Overview of the Global Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates

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

The global market for wood chips, parts, residues, pellets and other agglomerates rose remarkably to $X in 2021, picking up by 8.5% against the previous year. The market value increased at an average annual rate of +5.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level in 2021 and is expected to retain growth in years to come.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +113.8% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Global production peaked at $X in 2020, and then fell slightly in the following year.

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

Exports

Global exports of wood chips, parts, residues, pellets and other agglomerates totaled X cubic meters in 2021, approximately reflecting 2020. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 13% against the previous year. Over the period under review, the global exports of reached the maximum at X cubic meters in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates rose remarkably to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. Over the period under review, the global exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Vietnam (X cubic meters), distantly followed by the United States (X cubic meters), Russia (X cubic meters) and Latvia (X cubic meters) represented the largest exporters of wood chips, parts, residues, pellets and other agglomerates, together making up 48% of total exports. Canada (X cubic meters), Chile (X cubic meters), Germany (X cubic meters), Belarus (X cubic meters), Estonia (X cubic meters), Brazil (X cubic meters), Thailand (X cubic meters), South Africa (X cubic meters) and Indonesia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +16.1%), while the other global leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and Latvia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 41% share of global exports. These countries were followed by Canada, Russia, Germany, Estonia, Chile, Thailand, Brazil, South Africa, Belarus and Indonesia, which together accounted for a further 29%.

In terms of the main exporting countries, Belarus, with a CAGR of +14.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, growing by 3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The global export price peaked in 2021 and is expected to retain growth in the near future.

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 Canada ($X per cubic meter), while Belarus ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+4.7%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, purchases abroad of wood chips, parts, residues, pellets and other agglomerates was finally on the rise to reach X cubic meters after two years of decline. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 15%. Global imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates rose markedly to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period 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 2018 with an increase of 22%. Global imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X cubic meters), Japan (X cubic meters) and the UK (X cubic meters) represented the largest importer of wood chips, parts, residues, pellets and other agglomerates in the world, achieving 48% of total import. South Korea (X cubic meters) ranks next in terms of the total imports with a 5.4% share, followed by Denmark (5.3%). The Netherlands (X cubic meters), Finland (X cubic meters), Austria (X cubic meters), Italy (X cubic meters), Germany (X cubic meters), Sweden (X cubic meters), Latvia (X cubic meters) and Poland (X cubic meters) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of +39.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, with a combined 59% share of global imports. Denmark, the Netherlands, South Korea, Italy, Finland, Germany, Austria, Sweden, Latvia and Poland lagged somewhat behind, together accounting for a further 28%.

Among the main importing countries, Latvia, with a CAGR of +30.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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, surging by 2.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.5%. Global import price peaked at $X per cubic meter in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while Poland (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 attained by Italy (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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