Finland: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in Finland

For the fourth year in a row, the Finnish market for wood chips, particles and residues recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Wood Chips, Particles And Residues in Finland

In value terms, wood chips, particles and residues production fell markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Wood chips, particles and residues production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Wood Chips, Particles And Residues

Exports from Finland

In 2021, after two years of growth, there was significant decline in overseas shipments of wood chips, particles and residues, when their volume decreased by -X% to X tons. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood chips, particles and residues exports dropped dramatically to $X in 2021. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for wood chips, particles and residues exports from Finland, accounting for a X% share of total exports. Moreover, wood chips, particles and residues exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), fivefold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Sweden stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Germany (-X% per year).

In value terms, Sweden ($X) remains the key foreign market for wood chips, particles and residues exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Iceland, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Sweden stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Iceland (+X% per year).

Export Prices by Country

In 2020, the average export price for wood chips, particles and residues amounted to $X per ton, flattening at the previous year. In general, export price indicated modest growth from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood chips, particles and residues export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Particles And Residues

Imports into Finland

In 2021, after five years of growth, there was decline in supplies from abroad of wood chips, particles and residues, when their volume decreased by -X% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, wood chips, particles and residues imports amounted to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2020, Russia (X tons) was the main supplier of wood chips, particles and residues to Finland, with a X% share of total imports. Moreover, wood chips, particles and residues imports from Russia exceeded the figures recorded by the second-largest supplier, Latvia (X tons), ninefold.

From 2012 to 2020, the average annual growth rate of volume from Russia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-X% per year) and Estonia (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of wood chips, particles and residues to Finland, comprising X% of total imports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from Russia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and Latvia (-X% per year).

Import Prices by Country

In 2020, the average import price for wood chips, particles and residues amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Estonia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Latvia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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