Report Hong Kong SAR, China - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 17, 2023

Hong Kong SAR, China - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Wood Pellets Market 2023

Wood Pellets Market Size in Hong Kong SAR, China

The Hong Kong wood pellets market fell remarkably to $X in 2021, shrinking by -89.3% against the previous year. Overall, consumption recorded a abrupt contraction. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Wood Pellets Production in Hong Kong SAR, China

In value terms, wood pellets production totaled less than $X in 2021 estimated in export price. Over the period under review, production showed a abrupt slump. The growth pace was the most rapid in 2014 when the production volume increased by 123% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Wood Pellets Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of wood pellets were exported from Hong Kong SAR; surging by 2.4% compared with the year before. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 3,470%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood pellets exports amounted to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 3,341%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of wood pellets exports from Hong Kong SAR.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +170.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood pellets exported from Hong Kong SAR were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X).

Japan, with a CAGR of +90.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood pellets export price amounted to $X per ton, which is down by -2.3% against the previous year. Over the period under review, the export price saw a abrupt slump. The growth pace was the most rapid in 2018 when the average export price decreased by -1.8% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-5.3%), while the prices for the other major destinations experienced a decline.

Wood Pellets Imports

Imports into Hong Kong SAR, China

After two years of growth, supplies from abroad of wood pellets decreased by -93.8% to X tons in 2021. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 378% against the previous year. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, wood pellets imports shrank remarkably to $X in 2021. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 76%. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of wood pellets to Hong Kong SAR, with a 56% share of total imports. Moreover, wood pellets imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. Ukraine (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-13.1% per year) and Ukraine (+4.0% per year).

In value terms, Germany ($X) constituted the largest supplier of wood pellets to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was held by Poland ($X), with a 4.2% share of total imports. It was followed by Ukraine, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-16.6% per year) and Ukraine (+6.3% per year).

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2021, growing by 115% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for wood pellets in the world?
+
The UK remains the largest wood pellets consuming country worldwide, accounting for 23% of total volume. Moreover, wood pellets consumption in the UK exceeded the figures recorded by the second-largest consumer, South Korea, threefold. Japan ranked third in terms of total consumption with a 7.8% share.
What are the largest producers of wood pellets in the world?
+
The United States constituted the country with the largest volume of wood pellets production, comprising approx. 19% of total volume. Moreover, wood pellets production in the United States exceeded the figures recorded by the second-largest producer, Vietnam, twofold. The third position in this ranking was held by Canada, with an 8% share.
What are the leading suppliers of wood pellets to Hong Kong SAR, China?
+
In value terms, Germany constituted the largest supplier of wood pellets to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was held by Poland, with a 4.2% share of total imports. It was followed by Ukraine, with a 3.5% share.
What are the leading importers of wood pellets from Hong Kong SAR, China?
+
In value terms, the largest markets for wood pellets exported from Hong Kong SAR were Japan, South Korea and Taiwan Chinese).
What is the average export price for wood pellets in Hong Kong SAR, China?
+
In 2021, the average wood pellets export price amounted to $74 per ton, shrinking by -2.3% against the previous year.
What is the average import price for wood pellets in Hong Kong SAR, China?
+
In 2021, the average wood pellets import price amounted to $642 per ton, with an increase of 115% against the previous year.

This report provides an in-depth analysis of the wood pellets market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 1693 - Wood pellets
Country coverage:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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