United Kingdom: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in the UK

In 2021, the UK market for wood chips, particles and residues increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Wood Chips, Particles And Residues in the UK

In value terms, wood chips, particles and residues production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Wood Chips, Particles And Residues

Exports from the UK

Wood chips, particles and residues exports from the UK shrank sharply to X tons in 2021, reducing by -X% compared with the year before. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood chips, particles and residues exports surged to $X in 2021. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Norway (X tons) and Germany (X tons) were the main destinations of wood chips, particles and residues exports from the UK, with a combined X% share of total exports. These countries were followed by Ireland, Hong Kong SAR, China, Poland, Belgium, Ukraine, the United Arab Emirates, Austria, France and Spain, which together accounted for a further X 2012 to 2020, the biggest increases were in Hong Kong SAR (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Ireland ($X) and Norway ($X) constituted the largest markets for wood chips, particles and residues exported from the UK worldwide, together comprising X% of total exports.

Hong Kong SAR, with a CAGR of +X%, saw 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

The average export price for wood chips, particles and residues stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Austria ($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 Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Particles And Residues

Imports into the UK

In 2021, supplies from abroad of wood chips, particles and residues increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, wood chips, particles and residues imports contracted dramatically to $X in 2021. In general, imports continue to indicate resilient growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

Ireland (X tons), Portugal (X tons) and the Netherlands (X tons) were the main suppliers of wood chips, particles and residues imports to the UK, together comprising X% of total imports. These countries were followed by Belgium, Norway, the United States and Latvia, which together accounted for a further X 2012 to 2020, the biggest increases were in Norway (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Portugal ($X) and the Netherlands ($X) appeared to be the largest wood chips, particles and residues suppliers to the UK, with a combined X% share of total imports. These countries were followed by Ireland, Latvia, Norway and the United States, which together accounted for a further X the main suppliers, Norway, with a CAGR of +X%, 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 import price for wood chips, particles and residues stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per ton), while the price for the United States ($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 mixed trend patterns.

Source: IndexBox Platform

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