Southern Asia: Market for Wood Residues, Pellets And Other Agglomerates 2025

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

The South Asian market for wood residues, pellets and other agglomerates stood at $X in 2021, with an increase of 12% against the previous year. Over the period under review, consumption showed moderate growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

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

In value terms, production of wood residues, pellets and other agglomerates shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of 9,741% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in Southern Asia

Exports of wood residues, pellets and other agglomerates rose remarkably to X cubic meters in 2021, with an increase of 14% on 2020 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 48%. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, exports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. Overall, exports saw a pronounced increase. The growth pace was the most rapid in 2020 when exports increased by 56%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Sri Lanka dominates agglomerates structure, accounting for X cubic meters, which was near 85% of total exports in 2021. India (X cubic meters) ranks second in terms of the total exports with a 7.8% share, followed by Pakistan (4.6%). Bangladesh (X cubic meters) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood residues, pellets and other agglomerates exports from Sri Lanka stood at +1.6%. At the same time, Pakistan (+29.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +29.3% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Bangladesh (-18.5%) illustrated a downward trend over the same period. Sri Lanka (+7.3 p.p.) and Pakistan (+4.6 p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by -11.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) remains the largest wood residues, pellets and other agglomerates supplier in Southern Asia, comprising 81% of total exports. The second position in the ranking was held by Pakistan ($X), with a 9.1% share of total exports. It was followed by India, with a 5.5% share.

In Sri Lanka, exports of wood residues, pellets and other agglomerates expanded at an average annual rate of +3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+26.7% per year) and India (+1.8% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per cubic meter in 2021, growing by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2015 when the export price increased by 21% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

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 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+18.7%), while the other leaders experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in Southern Asia

In 2021, imports of wood residues, pellets and other agglomerates in Southern Asia surged to X cubic meters, rising by 52% against 2020. In general, imports showed buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 153% against the previous year. As a result, imports attained the peak of X cubic meters. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 83% against the previous year. Over the period under review, imports of reached the maximum at $X in 2016; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Nepal (X cubic meters) represented the major importer of wood residues, pellets and other agglomerates, creating 66% of total imports. It was distantly followed by India (X cubic meters), constituting a 26% share of total imports. Pakistan (X cubic meters) and Bangladesh (X cubic meters) followed a long way behind the leaders.

Nepal was also the fastest-growing in terms of the wood residues, pellets and other agglomerates imports, with a CAGR of +57.5% from 2012 to 2021. At the same time, Pakistan (+13.6%), Bangladesh (+9.9%) and India (+2.9%) displayed positive paces of growth. Nepal (+62 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and India saw its share reduced by -2.1% and -58.3% 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) were the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

Nepal, with a CAGR of +47.8%, recorded the highest growth rate of the value of imports, among 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, falling by -13.2% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 75% against the previous year. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per cubic meter), while Nepal ($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 (+9.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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