ASEAN: Market for Wood Chips, Particles And Residues 2024

Market Size for Wood Chips, Particles And Residues in ASEAN

The ASEAN market for wood chips, particles and residues declined to $X in 2021, reducing by X% against the previous year. In general, consumption showed a pronounced descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Wood Chips, Particles And Residues in ASEAN

In value terms, wood chips, particles and residues production shrank significantly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Wood Chips, Particles And Residues

Exports in ASEAN

In 2021, exports of wood chips, particles and residues in ASEAN expanded slightly to X cubic meters, picking up by X% on 2020 figures. The total export volume increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X cubic meters. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood chips, particles and residues exports expanded modestly to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam prevails in exports structure, reaching X cubic meters, which was near X% of total exports in 2021. It was distantly followed by Thailand (X cubic meters), constituting a X% share of total exports. The following exporters - Malaysia (X cubic meters) and Indonesia (X cubic meters) - together made up X% of total exports.

Vietnam was also the fastest-growing in terms of the wood chips, particles and residues exports, with a CAGR of X% from 2012 to 2021. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood chips, particles and residues supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per cubic meter, remaining constant against the previous year. Overall, the export price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Thailand ($X per cubic meter) and Indonesia ($X per cubic meter), while Vietnam ($X per cubic meter) and Malaysia ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Chips, Particles And Residues

Imports in ASEAN

For the third year in a row, ASEAN recorded decline in overseas purchases of wood chips, particles and residues, which decreased by X% to X cubic meters in 2021. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X cubic meters. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood chips, particles and residues imports plummeted to $X in 2021. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the one major importers of wood chips, particles and residues, namely Lao People's Democratic Republic, represented more than two-thirds of total import.

Lao People's Democratic Republic was also the fastest-growing in terms of the wood chips, particles and residues imports, with a CAGR of X% from 2012 to 2021. From 2012 to 2021, the share of Lao People's Democratic Republic increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X) constitutes the largest market for imported wood chips, particles and residues in ASEAN.

In Lao People's Democratic Republic, wood chips, particles and residues imports expanded at an average annual rate of X% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per cubic meter, shrinking by X% against the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per cubic meter in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Lao People's Democratic Republic.

From 2012 to 2021, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to X% per year.

Source: IndexBox Platform

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