Japan: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Japan

The Japanese wood chips and particles market rose rapidly to $X in 2022, surging by 11% against the previous year. Over the period under review, consumption, however, showed a mild contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Japan

In value terms, wood chips and particles production amounted to $X in 2022 estimated in export price. In general, production, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 72%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wood Chips And Particles

Exports from Japan

In 2022, approx. X cubic meters of wood chips and particles were exported from Japan; which is down by -25.2% on the previous year. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 171%. The exports peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wood chips and particles exports reduced remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 133%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X cubic meters) was the main destination for wood chips and particles exports from Japan, accounting for a 83% share of total exports. Moreover, wood chips and particles exports to Thailand exceeded the volume sent to the second major destination, South Korea (X cubic meters), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-20.9% per year) and China (-28.0% per year).

In value terms, Thailand ($X) remains the key foreign market for wood chips and particles exports from Japan, comprising 89% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-18.2% per year) and China (-26.0% per year).

Export Prices by Country

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, with a decrease of -2% against the previous year. Overall, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 151% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per cubic meter), while the average price for exports to China ($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 South Korea (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Chips And Particles

Imports into Japan

In 2022, overseas purchases of wood chips and particles increased by 4.4% to X cubic meters, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Imports peaked at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wood chips and particles imports expanded notably to $X in 2022. Over the period under review, imports, however, showed a mild decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X cubic meters), Australia (X cubic meters) and the United States (X cubic meters) were the main suppliers of wood chips and particles imports to Japan, together comprising 66% of total imports. South Africa, Chile, Thailand, Indonesia and Brazil lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +30.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips and particles suppliers to Japan were Vietnam ($X), Australia ($X) and South Africa ($X), together accounting for 65% of total imports. The United States, Chile, Thailand, Indonesia and Brazil lagged somewhat behind, together accounting for a further 29%.

Indonesia, with a CAGR of +30.3%, 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 2022, the average wood chips and particles import price amounted to $X per cubic meter, with an increase of 9.9% against the previous year. Overall, the import price, however, saw a slight curtailment. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2012; however, from 2013 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 Chile ($X per cubic meter), while the price for the United States ($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 Thailand (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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