Northern America: Densified Wood Market 2024

Densified Wood Market Size in Northern America

The North American densified wood market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2017; afterwards, it flattened through to 2022.

Densified Wood Production in Northern America

In value terms, densified wood production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Densified Wood Exports

Exports in Northern America

In 2022, overseas shipments of densified wood increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, densified wood exports soared to $X in 2022. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

The United States was also the fastest-growing in terms of the densified wood exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) remains the largest densified wood supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Densified Wood Imports

Imports in Northern America

For the fifth consecutive year, Northern America recorded growth in purchases abroad of densified wood, which increased by X% to X tons in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, densified wood imports skyrocketed to $X in 2022. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States was the major importer of densified wood in Northern America, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Canada (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Greenland (X%).

The United States was also the fastest-growing in terms of the densified wood imports, with a CAGR of X% from 2012 to 2022. At the same time, Greenland (X%) and Canada (X%) displayed positive paces of growth. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Greenland and Canada saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported densified wood in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, densified wood imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (X% per year) and Greenland (X% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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