Updated Dec 23, 2021 21:22

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

Market Overview
In , the global market for wood chips, parts, residues, pellets and other agglomerates decreased by -% to $ for the first time since 2015, thus ending a four-year rising trend. Over the period under review, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $ in 2019, and then shrank in the following year.

In value terms, production of wood chips, parts, residues, pellets and other agglomerates totaled $ in estimated in export price. Overall, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Over the period under review, global production of hit record highs in and is expected to retain growth in the near future.

The countries with the highest volumes of production in were Vietnam ( cubic meters), Australia ( cubic meters) and the United States ( cubic meters), with a combined % share of global production. These countries were followed by Russia, Canada, Chile, Latvia, South Africa, Belarus, Thailand, Germany, Romania and Brazil, which together accounted for a further %.

From 2007 to , the biggest increases were recorded for Canada (with a CAGR of +%), while agglomerates for the other global leaders experienced more modest paces of growth.


Consumption
In , approx. cubic meters of wood chips, parts, residues, pellets and other agglomerates were consumed worldwide; growing by % on the previous year's figure. Over the period under review, the total consumption indicated a temperate increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, global consumption of attained the maximum volume at cubic meters in 2019; however, from to , consumption stood at a somewhat lower figure.

The revenue of the market for wood chips, parts, residues, pellets and other agglomerates worldwide rose modestly to $ in , increasing 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, the total consumption indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Global consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were China ( cubic meters), Australia ( cubic meters) and Japan ( cubic meters), with a combined % share of global consumption.

From 2007 to , the most notable rate of growth in terms of agglomerates, amongst the key consuming countries, was attained by Australia (with a CAGR of +%), while agglomerates for the other global leaders experienced more modest paces of growth.

In value terms, China ($), Japan ($) and the UK ($) were the countries with the highest levels of market value in , with a combined % share of the global market. The Netherlands, Italy, South Korea, Denmark, Canada, France, Sweden, Finland, Australia and South Africa lagged somewhat behind, together comprising a further %.

France, with a CAGR of +%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while agglomerates for the other global leaders experienced more modest paces of growth.

In No countries per capita consumption of wood chips, parts, residues, pellets and other agglomerates remained relatively stable over the period from 2007-.


Market Forecast
Driven by increasing demand for wood chips, parts, residues, pellets and other agglomerates worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters 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 .