Scandinavia: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Scandinavia

In 2022, the Scandinavia wood chips and particles market decreased by -17.2% to $X for the first time since 2014, thus ending a seven-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the market value increased by 9.5%. Over the period under review, the market hit record highs at $X in 2021, and then fell remarkably in the following year.

Production of Wood Chips And Particles in Scandinavia

In value terms, wood chips and particles production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Wood Chips And Particles

Exports in Scandinavia

In 2022, shipments abroad of wood chips and particles increased by 10% to X cubic meters, rising for the second year in a row after two years of decline. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 39% against the previous year. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wood chips and particles exports reached $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 35%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X cubic meters) and Sweden (X cubic meters) represented roughly 87% of total exports in 2022. It was distantly followed by Finland (X cubic meters), creating a 13% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +11.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest wood chips and particles supplying countries in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

In terms of the main exporting countries, Norway, with a CAGR of +7.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per cubic meter, picking up by 3.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per cubic meter), while Norway ($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 Sweden (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Chips And Particles

Imports in Scandinavia

In 2022, overseas purchases of wood chips and particles decreased by -47.7% to X cubic meters, falling for the third consecutive year after four years of growth. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 17%. Over the period under review, imports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wood chips and particles imports fell significantly to $X in 2022. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X cubic meters) and Finland (X cubic meters) dominates imports structure, together generating 93% of total imports. It was distantly followed by Norway (X cubic meters), achieving a 6.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +1.9%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest wood chips and particles importing markets in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

In terms of the main importing countries, Sweden, with a CAGR of +2.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per cubic meter in 2022, with an increase of 47% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +47.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Finland ($X per cubic meter), while Sweden ($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 Finland (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform