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

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

In 2021, the Indonesian market for wood residues, pellets and other agglomerates decreased by -9.1% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption posted a prominent increase. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Indonesia

In value terms, production of wood residues, pellets and other agglomerates reduced to $X in 2021 estimated in export price. Overall, production recorded significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 177% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Indonesia

In 2021, the amount of wood residues, pellets and other agglomerates exported from Indonesia rose rapidly to X cubic meters, growing by 13% on the previous year. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 180%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, exports of wood residues, pellets and other agglomerates stood at $X in 2021. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 165% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

South Korea (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Indonesia, accounting for a 87% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to South Korea exceeded the volume sent to the second major destination, Japan (X cubic meters), eightfold.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+60.2% per year) and China (-35.8% per year).

In value terms, South Korea ($X) remains the key foreign market for wood residues, pellets and other agglomerates exports from Indonesia, comprising 81% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+67.1% per year) and China (-26.0% per year).

Export Prices by Country

The average export price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, stabilizing at the previous year. In general, the export price, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 39% against the previous year. 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.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to South Korea ($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 China (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Indonesia

Imports of wood residues, pellets and other agglomerates into Indonesia skyrocketed to X cubic meters in 2021, picking up by 317% on the year before. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2014 when imports increased by 1,299% against the previous year. As a result, imports attained the peak of X cubic meters. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of wood residues, pellets and other agglomerates soared to $X in 2021. In general, imports showed strong growth. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X cubic meters), France (X cubic meters) and Germany (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to Indonesia, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +78.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and the United States ($X) were the largest wood residues, pellets and other agglomerates suppliers to Indonesia, with a combined 93% share of total imports. These countries were followed by Germany, which accounted for a further 4.9%.

Germany, with a CAGR of +83.5%, 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

The average import price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, surging by 53% against the previous year. Over the period under review, the import price saw a strong expansion. The growth pace was the most rapid in 2018 when the average import price increased by 111%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Germany ($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 France (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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