Ireland: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Ireland

The Irish market for wood chips, parts, residues, pellets and other agglomerates dropped markedly to $X in 2021, with a decrease of -54.1% against the previous year. Overall, consumption saw a abrupt slump. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Ireland

In value terms, production of wood chips, parts, residues, pellets and other agglomerates fell modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 256%. Production of peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Ireland

In 2021, exports of wood chips, parts, residues, pellets and other agglomerates from Ireland skyrocketed to X cubic meters, growing by 19% against 2020. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 125%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates surged to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 116%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The UK (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Ireland, accounting for a 81% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to the UK exceeded the volume sent to the second major destination, Belgium (X cubic meters), sixfold. The Netherlands (X cubic meters) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+495.2% per year) and the Netherlands (+137.1% per year).

In value terms, the UK ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Ireland, comprising 78% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.5% share of total exports. It was followed by the Netherlands, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+357.4% per year) and the Netherlands (+150.6% per year).

Export Prices by Country

In 2021, the average export price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, picking up by 10% against the previous year. Overall, the export price showed a strong expansion. The growth pace was the most rapid in 2014 an increase of 255% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per cubic meter), while the average price for exports to Belgium ($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 Norway (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Ireland

After two years of growth, overseas purchases of wood chips, parts, residues, pellets and other agglomerates decreased by -1% to X cubic meters in 2021. In general, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 152%. Imports peaked at X cubic meters in 2020, and then dropped modestly in the following year.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates totaled $X in 2021. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 83%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Russia (X cubic meters), the UK (X cubic meters) and Brazil (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Ireland, with a combined 81% share of total imports. These countries were followed by the Netherlands, South Africa, Denmark, Lithuania, Latvia and Italy, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +288.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the Netherlands ($X) and the UK ($X) appeared to be the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Ireland, with a combined 58% share of total imports. Brazil, South Africa, Denmark, Lithuania, Latvia and Italy lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Brazil, with a CAGR of +273.6%, recorded the highest growth rate of 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 chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, growing by 7.8% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wood chips, parts, residues, pellets and other agglomerates decreased by -24.3% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 61%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2015; however, from 2016 to 2021, import prices remained at a 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 Latvia ($X per cubic meter), while the price for Russia ($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 Australia (+60.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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