United Kingdom: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in the UK

The UK market for wood chips, parts, residues, pellets and other agglomerates rose slightly to $X in 2021, surging by 4.4% against the previous year. Over the period under review, consumption enjoyed a significant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in the UK

In value terms, production of wood chips, parts, residues, pellets and other agglomerates fell dramatically to $X in 2021 estimated in export price. In general, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 119% against the previous year. As a result, production attained the peak level of $X, and then contracted remarkably in the following year.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from the UK

For the fourth year in a row, the UK recorded decline in shipments abroad of wood chips, parts, residues, pellets and other agglomerates, which decreased by -32.5% to X cubic meters in 2021. Overall, exports showed a deep slump. The growth pace was the most rapid in 2017 with an increase of 89%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates reduced dramatically to $X in 2021. In general, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 67% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X cubic meters), Ireland (X cubic meters) and Sweden (X cubic meters) were the main destinations of exports of wood chips, parts, residues, pellets and other agglomerates from the UK, together accounting for 81% of total exports. These countries were followed by Hong Kong SAR, Germany, Japan, Belgium, the Netherlands and Denmark, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +92.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood chips, parts, residues, pellets and other agglomerates exported from the UK were Ireland ($X), Hong Kong SAR ($X) and Norway ($X), with a combined 71% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +89.6%, 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 2021, the average export price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, picking up by 9.8% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2020 an increase of 71% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into the UK

For the fourth year in a row, the UK recorded growth in supplies from abroad of wood chips, parts, residues, pellets and other agglomerates, which increased by 1.4% to X cubic meters in 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 129%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates expanded modestly to $X in 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 120%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X cubic meters) constituted the largest wood chips, parts, residues, pellets and other agglomerates supplier to the UK, accounting for a 57% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from the United States exceeded the figures recorded by the second-largest supplier, Canada (X cubic meters), fourfold. The third position in this ranking was held by Latvia (X cubic meters), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+6.5% per year) and Latvia (+33.9% per year).

In value terms, the United States ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to the UK, comprising 61% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports. It was followed by Latvia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+5.5% per year) and Latvia (+35.5% per year).

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, increasing by 2.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 3.9%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per cubic meter) and Brazil ($X per cubic meter), while the price for Russia ($X per cubic meter) and Portugal ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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