Thailand: Wood Residues Market 2022

Wood Residues Market Size in Thailand

In 2020, the Thai wood residues market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, the total consumption indicated a pronounced 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, consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Wood Residues Production in Thailand

In value terms, wood residues production reached $X in 2020 estimated in export prices. In general, the total production indicated perceptible growth 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, production increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Wood residues production peaked in 2020 and is expected to retain growth in years to come.

Wood Residues Exports

Exports from Thailand

For the third consecutive year, Thailand recorded growth in overseas shipments of wood residues, which increased by X% to X cubic meters in 2020. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at X cubic meters in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, wood residues exports fell modestly to $X in 2020. In general, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2010 to 2020, the growth exports remained at a somewhat 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 Thailand, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood residues exported from Thailand were Germany ($X), Belgium ($X) and Ukraine ($X), with a combined X% share of total exports. Canada, Austria, Vietnam, Spain, Poland, France, Norway, the Czech Republic, Croatia and Belarus lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Belarus (+X% per year) saw the highest rates of growth with regard to 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 2020, the average wood residues export price amounted to $X per cubic meter, waning by -X% against the previous year. Over the period under review, the export price showed a precipitous contraction. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked at $X per cubic meter in 2007; however, from 2008 to 2020, export prices stood 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 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 Thailand

Wood residues imports into Thailand shrank to X cubic meters in 2020, which is down by -X% on the previous year. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Imports peaked at X cubic meters in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, wood residues imports dropped modestly to $X in 2020. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

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 Thailand, together accounting for X% of total imports. These countries were followed by Germany, Italy, Norway, Canada, Sweden, the Netherlands, the U.S., Slovakia, Lithuania and Finland, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia, 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 residues suppliers to Thailand, together comprising X% of total imports. These countries were followed by Belgium, the U.S., Norway, Italy, the Netherlands, Lithuania, Canada, Sweden, Slovakia and Finland, which together accounted for a further X terms of the main suppliers, Norway recorded 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

The average wood residues import price stood at $X per cubic meter in 2020, with an increase of X% against the previous year. Overall, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per cubic meter), while the price for Canada ($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 Norway, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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