Luxembourg: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Luxembourg

The Luxembourg wood chips and particles market reduced to $X in 2022, shrinking by -8.1% against the previous year. Over the period under review, consumption recorded a deep reduction. Wood chips and particles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Luxembourg

In value terms, wood chips and particles production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Wood chips and particles production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Wood Chips And Particles

Exports from Luxembourg

In 2022, shipments abroad of wood chips and particles increased by 22% to X cubic meters, rising for the third consecutive year after five years of decline. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 194% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, wood chips and particles exports surged to $X in 2022. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of 145%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium (X cubic meters) was the main destination for wood chips and particles exports from Luxembourg, accounting for a 92% share of total exports. Moreover, wood chips and particles exports to Belgium exceeded the volume sent to the second major destination, Germany (X cubic meters), more than tenfold. The third position in this ranking was held by France (X cubic meters), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+37.1% per year) and France (+0.1% per year).

In value terms, Belgium ($X) remains the key foreign market for wood chips and particles exports from Luxembourg, comprising 87% of total exports. The second position in the ranking was taken by France ($X), with a 6.2% share of total exports. It was followed by Germany, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.5% per year) and Germany (+25.5% per year).

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, rising by 23% against the previous year. In general, the export price, however, showed a abrupt downturn. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Belgium ($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 the Netherlands (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Luxembourg

In 2022, purchases abroad of wood chips and particles increased by 55% to X cubic meters, rising for the second year in a row after five years of decline. Overall, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 416% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wood chips and particles imports surged to $X in 2022. In general, imports enjoyed a slight increase. The pace of growth appeared the most rapid in 2015 when imports increased by 288%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest supplier of wood chips and particles to Luxembourg, accounting for a 69% share of total imports. Moreover, wood chips and particles imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), threefold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-18.0% per year) and France (+3.3% per year).

In value terms, Germany ($X) constituted the largest supplier of wood chips and particles to Luxembourg, comprising 61% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.0% per year) and France (+21.0% per year).

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, picking up by 40% against the previous year. Overall, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 60%. The import price peaked in 2022 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 Germany ($X per cubic meter), while the price for Belgium ($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 Germany (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform