Japan: Densified Wood Market 2025

Densified Wood Market Size in Japan

The Japanese densified wood market shrank to $X in 2022, dropping by -8.8% against the previous year. In general, consumption recorded a noticeable reduction. Densified wood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Densified Wood Production in Japan

In value terms, densified wood production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Densified Wood Exports

Exports from Japan

In 2022, overseas shipments of densified wood decreased by -53.7% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by 73% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, densified wood exports contracted remarkably to $X in 2022. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 273%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), China (X tons) and the United States (X tons) were the main destinations of densified wood exports from Japan, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +70.1%), while the other leaders experienced a decline.

In value terms, China ($X), Vietnam ($X) and the United States ($X) were the largest markets for densified wood exported from Japan worldwide, with a combined 96% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +48.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average densified wood export price stood at $X per ton in 2022, picking up by 52% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 129% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Densified Wood Imports

Imports into Japan

In 2022, approx. X tons of densified wood were imported into Japan; surging by 4.7% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 101%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, densified wood imports soared to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.0% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of densified wood imports to Japan, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +9.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest densified wood suppliers to Japan were Italy ($X), Germany ($X) and Poland ($X), together comprising 65% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average densified wood import price amounted to $X per ton, increasing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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