Hong Kong SAR, China - Wood Chips, Parts, Residues, Pellets And Other Agglomerates - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Hong Kong SAR, China - Wood Chips, Parts, Residues, Pellets And Other Agglomerates - Market Analysis, Forecast, Size, Trends and Insights

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Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR - 2023

Contents:

  1. Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR (CIF) - 2023
  2. Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR (FOB) - 2022
  3. Imports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR
  4. Exports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR

Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR (CIF) - 2023

In January 2023, the average import price for wood chips, parts, residues, pellets and other agglomerates amounted to $495 per thousand cubic meters, remaining constant against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 6.9% against the previous month. As a result, import price reached the peak level of $0.5 per cubic meter. From December 2022 to January 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($692 per thousand cubic meters), while the price for China ($420 per thousand cubic meters) was amongst the lowest.

From October 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR (FOB) - 2022

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $1,821 per cubic meter in 2022, surging by 33% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2018 an increase of 185%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2.7 per cubic meter), while the average price for exports to Singapore ($0.4 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR

In 2022, the amount of wood chips, parts, residues, pellets and other agglomerates imported into Hong Kong SAR dropped rapidly to 3.6K cubic meters, declining by -79.2% on the previous year. Overall, imports saw a sharp downturn. The smallest decline of -40.6% was in 2020. Imports peaked at 51K cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates dropped notably to $1.9M in 2022. Over the period under review, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, imports of hit record highs at $3.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands9.82861,1181,096381.8%
China508592818283-17.7%
United States10237615518522.0%
Estonia18.234.599.013092.6%
Poland34.137.629.052.315.3%
Canada22.922.98.950.730.3%
United Kingdom1,77914322.19.9-82.3%
Germany3454205377.3-72.3%
Italy136N/AN/AN/A0%
Others14413017581.2-17.4%
Total3,0982,0412,9621,895-15.1%

Top Suppliers of Wood Chips, Parts, Residues, Pellets and Other Agglomerates to Hong Kong SAR in 2022:

  1. Netherlands (2412.4K cubic meters)
  2. China (532.1K cubic meters)
  3. United States (190.6K cubic meters)
  4. Estonia (148.8K cubic meters)
  5. Canada (129.9K cubic meters)
  6. Poland (85.4K cubic meters)
  7. United Kingdom (39.4K cubic meters)
  8. Germany (7.2K cubic meters)

Exports of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR

Exports of wood chips, parts, residues, pellets and other agglomerates from Hong Kong SAR declined remarkably to 92 cubic meters in 2022, waning by -36.6% compared with the previous year. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 184%. The exports peaked at 157 cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates contracted markedly to $167K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 665% against the previous year. As a result, the exports reached the peak of $199K, and then reduced markedly in the following year.

Export of Wood Chips, Parts, Residues, Pellets and Other Agglomerates in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States32.217.684.010648.8%
Macao SAR10.05.023.149.270.1%
Taiwan (Chinese)1.21.568.38.995.0%
Singapore1.7N/AN/A0.7-25.6%
China0.70.522.1N/A461.9%
Others2.81.41.12.2-7.7%
Total48.725.919916750.8%

Top Export Markets for Wood Chips, Parts, Residues, Pellets and Other Agglomerates from Hong Kong SAR in 2022:

  1. Macao SAR (44.2K cubic meters)
  2. United States (40.1K cubic meters)
  3. Taiwan (Chinese) (5.4K cubic meters)
  4. Singapore (1.8K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for wood chips, parts, residues, pellets and other agglomerates in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1619 - Wood chips and particles
  • FCL 1693 - Wood pellets
  • FCL 1694 - Other agglomerates
  • FCL 1620 - Wood residues

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Wood Chips, Parts, Residues, Pellets And Other Agglomerates - Hong Kong SAR