Eastern Asia: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Eastern Asia

The East Asian wood chips and particles market expanded rapidly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Wood Chips And Particles in Eastern Asia

In value terms, wood chips and particles production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Wood Chips And Particles

Exports in Eastern Asia

In 2022, approx. X cubic meters of wood chips and particles were exported in Eastern Asia; surging by X% compared with the year before. Overall, exports recorded moderate growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood chips and particles exports surged to $X in 2022. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, China (X cubic meters) was the key exporter of wood chips and particles, generating X% of total exports. Taiwan (Chinese) (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Japan (X%) and Democratic People's Republic of Korea (X%). Hong Kong SAR (X cubic meters) followed a long way behind the leaders.

China was also the fastest-growing in terms of the wood chips and particles exports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%), Japan (X%) and Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.), Democratic People's Republic of Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest wood chips and particles supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, wood chips and particles exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Hong Kong SAR ($X per cubic meter), while Democratic People's Republic of Korea ($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 Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Imports of Wood Chips And Particles

Imports in Eastern Asia

In 2022, supplies from abroad of wood chips and particles increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, wood chips and particles imports surged to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X cubic meters) represented the major importer of wood chips and particles, mixing up X% of total imports. It was distantly followed by Japan (X cubic meters), generating a X% share of total imports. The following importers - South Korea (X cubic meters) and Taiwan (Chinese) (X cubic meters) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in Eastern Asia amounted to $X per cubic meter, increasing by X% against the previous year. Over the period under review, 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per cubic meter), while Taiwan (Chinese) ($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 South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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