Puerto Rico: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in Puerto Rico

The Puerto Rican market for wood residues, pellets and other agglomerates totaled less than $X in 2021, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Puerto Rico

In 2021, approx. less than X cubic meters of wood residues, pellets and other agglomerates were exported from Puerto Rico; standing approx. at the previous year. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, exports of wood residues, pellets and other agglomerates stood at less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, the United States (X cubic meters), distantly followed by Canada (X cubic meters), Vietnam (X cubic meters), Latvia (X cubic meters), Germany (X cubic meters) and Russia (X cubic meters) represented the key exporters of wood residues, pellets and other agglomerates, together comprising 60% of total exports. Estonia (X cubic meters), Belarus (X cubic meters), Austria (X cubic meters), Belgium (X cubic meters), Ukraine (X cubic meters), Sweden (X cubic meters) and Poland (X cubic meters) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood residues, pellets and other agglomerates exports from the United States stood at +16.3%. At the same time, Vietnam (+38.5%), Belarus (+18.7%), Latvia (+11.9%), Estonia (+11.3%), Poland (+10.4%), Sweden (+10.1%), Canada (+8.6%), Russia (+8.4%), Ukraine (+7.6%), Belgium (+5.5%), Germany (+4.4%) and Austria (+3.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +38.5% from 2012-2021. From 2012 to 2021, the share of the United States, Vietnam, Latvia and Belarus increased by +9.7, +7.3, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest wood residues, pellets and other agglomerates supplier from Puerto Rico, comprising 19% of global exports. The second position in the ranking was taken by Canada ($X), with an 8.7% share of global exports. It was followed by Vietnam, with an 8.2% share.

In the United States, exports of wood residues, pellets and other agglomerates increased at an average annual rate of +16.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Canada (+7.3% per year) and Vietnam (+40.6% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand cubic meters in 2021, stabilizing at the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per thousand cubic meters), while Belarus ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.0%), while the other leaders experienced more modest paces of growth.

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Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Puerto Rico

Imports of wood residues, pellets and other agglomerates into Puerto Rico was estimated at less than X cubic meters in 2021, almost unchanged from 2020. Overall, imports saw a relatively flat trend pattern.

In value terms, imports of wood residues, pellets and other agglomerates amounted to less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the UK (X cubic meters) was the main importer of wood residues, pellets and other agglomerates, generating 26% of total imports. South Korea (X cubic meters) held a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (9%), Japan (8.6%), the Netherlands (7.6%) and Italy (6.6%). Germany (X cubic meters), Austria (X cubic meters), Belgium (X cubic meters), France (X cubic meters), Latvia (X cubic meters), Sweden (X cubic meters) and Canada (X cubic meters) followed a long way behind the leaders.

Imports into the UK increased at an average annual rate of +22.8% from 2012 to 2021. At the same time, Japan (+49.6%), South Korea (+33.2%), Latvia (+29.2%), France (+11.9%), the Netherlands (+7.7%), Austria (+6.8%), Denmark (+4.8%) and Italy (+3.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in the world, with a CAGR of +49.6% from 2012-2021. By contrast, Germany (-1.8%), Canada (-7.8%), Belgium (-7.9%) and Sweden (-8.9%) illustrated a downward trend over the same period. The UK (+17 p.p.), South Korea (+8.3 p.p.), Japan (+8.2 p.p.) and Latvia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Canada, Denmark, Italy, Sweden, Germany and Belgium saw its share reduced by -1.9%, -3.2%, -3.6%, -6.2%, -6.3% and -12.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported wood residues, pellets and other agglomerates into Puerto Rico, comprising 29% of global imports. The second position in the ranking was taken by the Netherlands ($X), with a 9.4% share of global imports. It was followed by Japan, with a 9.3% share.

In the UK, imports of wood residues, pellets and other agglomerates expanded at an average annual rate of +22.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+10.4% per year) and Japan (+40.8% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand cubic meters in 2021, remaining stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per thousand cubic meters), while Sweden ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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