Japan: Market for Wood Residues, Pellets And Other Agglomerates 2025

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

For the tenth consecutive year, the Japanese market for wood residues, pellets and other agglomerates recorded growth in sales value, which increased by 56% to $X in 2021. In general, consumption recorded a significant increase. Consumption of peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Wood Residues, Pellets And Other Agglomerates in Japan

In value terms, production of wood residues, pellets and other agglomerates totaled $X in 2021 estimated in export price. In general, production recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 52%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Japan

In 2021, shipments abroad of wood residues, pellets and other agglomerates decreased by -11.1% to X cubic meters, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wood residues, pellets and other agglomerates contracted rapidly to $X in 2021. In general, exports saw a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 71%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) and South Korea (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from Japan.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of -3.5%).

In value terms, China ($X) remains the key foreign market for wood residues, pellets and other agglomerates exports from Japan, comprising 67% of total exports. The second position in the ranking was taken by South Korea ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +2.1%.

Export Prices by Country

The average export price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, reducing by -14.5% against the previous year. Over the period under review, the export price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2019 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to South Korea 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 China (+5.8%).

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Japan

In 2021, approx. X cubic meters of wood residues, pellets and other agglomerates were imported into Japan; growing by 54% on 2020 figures. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 132%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 114% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Vietnam (X cubic meters), Canada (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to Japan, with a combined 92% share of total imports. Russia and Australia lagged somewhat behind, together accounting for a further 6.1%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +204.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Canada ($X) and Malaysia ($X) constituted the largest wood residues, pellets and other agglomerates suppliers to Japan, together comprising 91% of total imports. These countries were followed by Australia and Russia, which together accounted for a further 6%.

Australia, with a CAGR of +141.7%, saw the highest growth rate of the value of imports, among 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 2021, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, increasing by 5.9% against the previous year. Overall, the import price, however, showed a abrupt downturn. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Canada ($X per cubic meter) and Australia ($X per cubic meter), while the price for Malaysia ($X per cubic meter) and Russia ($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 Vietnam (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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