuadorian market for wood chips, parts, residues, pellets and other agglomerates decreased by -29.4% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption continues to indicate a pronounced downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates declined slightly to $X in 2021 estimated in export price. In general, production recorded a perceptible downturn. The pace of growth appeared the most rapid in 2019 with an increase of 9.1% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports from Ecuador

In 2021, overseas shipments of wood chips, parts, residues, pellets and other agglomerates decreased by -7.3% to X cubic meters, falling for the second year in a row after two years of growth. Overall, exports showed a mild decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 192%. The exports peaked at X cubic meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates contracted to $X in 2021. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 192% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Ecuador, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled -1.2%.

In value terms, Japan ($X) also remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at -3.9%.

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, rising by 5.4% against the previous year. In general, the export price, however, saw a perceptible decline. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to -2.7% per year.

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

Imports into Ecuador

Imports of wood chips, parts, residues, pellets and other agglomerates into Ecuador expanded significantly to X cubic meters in 2021, surging by 14% compared with the year before. In general, imports posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 455% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates reduced to $X in 2021. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 656%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X cubic meters), the United States (X cubic meters) and Germany (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Ecuador, together accounting for 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +75.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Ecuador, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 27% share of total imports. It was followed by Russia, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+68.7% per year) and Russia (0.0% per year).

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, declining by -15.6% against the previous year. In general, the import price, however, saw modest growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per cubic meter), while the price for Malaysia ($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 Chile (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :