India: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in India

The Indian market for wood residues, pellets and other agglomerates rose to $X in 2021, with an increase of 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a perceptible increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from India

In 2021, exports of wood residues, pellets and other agglomerates from India skyrocketed to X cubic meters, jumping by 25% against 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 1,123% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of wood residues, pellets and other agglomerates surged to $X in 2021. In general, exports posted slight growth. The most prominent rate of growth was recorded in 2018 with an increase of 873%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Egypt (X cubic meters), Nepal (X cubic meters) and Oman (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from India, with a combined 74% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +184.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood residues, pellets and other agglomerates exported from India were Egypt ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 71% share of total exports.

Among the main countries of destination, Egypt, with a CAGR of +234.0%, saw 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 2021, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, surging by 335% against the previous year. Overall, the export price recorded a notable expansion. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Nepal (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into India

In 2021, the amount of wood residues, pellets and other agglomerates imported into India contracted slightly to X cubic meters, flattening at 2020 figures. In general, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2016 when imports increased by 677% against the previous year. As a result, imports reached the peak of X cubic meters. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. Overall, imports, however, saw a perceptible increase. The growth pace was the most rapid in 2016 with an increase of 217% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

China (X cubic meters), Vietnam (X cubic meters) and Indonesia (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to India, together accounting for 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +96.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues, pellets and other agglomerates suppliers to India were China ($X), Vietnam ($X) and Indonesia ($X), with a combined 66% share of total imports.

In terms of the main suppliers, China, with a CAGR of +85.9%, 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

In 2021, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, increasing by 16% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 96%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Japan ($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 Italy (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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