Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Belarus
Market Overview
The Belarusian market for wood chips, parts, residues, pellets and other agglomerates fell to $
in , which is down 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). Overall, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $ in 2009; however, from 2010 to , consumption remained at a lower figure.
In value terms, production of wood chips, parts, residues, pellets and other agglomerates expanded remarkably to $ in estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of %. Production of peaked at $ in ; however, from to , production failed to regain momentum.
in , which is down 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). Overall, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $ in 2009; however, from 2010 to , consumption remained at a lower figure.In value terms, production of wood chips, parts, residues, pellets and other agglomerates expanded remarkably to $
in estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of %. Production of peaked at $ in ; however, from to , production failed to regain momentum.Consumption
In , consumption of wood chips, parts, residues, pellets and other agglomerates in Belarus contracted significantly to cubic meters, shrinking by -% compared with . In general, consumption saw a abrupt shrinkage. Consumption of peaked at cubic meters in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the market for wood chips, parts, residues, pellets and other agglomerates in Belarus reduced to $ in , dropping 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 showed a deep contraction. Consumption of peaked at $ in 2009; however, from 2010 to , consumption remained at a lower figure.
, consumption of wood chips, parts, residues, pellets and other agglomerates in Belarus contracted significantly to cubic meters, shrinking by -% compared with . In general, consumption saw a abrupt shrinkage. Consumption of peaked at cubic meters in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the market for wood chips, parts, residues, pellets and other agglomerates in Belarus reduced to $
in , dropping 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 showed a deep contraction. Consumption of peaked at $ in 2009; however, from 2010 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for wood chips, parts, residues, pellets and other agglomerates in Belarus, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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 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, parts, residues, pellets and other agglomerates in Belarus 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, parts, residues, pellets and other agglomerates.
Trade Balance
Belarus remains a net exporter of wood chips, parts, residues, pellets and other agglomerates; 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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