Malaysia: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Malaysia

The Malaysian wood chips and particles market surged to $X in 2022, rising by 57% against the previous year. Overall, consumption showed perceptible growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wood Chips And Particles in Malaysia

In value terms, wood chips and particles production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Wood chips and particles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Malaysia

In 2022, wood chips and particles exports from Malaysia dropped to X cubic meters, remaining constant against the previous year's figure. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 56%. Over the period under review, the exports attained the maximum at X cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports fell to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted modestly in the following year.

Exports by Country

China (X cubic meters), Japan (X cubic meters) and Indonesia (X cubic meters) were the main destinations of wood chips and particles exports from Malaysia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +43.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Japan ($X) and Indonesia ($X) were the largest markets for wood chips and particles exported from Malaysia worldwide, together comprising 98% of total exports.

China, with a CAGR of +20.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, flattening at the previous year. In general, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2019 an increase of 13% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2016; however, from 2017 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 China ($X per cubic meter), while the average price for exports to Thailand ($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 Japan (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Malaysia

In 2022, after two years of growth, there was decline in purchases abroad of wood chips and particles, when their volume decreased by -1.8% to X cubic meters. Overall, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 67% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports dropped slightly to $X in 2022. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X cubic meters) constituted the largest wood chips and particles supplier to Malaysia, with a 72% share of total imports. Moreover, wood chips and particles imports from Vietnam exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X cubic meters), more than tenfold. Germany (X cubic meters) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+43.5% per year) and Germany (-12.1% per year).

In value terms, Vietnam ($X) constituted the largest supplier of wood chips and particles to Malaysia, comprising 81% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.5% share of total imports. It was followed by Singapore, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.9% per year) and Singapore (-23.0% per year).

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, leveling off at the previous year. Over the period under review, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2017 an increase of 40%. Over the period under review, average import prices hit record highs 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 Vietnam ($X per cubic meter), while the price for the United Arab Emirates ($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 Vietnam (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :