India: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in India

The Indian wood chips and particles market skyrocketed to $X in 2022, with an increase of 42% against the previous year. Over the period under review, consumption, however, faced a abrupt shrinkage. Wood chips and particles consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in India

In value terms, wood chips and particles production surged to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 4,378,884,600% against the previous year. Wood chips and particles production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Wood Chips And Particles

Exports from India

In 2022, overseas shipments of wood chips and particles increased by 524% to X cubic meters, rising for the third year in a row after three years of decline. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood chips and particles exports soared to $X in 2022. In general, exports showed mild growth. The growth pace was the most rapid in 2016 with an increase of 444%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nepal (X cubic meters) was the main destination for wood chips and particles exports from India, with a 85% share of total exports. Moreover, wood chips and particles exports to Nepal exceeded the volume sent to the second major destination, Saudi Arabia (X cubic meters), more than tenfold. The third position in this ranking was held by the United States (X cubic meters), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal stood at +87.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-3.8% per year) and the United States (+30.7% per year).

In value terms, Nepal ($X) emerged as the key foreign market for wood chips and particles exports from India, comprising 88% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.3% share of total exports. It was followed by Bhutan, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Nepal totaled +85.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-15.6% per year) and Bhutan (-14.1% per year).

Export Prices by Country

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, reducing by -33.6% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 322%. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to the United States ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into India

In 2022, supplies from abroad of wood chips and particles decreased by -81.3% to X cubic meters, falling for the seventh year in a row after four years of growth. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 79,508% against the previous year. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wood chips and particles imports totaled $X in 2022. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 85,673% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X cubic meters), France (X cubic meters) and Oman (X cubic meters) were the main suppliers of wood chips and particles imports to India, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +36.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips and particles suppliers to India were France ($X), Germany ($X) and the United States ($X), together accounting for 94% of total imports. Oman, Italy, Brazil, China and the United Arab Emirates lagged somewhat behind, together comprising a further 5.6%.

Italy, with a CAGR of +75.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, rising by 463% against the previous year. Over the period under review, the import price enjoyed prominent growth. 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 2022, amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for the United Arab Emirates ($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 Italy (+46.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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