Luxembourg: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2021

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

After five years of growth, the Luxembourg market for wood chips, parts, residues, pellets and other agglomerates decreased by -X% to $X in 2020. Over the period under review, consumption recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market remained at a lower figure.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates totaled $X in 2020 estimated in export prices. Overall, production showed a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. Production peaked in 2020 and is expected to retain growth in years to come.

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

Exports from Luxembourg

After five years of decline, shipments abroad of wood chips, parts, residues, pellets and other agglomerates increased by X% to X cubic meters in 2020. Over the period under review, exports, however, showed a drastic downturn. Over the period under review, exports hit record highs at X cubic meters in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates surged to $X in 2020. In general, exports, however, continue to indicate a pronounced setback. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

Belgium (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Luxembourg, with a X% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to Belgium exceeded the volume sent to the second major destination, Germany (X cubic meters), twofold. France (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Belgium stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and France (-X% per year).

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the largest markets for wood chips, parts, residues, pellets and other agglomerates exported from Luxembourg worldwide, together comprising X% of total exports.

Germany recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per thousand cubic meters in 2020, remaining stable against the previous year. Overall, the export price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per thousand cubic meters in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was France ($X per thousand cubic meters), while the average price for exports to Belgium ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Luxembourg

In 2020, after four years of growth, there was significant decline in overseas purchases of wood chips, parts, residues, pellets and other agglomerates, when their volume decreased by -X% to X cubic meters. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X cubic meters in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates dropped dramatically to $X in 2020. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Germany (X cubic meters) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Luxembourg, with a X% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and France (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Luxembourg, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and France (-X% per year).

Import Prices by Country

In 2020, the average import price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per thousand cubic meters, rising by X% against the previous year. Over the period under review, the import price saw a remarkable increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per thousand cubic meters), while the price for France ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform