New Zealand: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in New Zealand

The New Zealand wood chips and particles market skyrocketed to $X in 2022, with an increase of 174% against the previous year. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Chips And Particles in New Zealand

In value terms, wood chips and particles production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 121%. Wood chips and particles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from New Zealand

Wood chips and particles exports from New Zealand skyrocketed to X cubic meters in 2022, rising by 45% on 2021 figures. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports surged to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +111.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X cubic meters) was the main destination for wood chips and particles exports from New Zealand, accounting for a 100% share of total exports. It was followed by China (X cubic meters), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at -7.0%.

In value terms, Japan ($X) remains the key foreign market for wood chips and particles exports from New Zealand, comprising 99% of total exports. The second position in the ranking was taken by China ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +2.2%.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, increasing by 11% against the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to China stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.1%).

Imports of Wood Chips And Particles

Imports into New Zealand

In 2022, wood chips and particles imports into New Zealand contracted to X cubic meters, reducing by -13.2% compared with the previous year's figure. Overall, imports, however, showed buoyant growth. The growth pace was the most rapid in 2017 with an increase of 94%. As a result, imports attained the peak of X cubic meters. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, wood chips and particles imports fell modestly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.7% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 108%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of wood chips and particles to New Zealand, accounting for a 61% share of total imports. Moreover, wood chips and particles imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), fourfold. The third position in this ranking was held by France (X cubic meters), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and France (-7.8% per year).

In value terms, the United States ($X), France ($X) and Canada ($X) appeared to be the largest wood chips and particles suppliers to New Zealand, with a combined 87% share of total imports. Germany, Ukraine, China and Australia lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Germany, with a CAGR of +110.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, with an increase of 14% against the previous year. In general, the import price showed a tangible expansion. The growth pace was the most rapid in 2013 when the average import price increased by 109%. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Germany ($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 Ukraine (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform