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

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

The Portuguese market for wood chips, parts, residues, pellets and other agglomerates surged to $X in 2021, with an increase of 77% against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates rose markedly to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 47%. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

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

Exports from Portugal

In 2021, shipments abroad of wood chips, parts, residues, pellets and other agglomerates decreased by -8.3% to X cubic meters, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 33%. Over the period under review, the exports of reached the maximum at X cubic meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates fell to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 36%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X cubic meters), Spain (X cubic meters) and Denmark (X cubic meters) were the main destinations of exports of wood chips, parts, residues, pellets and other agglomerates from Portugal, together accounting for 75% of total exports. These countries were followed by the Netherlands, Belgium, Germany and France, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood chips, parts, residues, pellets and other agglomerates exported from Portugal were Spain ($X), the UK ($X) and Denmark ($X), with a combined 74% share of total exports. The Netherlands, Belgium, Germany and France lagged somewhat behind, together accounting for a further 22%.

Germany, with a CAGR of +28.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, increasing by 2.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 8.2%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Spain ($X per cubic meter) and Germany ($X per cubic meter), while the average price for exports to the UK ($X per cubic meter) and Denmark ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Portugal

Imports of wood chips, parts, residues, pellets and other agglomerates into Portugal skyrocketed to X cubic meters in 2021, picking up by 109% against the previous year's figure. Overall, imports enjoyed a strong expansion. Imports peaked at X cubic meters in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. Over the period under review, imports continue to indicate strong growth. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X cubic meters), Uruguay (X cubic meters) and Spain (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Portugal, together comprising 96% of total imports. These countries were followed by France, which accounted for a further 2.8%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Uruguay ($X) and Spain ($X) constituted the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Portugal, with a combined 96% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +39.3%, saw the highest rates of growth with regard to 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 2021, the average import price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 9.4% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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