Portugal: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Portugal

The Portuguese wood chips and particles market soared to $X in 2022, with an increase of 48% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +125.8% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Wood Chips And Particles in Portugal

In value terms, wood chips and particles production surged to $X in 2022 estimated in export price. In general, production, however, recorded a deep slump. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Portugal

Wood chips and particles exports from Portugal stood at X cubic meters in 2022, surging by 8.9% on 2021 figures. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 100% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood chips and particles exports skyrocketed to $X in 2022. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2018 when exports increased by 117% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X cubic meters), Spain (X cubic meters) and Germany (X cubic meters) were the main destinations of wood chips and particles exports from Portugal, together comprising 82% of total exports. Belgium, Italy, the United Arab Emirates and France lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +157.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Germany ($X) were the largest markets for wood chips and particles exported from Portugal worldwide, together comprising 67% of total exports. France, Belgium, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +110.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, increasing by 11% against the previous year. In general, the export price saw buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Spain ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips And Particles

Imports into Portugal

In 2022, imports of wood chips and particles into Portugal soared to X cubic meters, rising by 48% against the year before. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 97% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wood chips and particles imports soared to $X in 2022. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 113%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Uruguay (X cubic meters), Brazil (X cubic meters) and Spain (X cubic meters) were the main suppliers of wood chips and particles imports to Portugal, with a combined 96% share of total imports. Japan and Chile lagged somewhat behind, together comprising a further 2.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +29,896.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips and particles suppliers to Portugal were Uruguay ($X), Brazil ($X) and Spain ($X), with a combined 96% share of total imports. Japan and Chile lagged somewhat behind, together accounting for a further 2.1%.

Japan, with a CAGR of +7,428.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, growing by 14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($X per cubic meter), while the price for Spain ($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 Brazil (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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