Wood Chips Market

Wood chips market: enjoy new information empowered by an Ai-driven BI platform. Facts and figures cover imports, consumption, market prices, exports, market size, companies, production, and trade. There is a split by country, including Latin America, China, EU, the U.K., Russia, the U.S., the Middle East, and Africa. Market insights and outlook to 2030 are also provided in the snapshots.

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Wood Chips - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by Brazil. It was followed by the United States.

In China, the wood chips, particles and residues market increased at an average annual rate of +2.2% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Brazil (-10.0% per year) and the United States (-5.0% per year).

Wood Chips, Particles And Residues Prices

Wood Chips, Particles and Residues - Top Importers

In value terms, China ($2.4B), Japan ($1.8B) and Turkey ($249M) appeared to be the countries with the highest levels of imports in 2020, together accounting for 74% of global imports. These countries were followed by Finland, Austria, France, Sweden, Canada, Denmark, Poland, Germany, Latvia and Lithuania, which together accounted for a further 14%.

Latvia (+110.6% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Wood Chips, Particles and Residues - Top Exporters

In value terms, Vietnam ($1.5B) remains the largest wood chips, particles and residues supplier worldwide, comprising 33% of global exports. The second position in the ranking was occupied by Australia ($520M), with a 11% share of global exports. It was followed by Chile, with a 7.2% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Vietnam stood at +5.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-32.6% per year) and Chile (-7.5% per year).

Wood Chips, Particles and Residues - Market Forecast

Driven by increasing demand for wood chips, particles and residues worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.