Market for Wood Residues, Pellets And Other Agglomerates in Ukraine
Market Overview
In 
, after two years of decline, there was significant growth in the Ukrainian market for wood residues, pellets and other agglomerates, when its value increased by % to $. In general, consumption enjoyed buoyant growth. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.
In value terms, production of wood residues, pellets and other agglomerates rose slightly to $ in estimated in export price. Overall, production showed strong growth. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Production of peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
, after two years of decline, there was significant growth in the Ukrainian market for wood residues, pellets and other agglomerates, when its value increased by % to $. In general, consumption enjoyed buoyant growth. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.In value terms, production of wood residues, pellets and other agglomerates rose slightly to $
in estimated in export price. Overall, production showed strong growth. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Production of peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of wood residues, pellets and other agglomerates increased by % to cubic meters, rising for the third consecutive year after two years of decline. Over the period under review, consumption recorded strong growth. As a result, consumption attained the peak volume of cubic meters. From 2018 to , the growth of the consumption of remained at a lower figure.
The revenue of the market for wood residues, pellets and other agglomerates in Ukraine stood at $ in , rising 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 recorded a remarkable increase. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.
, consumption of wood residues, pellets and other agglomerates increased by % to cubic meters, rising for the third consecutive year after two years of decline. Over the period under review, consumption recorded strong growth. As a result, consumption attained the peak volume of cubic meters. From 2018 to , the growth of the consumption of remained at a lower figure.The revenue of the market for wood residues, pellets and other agglomerates in Ukraine stood at $
in , rising 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 recorded a remarkable increase. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for wood residues, pellets and other agglomerates in Ukraine, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, 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
Over the period under review, imports of wood residues, pellets and other agglomerates 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 residues, pellets and other agglomerates.
Trade Balance
Ukraine remains a net exporter of wood 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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