Asia-Pacific: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in Asia-Pacific

The Asia-Pacific market for wood residues, pellets and other agglomerates rose slightly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a significant increase. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Wood Residues, Pellets And Other Agglomerates in Asia-Pacific

In value terms, production of wood residues, pellets and other agglomerates stood at $X in 2022 estimated in export price. In general, production, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2022.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in Asia-Pacific

In 2022, overseas shipments of wood residues, pellets and other agglomerates decreased by X% to X cubic meters, falling for the second year in a row after five years of growth. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports of attained the maximum at X cubic meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of wood residues, pellets and other agglomerates declined to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Vietnam (X cubic meters) was the major exporter of wood residues, pellets and other agglomerates, comprising X% of total exports. It was distantly followed by Malaysia (X cubic meters), committing a X% share of total exports. The following exporters - Thailand (X cubic meters), Indonesia (X cubic meters) and Australia (X cubic meters) - together made up X% of total exports.

Vietnam was also the fastest-growing in terms of the wood residues, pellets and other agglomerates exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), Australia (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood residues, pellets and other agglomerates supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2022, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in Asia-Pacific

After two years of growth, overseas purchases of wood residues, pellets and other agglomerates decreased by X% to X cubic meters in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X cubic meters in 2021, and then dropped notably in the following year.

In value terms, imports of wood residues, pellets and other agglomerates dropped slightly to $X in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Japan dominates agglomerates structure, reaching X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X cubic meters), achieving an X% share of total imports.

Japan was also the fastest-growing in terms of the wood residues, pellets and other agglomerates imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. From 2012 to 2022, the share of Japan increased by X percentage points.

In value terms, Japan ($X) constitutes the largest market for imported wood residues, pellets and other agglomerates in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per cubic meter), while South Korea amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Source: IndexBox Platform

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