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

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

The Irish market for wood residues, pellets and other agglomerates declined dramatically to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient expansion. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Ireland

In value terms, production of wood residues, pellets and other agglomerates totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Ireland

In 2022, shipments abroad of wood residues, pellets and other agglomerates was finally on the rise to reach X cubic meters after two years of decline. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of wood residues, pellets and other agglomerates expanded notably to $X in 2022. Overall, exports enjoyed 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 reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Ireland, with a X% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to the UK exceeded the volume sent to the second major destination, Denmark (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at 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).

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

From 2012 to 2022, the average annual growth rate of value to the UK stood at 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 residues, pellets and other agglomerates stood at $X per cubic meter in 2022, waning by X% against the previous year. In general, the export price, however, showed a significant increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to the UK ($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 the Netherlands (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 Ireland

In 2022, imports of wood residues, pellets and other agglomerates into Ireland declined to X cubic meters, which is down by X% on the previous year's figure. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports of attained the maximum at X cubic meters in 2021, and then declined in the following year.

In value terms, imports of wood residues, pellets and other agglomerates amounted to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Russia (X cubic meters), the UK (X cubic meters) and Denmark (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to Ireland, with a combined X% share of total imports. Poland, the Netherlands, Latvia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Ireland, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at 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).

Import Prices by Country

In 2022, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, increasing by X% against the previous year. In general, import price indicated tangible 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 residues, pellets and other agglomerates increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform

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