Ireland: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Ireland

The Irish wood chips and particles market rose markedly to $X in 2022, increasing by 14% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Ireland

In value terms, wood chips and particles production soared to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 5,022% against the previous year. Wood chips and particles production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Wood Chips And Particles

Exports from Ireland

In 2022, approx. X cubic meters of wood chips and particles were exported from Ireland; standing approx. at 2021. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 208% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports stood at $X in 2022. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 397% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X cubic meters) was the main destination for wood chips and particles exports from Ireland, accounting for a 99.9% share of total exports. It was followed by Norway (X cubic meters), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +3.2%.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +9.6%.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, almost unchanged from the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Norway amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+6.5%).

Imports of Wood Chips And Particles

Imports into Ireland

In 2022, approx. X cubic meters of wood chips and particles were imported into Ireland; growing by 177% on 2021. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 822% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports surged to $X in 2022. Overall, imports showed significant growth. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X cubic meters) constituted the largest wood chips and particles supplier to Ireland, with a 67% share of total imports. Moreover, wood chips and particles imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X cubic meters), twofold. Germany (X cubic meters) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+146.1% per year) and Germany (+86.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of wood chips and particles to Ireland, comprising 65% of total imports. The second position in the ranking was taken by the UK ($X), with a 26% share of total imports. It was followed by Germany, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +122.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+22.6% per year) and Germany (+64.4% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, increasing by 39% against the previous year. Over the period under review, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 222%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while the price for Cameroon ($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 Cameroon (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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