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

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

After four years of decline, the Irish market for wood residues, pellets and other agglomerates increased by 86% to $X in 2021. In general, consumption enjoyed a strong increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Wood Residues, Pellets And Other Agglomerates in Ireland

In value terms, production of wood residues, pellets and other agglomerates reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production of attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Ireland

In 2021, shipments abroad of wood residues, pellets and other agglomerates decreased by -23.6% to X cubic meters, falling for the second consecutive year after five years of growth. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 145% against the previous year. Over the period under review, the exports of reached the maximum at X cubic meters in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of wood residues, pellets and other agglomerates soared to $X in 2021. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 171% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The UK (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Ireland, with a 89% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to the UK exceeded the volume sent to the second major destination, Belgium (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+193.5% per year) and the Netherlands (+80.0% per year).

In value terms, the UK ($X) remains the key foreign market for wood residues, pellets and other agglomerates exports from Ireland, comprising 77% of total exports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +76.3%. 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 residues, pellets and other agglomerates amounted to $X per cubic meter, rising by 72% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2014 an increase of 323% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to the UK ($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 Belgium (+55.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Ireland

Imports of wood residues, pellets and other agglomerates into Ireland soared to X cubic meters in 2021, increasing by 21% compared with 2020. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by 125% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of wood residues, pellets and other agglomerates soared to $X in 2021. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 97%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X cubic meters) constituted the largest supplier of wood residues, pellets and other agglomerates to Ireland, accounting for a 52% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from Russia exceeded the figures recorded by the second-largest supplier, the UK (X cubic meters), twofold. The third position in this ranking was taken by Denmark (X cubic meters), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +196.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.1% per year) and Denmark (+10.9% per year).

In value terms, Russia ($X), the Netherlands ($X) and Poland ($X) constituted the largest wood residues, pellets and other agglomerates suppliers to Ireland, with a combined 67% share of total imports.

Poland, with a CAGR of +736.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, with an increase of 5.4% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wood residues, pellets and other agglomerates increased by +12.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 70% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2021, 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 ($X per cubic meter), while the price for the UK ($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 Portugal (+47.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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