Market for Wood Pellets And Other Agglomerates in China
Market Overview
The Chinese market for wood pellets and other agglomerates shrank to $
in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.
In value terms, wood pellets and other agglomerates production reduced dramatically to $ in estimated in export price. Over the period under review, production, however, posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of %. Wood pellets and other agglomerates production peaked at $ in , and then fell remarkably in the following year.
in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.In value terms, wood pellets and other agglomerates production reduced dramatically to $
in estimated in export price. Over the period under review, production, however, posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of %. Wood pellets and other agglomerates production peaked at $ in , and then fell remarkably in the following year.Consumption
After three years of decline, consumption of wood pellets and other agglomerates increased by % to tons in . In general, consumption saw a resilient expansion. Over the period under review, consumption hit record highs in and is likely to continue growth in the immediate term.
The value of the market for wood pellets and other agglomerates in China expanded sharply to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption remained at a lower figure.
% to tons in . In general, consumption saw a resilient expansion. Over the period under review, consumption hit record highs in and is likely to continue growth in the immediate term.The value of the market for wood pellets and other agglomerates in China expanded sharply to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption remained at a lower figure.Consumption by Type
Wood pellets ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, wood pellets exceeded the figures recorded for the second-largest type, other agglomerates ( tons), sixfold.
From 2012 to, the average annual rate of growth in terms of the volume of wood pellets consumptions amounted to +%.
In value terms, wood pellets ($) led the market, alone. The second position in the ranking was taken by other agglomerates ($).
From 2012 to, the average annual rate of growth in terms of the value of wood pellets markets stood at +%.
tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, wood pellets exceeded the figures recorded for the second-largest type, other agglomerates ( tons), sixfold.From 2012 to
, the average annual rate of growth in terms of the volume of wood pellets consumptions amounted to +%.In value terms, wood pellets ($
) led the market, alone. The second position in the ranking was taken by other agglomerates ($).From 2012 to
, the average annual rate of growth in terms of the value of wood pellets markets stood at +%.Market Forecast
Driven by increasing demand for wood pellets and other agglomerates in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of wood pellets and other agglomerates in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for wood pellets and other agglomerates. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
China remains a net exporter of wood pellets and other agglomerates; in physical and value terms, exports consistently exceeded imports from 2012 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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