Southern Asia: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Southern Asia

The South Asian wood chips and particles market soared to $X in 2022, increasing by 38% against the previous year. Over the period under review, consumption, however, recorded a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Chips And Particles in Southern Asia

In value terms, wood chips and particles production skyrocketed to $X in 2022 estimated in export price. In general, production, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9,587% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports in Southern Asia

In 2022, overseas shipments of wood chips and particles increased by 120% to X cubic meters, rising for the third consecutive year after three years of decline. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 281% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wood chips and particles exports rose markedly to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 284% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India was the major exporting country with an export of about X cubic meters, which accounted for 69% of total exports. It was distantly followed by Bangladesh (X cubic meters) and Sri Lanka (X cubic meters), together comprising a 30% share of total exports.

India was also the fastest-growing in terms of the wood chips and particles exports, with a CAGR of +20.4% from 2012 to 2022. At the same time, Bangladesh (+11.4%) and Sri Lanka (+5.9%) displayed positive paces of growth. India (+40 p.p.) and Bangladesh (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -4.7% from 2012 to 2022, respectively.

In value terms, Bangladesh ($X), India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 98% share of total exports.

Bangladesh, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Southern Asia stood at $X per cubic meter in 2022, falling by -52.1% against the previous year. Over the period under review, the export price faced a abrupt decline. The growth pace was the most rapid in 2014 when the export price increased by 67%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per cubic meter), while India ($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 Bangladesh (+2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips And Particles

Imports in Southern Asia

In 2022, purchases abroad of wood chips and particles decreased by -62.6% to X cubic meters, falling for the seventh year in a row after four years of growth. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 26,872% against the previous year. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, wood chips and particles imports rose slightly to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 35,552%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

India (X cubic meters) and Maldives (X cubic meters) prevails in imports structure, together constituting 76% of total imports. It was distantly followed by Pakistan (X cubic meters), Bhutan (X cubic meters) and Nepal (X cubic meters), together comprising a 22% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Maldives (with a CAGR of +23.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X), Maldives ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2022, together accounting for 94% of total imports.

Maldives, with a CAGR of +33.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per cubic meter in 2022, surging by 176% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. As a result, import price attained 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 India ($X per cubic meter), while Bhutan ($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 India (+16.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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