Norway: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in Norway

In 2021, the Norwegian market for wood chips, particles and residues decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption recorded a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Wood Chips, Particles And Residues in Norway

In value terms, wood chips, particles and residues production dropped dramatically to $X in 2021 estimated in export price. In general, production recorded a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Wood chips, particles and residues production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Wood Chips, Particles And Residues

Exports from Norway

In 2021, approx. X tons of wood chips, particles and residues were exported from Norway; with an increase of X% compared with the previous year. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood chips, particles and residues exports fell sharply to $X in 2021. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for wood chips, particles and residues exports from Norway, accounting for a X% share of total exports. Moreover, wood chips, particles and residues exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), ninefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Germany (-X% per year).

In value terms, Sweden ($X) remains the key foreign market for wood chips, particles and residues exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Denmark (+X% per year).

Export Prices by Country

In 2020, the average export price for wood chips, particles and residues amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a perceptible slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Particles And Residues

Imports into Norway

In 2021, imports of wood chips, particles and residues into Norway fell remarkably to X tons, with a decrease of -X% compared with 2020 figures. Over the period under review, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, wood chips, particles and residues imports plummeted to $X in 2021. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X tons), Sweden (X tons) and Ireland (X tons) were the main suppliers of wood chips, particles and residues imports to Norway, together accounting for X% of total imports.

From 2012 to 2020, the biggest increases were in Denmark (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips, particles and residues suppliers to Norway were Ireland ($X), France ($X) and Denmark ($X), with a combined X% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +X%, 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 2020, the average import price for wood chips, particles and residues amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood chips, particles and residues import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Ireland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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