Global Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size

The global wood flat pallet market stood at $X in 2021, picking up by 9.8% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2021 and is expected to retain growth in the near future.

Wood Flat Pallet Production

In value terms, wood flat pallet production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. Global production peaked in 2021 and is likely to see steady growth in years to come.

Wood Flat Pallet Exports

Exports

In 2021, shipments abroad of flat pallets and pallet collars of wood increased by 14% to X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 15% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wood flat pallet exports soared to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Poland (X units), distantly followed by Germany (X units), the Netherlands (X units) and the Czech Republic (X units) were the main exporters of flat pallets and pallet collars of wood, together achieving 42% of total exports. The following exporters - Lithuania (X units), Belgium (X units), Latvia (X units), Ukraine (X units), the UK (X units), France (X units), Canada (X units), Italy (X units) and the United States (X units) - together made up 27% of total exports.

Exports from Poland increased at an average annual rate of +10.4% from 2012 to 2021. At the same time, Ukraine (+22.2%), the UK (+12.9%), the Netherlands (+5.9%), Canada (+4.9%), Germany (+4.1%), Lithuania (+2.9%), Italy (+2.5%), Belgium (+2.1%), the United States (+2.1%) and the Czech Republic (+1.0%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.2% from 2012-2021. Latvia experienced a relatively flat trend pattern. By contrast, France (-2.7%) illustrated a downward trend over the same period. Poland (+7.2 p.p.) and Ukraine (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while Latvia, the Czech Republic and France saw its share reduced by -2.2%, -2.3% and -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest wood flat pallet supplier worldwide, comprising 20% of global exports. The second position in the ranking was held by Germany ($X), with a 9.6% share of global exports. It was followed by the Czech Republic, with a 6.4% share.

In Poland, wood flat pallet exports expanded at an average annual rate of +13.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+7.4% per year) and the Czech Republic (+6.6% per year).

Export Prices by Country

In 2021, the average wood flat pallet export price amounted to $X per unit, increasing by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+9.0%), while the other global leaders experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports

In 2021, the amount of flat pallets and pallet collars of wood imported worldwide totaled X units, surging by 12% against the previous year. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood flat pallet imports soared to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) represented the largest importer of flat pallets and pallet collars of wood, mixing up 25% of total imports. The Netherlands (X units) held a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Italy (7.8%), France (6.4%) and Belgium (6.2%). Austria (X units), Poland (X units), the Czech Republic (X units), the UK (X units), Sweden (X units), Denmark (X units), Singapore (X units) and the United States (X units) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, the UK (+11.5%), Italy (+10.6%), the Netherlands (+6.2%), Poland (+5.7%), Singapore (+4.1%), Austria (+3.5%), Sweden (+2.7%), Belgium (+2.4%) and the Czech Republic (+1.2%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +11.5% from 2012-2021. By contrast, France (-1.0%), the United States (-5.1%) and Denmark (-5.7%) illustrated a downward trend over the same period. While the share of Italy (+3.4 p.p.) and the Netherlands (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-2.4 p.p.), Denmark (-2.9 p.p.) and France (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported flat pallets and pallet collars of wood worldwide, comprising 26% of global imports. The second position in the ranking was held by France ($X), with a 7.6% share of global imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +8.7%. In the other countries, the average annual rates were as follows: France (+6.8% per year) and Italy (+11.9% per year).

Import Prices by Country

In 2021, the average wood flat pallet import price amounted to $X per unit, surging by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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