India: Wood Pellets Market 2023

Wood Pellets Market Size in India

The Indian wood pellets market skyrocketed to $X in 2021, with an increase of 73% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Wood Pellets Exports

Exports from India

In 2021, wood pellets exports from India soared to X tons, rising by 72% against the year before. Over the period under review, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 387%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood pellets exports surged to $X in 2021. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 148%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Nepal (X tons) was the main destination for wood pellets exports from India, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nepal stood at +98.9%.

In value terms, Nepal ($X) emerged as the key foreign market for wood pellets exports from India.

From 2012 to 2021, the average annual growth rate of value to Nepal totaled +53.5%.

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 571%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nepal.

From 2012 to 2021, the rate of growth in terms of prices for Bahrain amounted to +1.1% per year.

Wood Pellets Imports

Imports into India

In 2021, wood pellets imports into India soared to X tons, rising by 63% against 2020 figures. Overall, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by 656%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wood pellets imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep slump. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of wood pellets to India, with a 71% share of total imports. Moreover, wood pellets imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 3.1% share.

From 2013 to 2021, the average annual growth rate of volume from Indonesia stood at +55.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+32.5% per year) and Italy (+20.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of wood pellets to India, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 25% share of total imports. It was followed by Vietnam, with a 21% share.

From 2013 to 2021, the average annual growth rate of value from Indonesia totaled +72.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.5% per year) and Vietnam (+49.2% per year).

Import Prices by Country

In 2021, the average wood pellets import price amounted to $X per ton, increasing by 6.8% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 375% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Nepal ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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