Updated Jan 18, 2023 05:18

Market for Wood Chips And Particles in Denmark

Market Overview
The Danish wood chips and particles market soared 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). In general, consumption continues to indicate a significant increase. Wood chips and particles consumption peaked in and is expected to retain growth in the immediate term.

In value terms, wood chips and particles production contracted slightly to $ in estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2007 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by %. Wood chips and particles production peaked at $ in , and then fell slightly in the following year.


Consumption
In , the amount of wood chips and particles consumed in Denmark skyrocketed to cubic meters, rising by % against the previous year. Overall, consumption recorded a significant expansion. Over the period under review, consumption reached the peak volume in and is likely to continue growth in years to come.

The size of the wood chips and particles market in Denmark surged 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). In general, consumption enjoyed a significant expansion. Wood chips and particles consumption peaked in and is expected to retain growth in the near future.


Market Forecast
The wood chips and particles market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to cubic meters by the end of .

In value terms, the market is forecast to contract 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
Wood chips and particles market in Denmark consists almost entirely of imported products. 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.


Trade Balance
Denmark remains a net importer of wood chips and particles; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.