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

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

In 2021, the South Asian market for wood chips, parts, residues, pellets and other agglomerates was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption saw a buoyant increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates fell to $X in 2021 estimated in export price. Overall, production posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 3,602%. Over the period under review, production of hit record highs at $X in 2020, and then fell in the following year.

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

Exports in Southern Asia

In 2021, exports of wood chips, parts, residues, pellets and other agglomerates in Southern Asia skyrocketed to X cubic meters, rising by 20% on 2020 figures. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates surged to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.1% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Sri Lanka (X cubic meters) and Bangladesh (X cubic meters) prevails in agglomerates structure, together committing 89% of total exports. It was distantly followed by India (X cubic meters), mixing up a 7.1% share of total exports. The following exporters - Pakistan (X cubic meters) and Bhutan (X cubic meters) - each amounted to a 3.8% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bangladesh (with a CAGR of +19.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in Southern Asia, comprising 74% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 14% share of total exports. It was followed by Pakistan, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sri Lanka amounted to +4.6%. In the other countries, the average annual rates were as follows: Bangladesh (+17.2% per year) and Pakistan (-7.6% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per cubic meter in 2021, picking up by 6.8% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2016 when the export price increased by 21% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per cubic meter), while Bhutan (less than $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 Sri Lanka (+2.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in Southern Asia

In 2021, overseas purchases of wood chips, parts, residues, pellets and other agglomerates were finally on the rise to reach X cubic meters for the first time since 2015, thus ending a five-year declining trend. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 3,476%. Over the period under review, imports of reached the peak figure at X cubic meters in 2015; however, from 2016 to 2021, imports stood at a somewhat 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 recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,391% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Nepal represented the major importing country with an import of around X cubic meters, which finished at 60% of total imports. It was distantly followed by India (X cubic meters), comprising a 28% share of total imports. The following importers - Pakistan (X cubic meters), Bangladesh (X cubic meters) and Bhutan (X cubic meters) - together made up 9.6% of total imports.

Nepal was also the fastest-growing in terms of the wood chips, parts, residues, pellets and other agglomerates imports, with a CAGR of +41.3% from 2012 to 2021. At the same time, Bangladesh (+16.2%), Pakistan (+14.1%), Bhutan (+6.2%) and India (+6.0%) displayed positive paces of growth. Nepal (+49 p.p.) significantly strengthened its position in terms of the total imports, while Bhutan and India saw its share reduced by -4.4% and -42.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Nepal ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 80% share of total imports.

Pakistan, with a CAGR of +24.8%, saw the highest growth rate of 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

In 2021, the import price in Southern Asia amounted to $X per cubic meter, shrinking by -22.8% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per cubic meter), while Bhutan ($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 Pakistan (+9.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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