Market for Wood Chips And Particles in Ukraine
Market Overview
In 
, the Ukrainian wood chips and particles market increased by % to $, rising for the sixth consecutive year after four years of decline. Overall, consumption posted buoyant growth. Over the period under review, the market hit record highs in and is likely to see steady growth in the near future.
In value terms, wood chips and particles production expanded modestly to $ in estimated in export price. In general, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2009 with an increase of %. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production remained at a lower figure.
, the Ukrainian wood chips and particles market increased by % to $, rising for the sixth consecutive year after four years of decline. Overall, consumption posted buoyant growth. Over the period under review, the market hit record highs in and is likely to see steady growth in the near future.In value terms, wood chips and particles production expanded modestly to $
in estimated in export price. In general, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2009 with an increase of %. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production remained at a lower figure.Consumption
In , consumption of wood chips and particles increased by % to cubic meters, rising for the sixth year in a row after four years of decline. Overall, consumption saw a buoyant increase. Over the period under review, consumption attained the maximum volume in and is expected to retain growth in years to come.
The size of the wood chips and particles market in Ukraine surged to $ in , jumping 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 continues to indicate a resilient expansion. Over the period under review, the market hit record highs in and is expected to retain growth in the near future.
, consumption of wood chips and particles increased by % to cubic meters, rising for the sixth year in a row after four years of decline. Overall, consumption saw a buoyant increase. Over the period under review, consumption attained the maximum volume in and is expected to retain growth in years to come.The size of the wood chips and particles market in Ukraine surged to $
in , jumping 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 continues to indicate a resilient expansion. Over the period under review, the market hit record highs 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 .
% 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
Over the period under review, imports of wood chips and particles in Ukraine 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 chips and particles. In , the share of imports in total consumption accounted for % in value terms and less than % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and less than % 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 less than % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and less than % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Ukraine remains a net exporter of wood chips and particles; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of cubic meters, 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 cubic meters, 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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