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

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

In 2022, the Norwegian market for wood residues, pellets and other agglomerates was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wood Residues, Pellets And Other Agglomerates in Norway

In value terms, production of wood residues, pellets and other agglomerates expanded sharply to $X in 2022 estimated in export price. In general, production showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Norway

In 2022, shipments abroad of wood residues, pellets and other agglomerates decreased by X% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2021, and then contracted notably in the following year.

In value terms, exports of wood residues, pellets and other agglomerates fell rapidly to $X in 2022. In general, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Denmark (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Norway, accounting for a X% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to Denmark exceeded the volume sent to the second major destination, Sweden (X cubic meters), fourfold. Belgium (X cubic meters) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (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, rising by X% against the previous year. Over the period under review, the export price posted prominent growth. 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 Belgium ($X per cubic meter), while the average price for exports to Germany (less than $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 Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Norway

In 2022, the amount of wood residues, pellets and other agglomerates imported into Norway contracted notably to X cubic meters, waning by X% on the previous year's figure. Over the period under review, imports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports of reached the maximum at X cubic meters in 2021, and then contracted rapidly in the following year.

In value terms, imports of wood residues, pellets and other agglomerates declined remarkably to $X in 2022. Overall, imports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Sweden (X cubic meters) constituted the largest wood residues, pellets and other agglomerates supplier to Norway, with a X% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from Sweden exceeded the figures recorded by the second-largest supplier, Denmark (X cubic meters), fivefold. Latvia (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Latvia (X% per year).

In value terms, Sweden ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Norway, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Latvia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Latvia (X% per year).

Import Prices by Country

The average import price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 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 Denmark ($X per cubic meter), while the price for Sweden ($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 Estonia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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