Ireland: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Ireland

The Irish market for wood chips, parts, residues, pellets and other agglomerates declined significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a precipitous descent. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Ireland

In value terms, production of wood chips, parts, residues, pellets and other agglomerates rose modestly to $X in 2022 estimated in export price. In general, production saw a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Ireland

In 2022, the amount of wood chips, parts, residues, pellets and other agglomerates exported from Ireland reached X cubic meters, picking up by X% on 2021 figures. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates rose remarkably to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Ireland, accounting for a X% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to the UK exceeded the volume sent to the second major destination, Belgium (X cubic meters), tenfold. The third position in this ranking was taken by Denmark (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Denmark (X% per year).

In value terms, the UK ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Belgium (X% per year).

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2022, standing approx. at the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per cubic meter), while the average price for exports to Belgium ($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 Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Ireland

In 2022, imports of wood chips, parts, residues, pellets and other agglomerates into Ireland totaled X cubic meters, flattening at the year before. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates shrank to $X in 2022. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest wood chips, parts, residues, pellets and other agglomerates supplier to Ireland, with a X% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Russia exceeded the figures recorded by the second-largest supplier, the UK (X cubic meters), twofold. The Netherlands (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X% per year).

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Ireland were Russia ($X), the Netherlands ($X) and the UK ($X), together comprising X% of total imports.

Among the main suppliers, Russia, with a CAGR of X%, recorded the highest growth rate of 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

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2022, waning by X% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price 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, import price for wood chips, parts, residues, pellets and other agglomerates decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per cubic meter), while the price for Russia ($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 Cameroon (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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