Market for Wood Residues, Pellets And Other Agglomerates in Belgium
Market Overview
In 
, the Belgian market for wood residues, pellets and other agglomerates was finally on the rise to reach $ after two years of decline. In general, the total consumption indicated a perceptible expansion 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. Based on figures, consumption decreased by -% against 2017 indices. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.
In value terms, production of wood residues, pellets and other agglomerates declined modestly to $ in estimated in export price. Over the period under review, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by %. Production of peaked at $ in 2019, and then dropped slightly in the following year.
, the Belgian market for wood residues, pellets and other agglomerates was finally on the rise to reach $ after two years of decline. In general, the total consumption indicated a perceptible expansion 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. Based on figures, consumption decreased by -% against 2017 indices. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.In value terms, production of wood residues, pellets and other agglomerates declined modestly to $
in estimated in export price. Over the period under review, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by %. Production of peaked at $ in 2019, and then dropped slightly in the following year.Consumption
In , consumption of wood residues, pellets and other agglomerates increased by % to cubic meters, rising for the third consecutive year after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, consumption of reached the maximum volume at cubic meters in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.
The value of the market for wood residues, pellets and other agglomerates in Belgium rose 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). Overall, the total consumption indicated a temperate 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, consumption increased by +% against 2019 indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.
, consumption of wood residues, pellets and other agglomerates increased by % to cubic meters, rising for the third consecutive year after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, consumption of reached the maximum volume at cubic meters in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.The value of the market for wood residues, pellets and other agglomerates in Belgium rose 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). Overall, the total consumption indicated a temperate 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, consumption increased by +% against 2019 indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.Market Forecast
Driven by increasing demand for wood residues, pellets and other agglomerates in Belgium, the market is expected to continue an upward consumption trend over the next eight years. 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 .
% 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 .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Belgium domestic supply is expected to continue its growth. Wood residues, pellets and other agglomerates market in Belgium 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.
% in 2007 to % in . Belgium domestic supply is expected to continue its growth. Wood residues, pellets and other agglomerates market in Belgium 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
Belgium remains a net importer of wood residues, pellets and other agglomerates; 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.
. 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.
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