United Kingdom: Market for Wood Residues, Pellets And Other Agglomerates 2024

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

For the fourth consecutive year, the UK market for wood residues, pellets and other agglomerates recorded growth in sales value, which increased by 4.4% to $X in 2021. In general, consumption posted a significant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

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

In value terms, production of wood residues, pellets and other agglomerates dropped markedly to $X in 2021 estimated in export price. Overall, production enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 275% against the previous year. As a result, production reached the peak level of $X, and then dropped remarkably in the following year.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from the UK

In 2021, approx. X cubic meters of wood residues, pellets and other agglomerates were exported from the UK; which is down by -52.1% against the year before. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Over the period under review, the exports of attained the peak figure at X cubic meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of wood residues, pellets and other agglomerates declined markedly to $X in 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 105% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X cubic meters), Ireland (X cubic meters) and the Netherlands (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from the UK, together comprising 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +4.1%), while shipments for the other leaders experienced a decline.

In value terms, Ireland ($X) remains the key foreign market for wood residues, pellets and other agglomerates exports from the UK, comprising 71% of total exports. The second position in the ranking was held by Sweden ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-16.5% per year) and the Netherlands (-32.6% per year).

Export Prices by Country

The average export price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, with an increase of 15% against the previous year. Over the period under review, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 an increase of 31%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Sweden (less than $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 France (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into the UK

In 2021, the amount of wood residues, pellets and other agglomerates imported into the UK reached X cubic meters, flattening at the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 135%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, imports of wood residues, pellets and other agglomerates rose slightly to $X in 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 121%. Over the period under review, imports of reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X cubic meters) constituted the largest wood residues, pellets and other agglomerates supplier to the UK, with a 58% share of total imports. Moreover, imports of wood 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 taken 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 totaled +31.1%. 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 ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to the UK, comprising 61% of total imports. The second position in the ranking was taken by Canada ($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 stood at +31.4%. 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 residues, pellets and other agglomerates stood at $X per cubic meter in 2021, growing by 3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 3.6% against the previous year. Over the period under review, average import prices hit record highs 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 highest price was recorded for prices from 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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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