Myanmar: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

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

In 2021, the Myanmar's market for wood chips, parts, residues, pellets and other agglomerates decreased by -36.1% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates reduced modestly to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.2% against 2012 indices. The growth pace was the most rapid in 2013 when the production volume increased by 14% against the previous year. Production of peaked at $X in 2020, and then shrank slightly in the following year.

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

Exports from Myanmar

In 2021, shipments abroad of wood chips, parts, residues, pellets and other agglomerates increased by 27% to X cubic meters, rising for the fifth year in a row after three years of decline. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.9% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 52%. As a result, the exports attained the peak of X cubic meters. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 132% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Thailand (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Myanmar, with a 68% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to Thailand exceeded the volume sent to the second major destination, Switzerland (X cubic meters), threefold.

From 2012 to 2021, the average annual growth rate of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+14.0% per year) and China (+18.9% per year).

In value terms, Thailand ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Myanmar, comprising 61% of total exports. The second position in the ranking was held by Switzerland ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+23.3% per year) and China (+27.9% per year).

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, surging by 15% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 52%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per cubic meter), while the average price for exports to Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Myanmar

In 2021, purchases abroad of wood chips, parts, residues, pellets and other agglomerates was finally on the rise to reach X cubic meters after three years of decline. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 257%. As a result, imports attained the peak of X cubic meters. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. In general, imports, however, saw a slight descent. The pace of growth was the most pronounced in 2015 with an increase of 387% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X cubic meters) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Myanmar, with a 75% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Malaysia exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fivefold. Thailand (X cubic meters) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.9% per year) and Thailand (-1.4% per year).

In value terms, Malaysia ($X), Thailand ($X) and China ($X) were the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Myanmar, with a combined 64% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +11.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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, rising by 9.1% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 36%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per cubic meter), while the price for Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+135.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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