Northern America: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Northern America

In 2022, the North American wood chips and particles market decreased by -5% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Chips And Particles in Northern America

In value terms, wood chips and particles production expanded modestly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports in Northern America

In 2022, shipments abroad of wood chips and particles increased by 23% to X cubic meters, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The volume of export peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, amounting to X cubic meters, which was near 94% of total exports in 2022. It was distantly followed by Canada (X cubic meters), constituting a 5.7% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of wood chips and particles. Canada (-11.5%) illustrated a downward trend over the same period. While the share of the United States (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-10.2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest wood chips and particles supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 6.1% share of total exports.

In the United States, wood chips and particles exports expanded at an average annual rate of +2.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per cubic meter, with an increase of 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2020 an increase of 37%. As a result, the export price reached the peak level of $X per cubic meter. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per cubic meter), while the United States amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Imports of Wood Chips And Particles

Imports in Northern America

In 2022, supplies from abroad of wood chips and particles decreased by -19% to X cubic meters, falling for the third consecutive year after two years of growth. In general, imports showed a noticeable reduction. The growth pace was the most rapid in 2014 when imports increased by 41% against the previous year. As a result, imports reached the peak of X cubic meters. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, wood chips and particles imports declined modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Canada prevails in imports structure, amounting to X cubic meters, which was near 98% of total imports in 2022. The United States (X cubic meters) took a relatively small share of total imports.

Canada was also the fastest-growing in terms of the wood chips and particles imports, with a CAGR of -4.7% from 2012 to 2022. The United States (-5.4%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported wood chips and particles in Northern America, comprising 72% of total imports. The second position in the ranking was held by the United States ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada amounted to -1.9%.

Import Prices by Country

The import price in Northern America stood at $X per cubic meter in 2022, jumping by 20% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood chips and particles import price increased by +29.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 24%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while Canada totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.1%).

Source: IndexBox Platform

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