Overview of the Global Market for Wood Chips And Particles

Market Size for Wood Chips And Particles

The global wood chips and particles market totaled $X in 2022, surging by 1.7% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by 9.5%. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Wood Chips And Particles

In value terms, wood chips and particles production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports

In 2022, shipments abroad of wood chips and particles increased by 12% to X cubic meters, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wood chips and particles exports rose notably to $X in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Vietnam (X cubic meters), distantly followed by Australia (X cubic meters), the United States (X cubic meters), Russia (X cubic meters), Thailand (X cubic meters), Latvia (X cubic meters) and Belarus (X cubic meters) represented the largest exporters of wood chips and particles, together making up 63% of total exports. The following exporters - Chile (X cubic meters), Germany (X cubic meters), Indonesia (X cubic meters), South Africa (X cubic meters), Brazil (X cubic meters) and Slovenia (X cubic meters) - together made up 20% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +18.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest wood chips and particles supplying countries worldwide were Vietnam ($X), Australia ($X) and Thailand ($X), together accounting for 55% of global exports. The United States, South Africa, Chile, Brazil, Indonesia, Latvia, Russia, Germany, Belarus and Slovenia lagged somewhat behind, together comprising a further 30%.

In terms of the main exporting countries, Slovenia, with a CAGR of +14.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, standing approx. at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 17% against the previous year. The global export price peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while Belarus ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+4.5%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Wood Chips And Particles

Imports

In 2022, purchases abroad of wood chips and particles increased by 3.3% to X cubic meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 9.6% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of global imports failed to regain momentum.

In value terms, wood chips and particles imports soared to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X cubic meters), distantly followed by Japan (X cubic meters) represented the main importers of wood chips and particles, together committing 59% of total imports. Poland (X cubic meters), Denmark (X cubic meters), Sweden (X cubic meters), Canada (X cubic meters), Portugal (X cubic meters), Austria (X cubic meters), Finland (X cubic meters), Belgium (X cubic meters), South Korea (X cubic meters), Taiwan (Chinese) (X cubic meters) and France (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +28.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Portugal ($X) were the countries with the highest levels of imports in 2022, with a combined 83% share of global imports. Denmark, Finland, South Korea, Sweden, Taiwan (Chinese), Austria, France, Canada, Poland and Belgium lagged somewhat behind, together accounting for a further 11%.

Among the main importing countries, Belgium, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, with an increase of 26% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. 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 importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while Poland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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