France: Densified Wood Market 2024

Densified Wood Market Size in France

In 2022, the French densified wood market increased by 1.9% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Densified Wood Production in France

In value terms, densified wood production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 3.8%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Densified Wood Exports

Exports from France

In 2022, shipments abroad of densified wood increased by 22% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 121%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, densified wood exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 192%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Spain (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of densified wood exports from France, with a combined 65% share of total exports. Switzerland, the Netherlands, Morocco, Tunisia and Italy lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +169.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest markets for densified wood exported from France worldwide, with a combined 60% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +160.3%, recorded the highest growth rate of 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 2022, the average densified wood export price amounted to $X per ton, with a decrease of -11.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+8.3%), while the prices for the other major destinations experienced a decline.

Densified Wood Imports

Imports into France

For the fifth consecutive year, France recorded growth in purchases abroad of densified wood, which increased by 3.4% to X tons in 2022. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 37%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, densified wood imports expanded sharply to $X in 2022. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of densified wood to France, accounting for a 34% share of total imports. Moreover, densified wood imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.8% per year) and Belgium (+21.6% per year).

In value terms, the largest densified wood suppliers to France were Germany ($X), Spain ($X) and China ($X), with a combined 54% share of total imports. Poland, Belgium, the Netherlands, Italy and Luxembourg lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Italy, with a CAGR of +34.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average densified wood import price stood at $X per ton in 2022, increasing by 2.9% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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