Italy: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Italy

In 2022, the Italian wood chips and particles market increased by 2% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.0% against 2020 indices. Wood chips and particles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Wood Chips And Particles in Italy

In value terms, wood chips and particles production surged to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Wood Chips And Particles

Exports from Italy

In 2022, exports of wood chips and particles from Italy soared to X cubic meters, picking up by 60% compared with the year before. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 2,588% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood chips and particles exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 658%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Austria (X cubic meters), France (X cubic meters) and Germany (X cubic meters) were the main destinations of wood chips and particles exports from Italy, together accounting for 67% of total exports. Hungary, Slovenia, the Czech Republic, Denmark and Saudi Arabia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +93.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Austria ($X) constituted the largest markets for wood chips and particles exported from Italy worldwide, with a combined 63% share of total exports. Hungary, the Czech Republic, Denmark, Slovenia and Saudi Arabia lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Hungary, with a CAGR of +90.0%, saw the highest rates of growth with regard to 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

The average wood chips and particles export price stood at $X per cubic meter in 2022, rising by 6.1% against the previous year. Over the period under review, the export price saw a perceptible increase. The most prominent rate of growth was recorded in 2016 an increase of 110%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to Austria ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips And Particles

Imports into Italy

In 2022, approx. X cubic meters of wood chips and particles were imported into Italy; which is down by -19.7% against the previous year. Over the period under review, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports hit record highs at X cubic meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, wood chips and particles imports soared to $X in 2022. Overall, imports saw a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Austria (X cubic meters) constituted the largest wood chips and particles supplier to Italy, with a 72% share of total imports. Moreover, wood chips and particles imports from Austria exceeded the figures recorded by the second-largest supplier, Slovenia (X cubic meters), threefold. The third position in this ranking was taken by Croatia (X cubic meters), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-1.2% per year) and Croatia (+1.8% per year).

In value terms, Austria ($X) constituted the largest supplier of wood chips and particles to Italy, comprising 46% of total imports. The second position in the ranking was held by Slovenia ($X), with a 19% share of total imports. It was followed by Bulgaria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+0.7% per year) and Bulgaria (+97.1% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, jumping by 47% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The import price peaked at $X per cubic meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per cubic meter), while the price for Austria ($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 Spain (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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