Eastern Asia: Market for Wood Chips, Particles And Residues 2024

Market Size for Wood Chips, Particles And Residues in Eastern Asia

The East Asian market for wood chips, particles and residues totaled $X in 2021, remaining constant against the previous year. Overall, consumption recorded resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Wood Chips, Particles And Residues in Eastern Asia

In value terms, wood chips, particles and residues production contracted significantly to $X in 2021 estimated in export price. In general, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank rapidly in the following year.

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Exports of Wood Chips, Particles And Residues

Exports in Eastern Asia

In 2021, overseas shipments of wood chips, particles and residues decreased by X% to X cubic meters, falling for the sixth year in a row after four years of growth. Over the period under review, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, wood chips, particles and residues exports declined rapidly to $X in 2021. In general, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X cubic meters) was the largest exporter of wood chips, particles and residues, committing X% of total exports. It was distantly followed by Japan (X cubic meters), generating a X% share of total exports. Democratic People's Republic of Korea (X cubic meters), Taiwan (Chinese) (X cubic meters), South Korea (X cubic meters) and Hong Kong SAR (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wood chips, particles and residues exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (X%), Democratic People's Republic of Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (X p.p.), Hong Kong SAR (X p.p.) and Democratic People's Republic of Korea (X p.p.) displayed negative dynamics.

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

In China, wood chips, particles and residues exports shrank by an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2021, 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, Particles And Residues

Imports in Eastern Asia

In 2021, overseas purchases of wood chips, particles and residues were finally on the rise to reach X cubic meters after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood chips, particles and residues imports amounted to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X cubic meters) and Japan (X cubic meters) dominates imports structure, together comprising X% of total imports. The following importers - Taiwan (Chinese) (X cubic meters) and South Korea (X cubic meters) - each resulted at a X% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest wood chips, particles and residues importing markets in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

In terms of 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 a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per cubic meter, with a decrease of X% against the previous year. Overall, the import price saw a pronounced reduction. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the maximum 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 China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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