Sri Lanka: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in Sri Lanka

In 2021, the Sri Lankan market for wood chips, particles and residues decreased by -X% to $X, falling for the sixth consecutive year after four years of growth. In general, consumption, however, showed a strong increase. Wood chips, particles and residues consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Wood Chips, Particles And Residues in Sri Lanka

In value terms, wood chips, particles and residues production fell sharply to $X in 2021 estimated in export price. Over the period under review, production saw a precipitous contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Wood Chips, Particles And Residues

Exports from Sri Lanka

In 2021, shipments abroad of wood chips, particles and residues decreased by -X% to X kg, falling for the second consecutive year after four years of growth. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood chips, particles and residues exports fell significantly to $X in 2021. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X kg), Poland (X kg) and Ukraine (X kg) were the main destinations of wood chips, particles and residues exports from Sri Lanka, together comprising X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood chips, particles and residues exported from Sri Lanka were Germany ($X), Belgium ($X) and Ukraine ($X), together accounting for X% of total exports. Austria, France, Vietnam, Spain, Poland, Norway, the Czech Republic, Croatia, Belarus and the United Arab Emirates lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for wood chips, particles and residues amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price showed a mild descent. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2020, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Belgium ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Particles And Residues

Imports into Sri Lanka

For the fourth year in a row, Sri Lanka recorded decline in purchases abroad of wood chips, particles and residues, which decreased by -X% to X kg in 2021. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X kg in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, wood chips, particles and residues imports contracted remarkably to $X in 2021. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X kg), Austria (X kg) and Belgium (X kg) were the main suppliers of wood chips, particles and residues imports to Sri Lanka, with a combined X% share of total imports. Germany, Norway, Canada, the United States, Italy, the Netherlands, Estonia, Hong Kong SAR, Finland and Lithuania lagged somewhat behind, together accounting for a further X 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Germany ($X) were the largest wood chips, particles and residues suppliers to Sri Lanka, with a combined X% share of total imports. Belgium, the United States, Norway, Italy, the Netherlands, Lithuania, Canada, Finland, Hong Kong SAR and Estonia lagged somewhat behind, together accounting for a further X Kong SAR, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for wood chips, particles and residues amounted to $X per ton, growing by X% against the previous year. Over the last eight-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United States ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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