Benelux: Market for Wood Pellets And Other Agglomerates 2023

Market Size for Wood Pellets And Other Agglomerates in Benelux

The Benelux market for wood pellets and other agglomerates soared to $X in 2022, picking up by 20% against the previous year. In general, consumption showed strong growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Wood Pellets And Other Agglomerates in Benelux

In value terms, wood pellets and other agglomerates production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 68%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Wood Pellets And Other Agglomerates

Exports in Benelux

In 2022, overseas shipments of wood pellets and other agglomerates decreased by -9.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wood pellets and other agglomerates exports soared to $X in 2022. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 52%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Belgium was the key exporting country with an export of about X tons, which accounted for 60% of total exports. It was distantly followed by the Netherlands (X tons), constituting a 38% share of total exports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +1.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) constituted the countries with the highest levels of exports in 2022.

Belgium, with a CAGR of +12.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, with an increase of 54% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+16.5%), while the other leaders experienced more modest paces of growth.

Imports of Wood Pellets And Other Agglomerates

Imports in Benelux

In 2022, supplies from abroad of wood pellets and other agglomerates decreased by -1.3% to X tons, falling for the second year in a row after three years of growth. In general, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 64%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wood pellets and other agglomerates imports totaled $X in 2022. Overall, imports, however, enjoyed a notable increase. The growth pace was the most rapid in 2020 when imports increased by 71%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands was the main importing country with an import of about X tons, which accounted for 70% of total imports. It was distantly followed by Belgium (X tons), creating a 30% share of total imports.

The Netherlands was also the fastest-growing in terms of the wood pellets and other agglomerates imports, with a CAGR of +6.4% from 2012 to 2022. Belgium (-9.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +38 percentage points.

In value terms, the largest wood pellets and other agglomerates importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main importing countries, the Netherlands, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 16% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood pellets and other agglomerates import price increased by +107.3% against 2014 indices. The growth pace was the most rapid in 2017 an increase of 29% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :