Sweden: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Sweden

In 2022, after eight years of growth, there was significant decline in the Swedish wood chips and particles market, when its value decreased by -11.6% to $X. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wood chips and particles consumption peaked at $X in 2021, and then reduced in the following year.

Production of Wood Chips And Particles in Sweden

In value terms, wood chips and particles production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then contracted in the following year.

Exports of Wood Chips And Particles

Exports from Sweden

In 2022, shipments abroad of wood chips and particles increased by 69% to X cubic meters, rising for the second year in a row after four years of decline. In general, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood chips and particles exports soared to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X cubic meters), Germany (X cubic meters) and Norway (X cubic meters) were the main destinations of wood chips and particles exports from Sweden, with a combined 81% share of total exports. These countries were followed by Finland, which accounted for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +88.5%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Finland ($X) and Norway ($X) constituted the largest markets for wood chips and particles exported from Sweden worldwide, together accounting for 84% of total exports.

Among the main countries of destination, Finland, with a CAGR of +68.3%, 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

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, declining by -15.8% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood chips and particles export price decreased by -18.0% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 24%. The export price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.6%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Sweden

In 2022, supplies from abroad of wood chips and particles decreased by -1.7% to X cubic meters, falling for the third consecutive year after four years of growth. Overall, imports, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2016 when imports increased by 41%. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports soared to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Latvia (X cubic meters), Norway (X cubic meters) and Finland (X cubic meters) were the main suppliers of wood chips and particles imports to Sweden, together accounting for 84% of total imports. Estonia, Spain and Uruguay lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +292.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of wood chips and particles to Sweden, comprising 58% of total imports. The second position in the ranking was taken by Norway ($X), with a 15% share of total imports. It was followed by Estonia, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from Latvia stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+4.3% per year) and Estonia (-0.0% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, surging by 37% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($X per cubic meter), while the price for Norway ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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