Price for Wood Chips and Particles in Bangladesh - 2022
Contents:
- Price for Wood Chips and Particles in Bangladesh (FOB) - 2022
- Exports of Wood Chips and Particles in Bangladesh
Price for Wood Chips and Particles in Bangladesh (FOB) - 2022
The average wood chips and particles export price stood at $333 per cubic meter in 2022, surging by 60% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 87% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +4.9% per year.
Exports of Wood Chips and Particles in Bangladesh
Wood chips and particles exports from Bangladesh shrank markedly to 205 cubic meters in 2022, declining by -33.9% compared with 2021. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, the exports reached the peak of 310 cubic meters, and then contracted notably in the following year.
In value terms, wood chips and particles exports rose sharply to $68K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 118%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Wood Chips and Particles in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 29.9 | 18.4 | 64.6 | 42.8 | 12.7% |
| Saudi Arabia | N/A | 11.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 25.4 | 0% |
| Total | 29.9 | 29.6 | 64.6 | 68.2 | 31.6% |
Top Export Markets for Wood Chips and Particles from Bangladesh in 2022:
- United Arab Emirates (205.0 cubic meters)
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