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

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

The Spanish market for wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021, surging by 127% against the previous year. Overall, consumption continues to indicate a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates expanded remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +12.2% 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 -4.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 101%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports from Spain

In 2021, exports of wood chips, parts, residues, pellets and other agglomerates from Spain reached X cubic meters, surging by 2.6% on 2020. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% 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 +47.0% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 32% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates expanded modestly to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.5% 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 decreased by -0.4% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 63%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

France (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Spain, with a 46% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to France exceeded the volume sent to the second major destination, Portugal (X cubic meters), twofold. Italy (X cubic meters) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.1% per year) and Italy (-3.5% per year).

In value terms, France ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Spain, comprising 49% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Portugal, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.6% per year) and Portugal (+7.9% per year).

Export Prices by Country

In 2021, the average export price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45%. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2021, the amount of wood chips, parts, residues, pellets and other agglomerates imported into Spain soared to X cubic meters, jumping by 18% compared with the previous year's figure. Overall, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 58%. Over the period under review, imports of attained the peak figure at X cubic meters in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 48%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X cubic meters), France (X cubic meters) and South Africa (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Spain, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Spain, comprising 47% of total imports. The second position in the ranking was taken by South Africa ($X), with a 22% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and France (+1.3% per year).

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, growing by 17% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wood chips, parts, residues, pellets and other agglomerates increased by +22.0% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 29%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for France ($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 Uruguay (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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