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

Market Size for Wood Residues, Pellets And Other Agglomerates

The global market for wood residues, pellets and other agglomerates expanded modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. Global consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Wood Residues, Pellets And Other Agglomerates

In value terms, production of wood residues, pellets and other agglomerates stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, global production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Wood Residues, Pellets And Other Agglomerates

Exports

In 2022, shipments abroad of wood residues, pellets and other agglomerates decreased by X% to X cubic meters for the first time since 2011, thus ending a ten-year rising trend. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the global exports of reached the maximum at X cubic meters in 2021, and then declined in the following year.

In value terms, exports of wood residues, pellets and other agglomerates skyrocketed to $X in 2022. Over the period under review, exports, however, showed resilient growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the global exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the United States (X cubic meters), distantly followed by Canada (X cubic meters), Latvia (X cubic meters), Vietnam (X cubic meters) and Germany (X cubic meters) represented the key exporters of wood residues, pellets and other agglomerates, together committing X% of total exports. Estonia (X cubic meters), Austria (X cubic meters), Belgium (X cubic meters), Denmark (X cubic meters), Belarus (X cubic meters), Ukraine (X cubic meters), Poland (X cubic meters) and the Czech Republic (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood residues, pellets and other agglomerates exports from the United States stood at X%. At the same time, Vietnam (X%), Denmark (X%), Belarus (X%), Latvia (X%), Poland (X%), Estonia (X%), Canada (X%), Ukraine (X%), Belgium (X%), Austria (X%), the Czech Republic (X%) and Germany (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. While the share of the United States (X p.p.), Vietnam (X p.p.), Latvia (X p.p.), Denmark (X p.p.) and Canada (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest wood residues, pellets and other agglomerates supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Canada ($X), with an X% share of global exports. It was followed by Vietnam, with a X% share.

In the United States, exports of wood residues, pellets and other agglomerates increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per cubic meter), while Belarus ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other global leaders experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports

In 2022, approx. X cubic meters of wood residues, pellets and other agglomerates were imported worldwide; falling by X% on 2021 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Global imports peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, imports of wood residues, pellets and other agglomerates totaled $X in 2022. In general, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, global imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the UK (X cubic meters), distantly followed by Japan (X cubic meters), Denmark (X cubic meters), the Netherlands (X cubic meters), Italy (X cubic meters), Belgium (X cubic meters) and Germany (X cubic meters) represented the key importers of wood residues, pellets and other agglomerates, together making up X% of total imports. Austria (X cubic meters), France (X cubic meters), Latvia (X cubic meters) and Sweden (X cubic meters) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest wood residues, pellets and other agglomerates importing markets worldwide were the UK ($X), Japan ($X) and Italy ($X), with a combined X% share of global imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 2022, amid the top importers, the country with the highest price was Italy ($X per cubic meter), while Austria ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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