Northern America: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

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

In 2021, the North American market for wood chips, parts, residues, pellets and other agglomerates decreased by -21% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates contracted slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2014 when the production volume increased by 36%. Over the period under review, production of hit record highs at $X in 2020, and then dropped modestly in the following year.

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

Exports in Northern America

In 2021, approx. X cubic meters of wood chips, parts, residues, pellets and other agglomerates were exported in Northern America; with an increase of 8.7% compared with 2020. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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 +80.8% against 2012 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 19% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates totaled $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +114.3% against 2012 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 21%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

The United States represented the key exporting country with an export of around X cubic meters, which finished at 75% of total exports. It was distantly followed by Canada (X cubic meters), creating a 25% share of total exports.

The United States was also the fastest-growing in terms of the wood chips, parts, residues, pellets and other agglomerates exports, with a CAGR of +7.7% from 2012 to 2021. At the same time, Canada (+4.4%) displayed positive paces of growth. The United States (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -5.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in Northern America, comprising 72% of total exports. The second position in the ranking was held by Canada ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +10.9%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per cubic meter, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 when the export price increased by 10% against the previous year. Over the period under review, the export prices attained the maximum at $X per cubic meter in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per cubic meter), while the United States totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.9%).

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

Imports in Northern America

In 2021, overseas purchases of wood chips, parts, residues, pellets and other agglomerates decreased by -10.8% to X cubic meters, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 88% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates totaled $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 17% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Canada was the largest importing country with an import of around X cubic meters, which amounted to 78% of total imports. It was distantly followed by the United States (X cubic meters), mixing up a 22% share of total imports.

Imports into Canada decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, the United States (+3.7%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +3.7% from 2012-2021. While the share of the United States (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-6.5 p.p.) displayed negative dynamics.

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per cubic meter, rising by 13% against the previous year. In general, the import price enjoyed temperate growth. The pace of growth was the most pronounced in 2015 when the import price increased by 143%. The level of import peaked at $X per cubic meter in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while Canada stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.4%).

Source: IndexBox Platform

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