Italy: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

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

In 2021, the Italian market for wood chips, parts, residues, pellets and other agglomerates decreased by -2.7% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.8% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates expanded remarkably to $X in 2021 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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

Exports from Italy

In 2021, approx. X cubic meters of wood chips, parts, residues, pellets and other agglomerates were exported from Italy; increasing by 54% against the year before. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 143% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see steady 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 significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 91% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Austria (X cubic meters), France (X cubic meters) and Germany (X cubic meters) were the main destinations of exports of wood chips, parts, residues, pellets and other agglomerates from Italy, together comprising 60% of total exports. These countries were followed by the Czech Republic, Slovenia, Bulgaria, Hungary, the UK, Croatia, Romania, Switzerland and Denmark, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +96.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood chips, parts, residues, pellets and other agglomerates exported from Italy were France ($X), Germany ($X) and Austria ($X), together comprising 49% of total exports. These countries were followed by the Czech Republic, Bulgaria, Hungary, Slovenia, the UK, Denmark, Romania, Switzerland and Croatia, which together accounted for a further 31%.

Among the main countries of destination, the Czech Republic, with a CAGR of +75.8%, recorded 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 export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Italy

In 2021, overseas purchases of wood chips, parts, residues, pellets and other agglomerates decreased by -8.2% to X cubic meters, falling for the second year in a row after three years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 30%. Over the period under review, imports of attained the peak figure at X cubic meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates reduced to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Austria (X cubic meters) constituted the largest wood chips, parts, residues, pellets and other agglomerates supplier to Italy, with a 32% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Austria exceeded the figures recorded by the second-largest supplier, Slovenia (X cubic meters), threefold. Germany (X cubic meters) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-2.3% per year) and Germany (+4.3% per year).

In value terms, Austria ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Italy, comprising 28% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Slovenia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and Slovenia (+2.5% per year).

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, with an increase of 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2013 an increase of 17%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Slovenia ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :