EU: Densified Wood Market 2024

Densified Wood Market Size in the EU

In 2022, the EU densified wood market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Densified Wood Production in the EU

In value terms, densified wood production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Densified Wood Exports

Exports in the EU

For the fifth consecutive year, the European Union recorded growth in overseas shipments of densified wood, which increased by X% to X tons in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its volume 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, exports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, densified wood exports soared to $X in 2022. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Latvia (X tons), distantly followed by Poland (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons) and Croatia (X tons) represented the largest exporters of densified wood, together committing X% of total exports. Romania (X tons), Spain (X tons), Italy (X tons), Estonia (X tons), France (X tons) and Bulgaria (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 Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Latvia, Croatia, Italy, Belgium, Spain, Estonia, France, Romania and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Densified Wood Imports

Imports in the EU

In 2022, imports of densified wood in the European Union was estimated at X tons, approximately equating 2021. Overall, imports showed a strong increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, densified wood imports skyrocketed to $X in 2022. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) represented the main importer of densified wood, achieving X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by France (X%), Denmark (X%) and Poland (X%). The following importers - Italy (X tons), Spain (X tons), Belgium (X tons), Hungary (X tons), Lithuania (X tons), Portugal (X tons) and Romania (X tons) - together made up X% of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%), Hungary (X%), Germany (X%), Poland (X%), France (X%), Portugal (X%), Romania (X%), Denmark (X%), Spain (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of Germany, Lithuania, the Netherlands, France, Poland and Hungary increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest densified wood importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Poland, Italy, Denmark, Belgium, Spain, Hungary, Lithuania, Portugal and Romania lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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