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

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

The Malaysian market for wood chips, parts, residues, pellets and other agglomerates surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates rose modestly to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Malaysia

In 2022, shipments abroad of wood chips, parts, residues, pellets and other agglomerates decreased by X% to X cubic meters, falling for the fourth year in a row after three years of growth. Overall, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates reduced to $X in 2022. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Japan (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Malaysia, with a X% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to Japan exceeded the volume sent to the second major destination, South Korea (X cubic meters), twofold. The third position in this ranking was held by China (X cubic meters), with a X% share.

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

In value terms, the largest markets for wood chips, parts, residues, pellets and other agglomerates exported from Malaysia were Japan ($X), South Korea ($X) and China ($X), together accounting for X% of total exports. Indonesia, Taiwan (Chinese), Turkey, the Netherlands and Thailand lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, picking up by X% against the previous year. Over the period under review, export price indicated a buoyant increase 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, export price for wood chips, parts, residues, pellets and other agglomerates increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per cubic meter), while the average price for exports to Japan ($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 Turkey (X%), 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 Malaysia

In 2022, imports of wood chips, parts, residues, pellets and other agglomerates into Malaysia shrank significantly to X cubic meters, waning by X% compared with 2021 figures. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports of attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates fell dramatically to $X in 2022. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X cubic meters) constituted the largest wood chips, parts, residues, pellets and other agglomerates supplier to Malaysia, accounting for a X% share of total imports. Moreover, imports of wood chips, parts, residues, pellets and other agglomerates from China exceeded the figures recorded by the second-largest supplier, Vietnam (X cubic meters), sevenfold. Germany (X cubic meters) ranked third in terms of total imports with a X% share.

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

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Malaysia were Vietnam ($X), China ($X) and Germany ($X), together accounting for X% of total imports. The Philippines, Singapore, Taiwan (Chinese), Indonesia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Philippines, 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 mixed trend patterns.

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, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per cubic meter. From 2014 to 2022, the average import prices failed to regain momentum.

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 Vietnam ($X per cubic meter), while the price for Indonesia ($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 Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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