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

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

The Japanese market for wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021, picking up by 20% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed prominent growth. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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

Exports from Japan

In 2021, overseas shipments of wood chips, parts, residues, pellets and other agglomerates decreased by -26% to X cubic meters, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2019 when exports increased by 65% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates dropped dramatically to $X in 2021. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2019 when exports increased by 67% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Japan, accounting for a 74% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to China exceeded the volume sent to the second major destination, South Korea (X cubic meters), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +6.4%.

In value terms, China ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Japan, comprising 56% of total exports. The second position in the ranking was taken by South Korea ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +1.5%.

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, shrinking by -3.1% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 55% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to China amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.4%).

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

Imports into Japan

Imports of wood chips, parts, residues, pellets and other agglomerates into Japan skyrocketed to X cubic meters in 2021, with an increase of 22% on 2020 figures. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X cubic meters) constituted the largest wood chips, parts, residues, pellets and other agglomerates supplier to Japan, accounting for a 41% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Vietnam exceeded the figures recorded by the second-largest supplier, Australia (X cubic meters), threefold. Chile (X cubic meters) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-4.1% per year) and Chile (-9.5% per year).

In value terms, Vietnam ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Japan, comprising 36% of total imports. The second position in the ranking was held by Australia ($X), with a 17% share of total imports. It was followed by Chile, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-6.1% per year) and Chile (-10.8% 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, reducing by -1.7% against the previous year. In general, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 5.8% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Chile ($X per cubic meter) and Australia ($X per cubic meter), while the price for Vietnam ($X per cubic meter) and Thailand ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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