India: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in India

The Indian market for wood residues, pellets and other agglomerates surged to $X in 2022, growing by X% 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). Over the period under review, consumption recorded resilient growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from India

In 2022, after two years of growth, there was significant decline in overseas shipments of wood residues, pellets and other agglomerates, when their volume decreased by X% to X cubic meters. In general, exports showed a deep setback. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of wood residues, pellets and other agglomerates fell significantly to $X in 2022. Overall, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Nepal (X cubic meters), Egypt (X cubic meters) and the United Arab Emirates (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from India, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood residues, pellets and other agglomerates exported from India were Egypt ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total exports.

Among the main countries of destination, Egypt, 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 average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, rising by X% against the previous year. In general, the export price showed tangible growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Nepal (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into India

In 2022, purchases abroad of wood residues, pellets and other agglomerates was finally on the rise to reach X cubic meters after two years of decline. In general, imports saw a strong increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of wood residues, pellets and other agglomerates soared to $X in 2022. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X cubic meters), China (X cubic meters) and Germany (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to India, with a combined X% share of total imports. Indonesia, the United States, Singapore, France, Taiwan (Chinese), Italy and Bangladesh lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues, pellets and other agglomerates suppliers to India were Vietnam ($X), China ($X) and Indonesia ($X), together accounting for X% of total imports. Germany, Italy, the United States, Taiwan (Chinese), France, Singapore and Bangladesh lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, France, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Singapore ($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 Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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