Sri Lanka: Wood Residues Market 2022

Wood Residues Market Size in Sri Lanka

In 2020, the Sri Lankan wood residues market decreased by -X% to $X, falling for the fifth year in a row after three years of growth. In general, consumption recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Wood residues consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Wood Residues Production in Sri Lanka

In value terms, wood residues production contracted to $X in 2020 estimated in export prices. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Wood residues production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Wood Residues Exports

Exports from Sri Lanka

In 2020, overseas shipments of wood residues increased by X% to X cubic meters, rising for the fifth consecutive year after two years of decline. In general, exports showed a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, wood residues exports stood at $X in 2020. Overall, total exports indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X cubic meters), Poland (X cubic meters) and Ukraine (X cubic meters) were the main destinations of wood residues exports from Sri Lanka, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Ukraine (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Ukraine ($X) constituted the largest markets for wood residues exported from Sri Lanka worldwide, together accounting for X% of total exports. These countries were followed by Canada, Austria, Vietnam, Spain, Poland, France, Norway, the Czech Republic, Croatia and Belarus, which together accounted for a further X terms of the main countries of destination, Belarus (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood residues export price stood at $X per cubic meter in 2020, waning by -X% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per cubic meter in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per cubic meter), while the average price for exports to Belarus ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced a decline.

Wood Residues Imports

Imports into Sri Lanka

For the third year in a row, Sri Lanka recorded decline in purchases abroad of wood residues, which decreased by -X% to X cubic meters in 2020. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, wood residues imports reduced modestly to $X in 2020. Overall, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2010; however, from 2011 to 2020, imports remained at a lower figure.

Imports by Country

France (X cubic meters), Austria (X cubic meters) and Belgium (X cubic meters) were the main suppliers of wood residues imports to Sri Lanka, with a combined X% share of total imports. Germany, Norway, Canada, Italy, the Netherlands, Poland, Estonia, Finland, Lithuania and Slovakia lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Slovakia, while purchases for the other leaders experienced a decline.

In value terms, France ($X), Austria ($X) and Germany ($X) appeared to be the largest wood residues suppliers to Sri Lanka, together comprising X% of total imports. Belgium, Norway, Italy, the Netherlands, Lithuania, Canada, Poland, Slovakia, Finland and Estonia lagged somewhat behind, together accounting for a further X the main suppliers, Norway saw the highest rates of growth with regard to the value of imports, 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 wood residues import price amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. The import price peaked in 2020 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Norway ($X per cubic meter), while the price for Canada ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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