Asia: Market for Wood Chips, Particles And Residues 2024

Market Size for Wood Chips, Particles And Residues in Asia

The Asian market for wood chips, particles and residues totaled $X in 2021, standing approx. at the previous year. In general, consumption recorded prominent growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Production of Wood Chips, Particles And Residues in Asia

In value terms, wood chips, particles and residues production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020, and then fell dramatically in the following year.

Exports of Wood Chips, Particles And Residues

Exports in Asia

In 2021, wood chips, particles and residues exports in Asia reached X cubic meters, increasing by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood chips, particles and residues exports stood at $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 somewhat noticeable fluctuations being observed 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 remained at a somewhat lower figure.

Exports by Country

Vietnam prevails in exports structure, recording X cubic meters, which was approx. X% of total exports in 2021. It was distantly followed by Thailand (X cubic meters), committing a X% share of total exports. Malaysia (X cubic meters) and Indonesia (X cubic meters) held a minor share 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 ($X) remains the largest wood chips, particles and residues supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Vietnam, wood chips, particles and residues exports expanded at an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2021, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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 Asia

In 2021, overseas purchases of wood chips, particles and residues increased by X% to X cubic meters for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood chips, particles and residues imports rose modestly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X cubic meters) and Japan (X cubic meters) prevails in imports structure, together constituting X% of total imports. Taiwan (Chinese) (X cubic meters), South Korea (X cubic meters) and Lao People's Democratic Republic (X cubic meters) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest wood chips, particles and residues importing markets in Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. South Korea and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per cubic meter, dropping by X% against the previous year. In general, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per cubic meter), while South Korea ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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