South-Eastern Asia: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in South-Eastern Asia

In 2022, the Southeast Asian market for wood residues, pellets and other agglomerates increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw significant growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Wood Residues, Pellets And Other Agglomerates in South-Eastern Asia

In value terms, production of wood residues, pellets and other agglomerates shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Wood Residues, Pellets And Other Agglomerates

Exports in South-Eastern Asia

In 2022, shipments abroad of wood residues, pellets and other agglomerates decreased by X% to X cubic meters, falling for the second consecutive year after five years of growth. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of hit record highs at X cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of wood residues, pellets and other agglomerates declined modestly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Vietnam (X cubic meters) represented the main exporter of wood residues, pellets and other agglomerates, generating X% of total exports. It was distantly followed by Malaysia (X cubic meters), generating an X% share of total exports. Thailand (X cubic meters) and Indonesia (X cubic meters) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the wood residues, pellets and other agglomerates exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Vietnam increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood residues, pellets and other agglomerates supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per cubic meter in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a slight curtailment. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per cubic meter), while Malaysia ($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 other leaders experienced mixed trends in the export price figures.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in South-Eastern Asia

In 2022, imports of wood residues, pellets and other agglomerates in South-Eastern Asia fell markedly to X cubic meters, with a decrease of X% against 2021. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wood residues, pellets and other agglomerates shrank significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Thailand (X cubic meters) represented the key importer of wood residues, pellets and other agglomerates, mixing up X% of total imports. It was distantly followed by Cambodia (X cubic meters), the Philippines (X cubic meters), Vietnam (X cubic meters) and Singapore (X cubic meters), together making up a X% share of total imports. The following importers - Indonesia (X cubic meters) and Malaysia (X cubic meters) - each resulted at a X% share of total imports.

Imports into Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Indonesia (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Cambodia (X p.p.), the Philippines (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the Philippines ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Cambodia, Singapore, Malaysia and Vietnam lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per cubic meter, rising by X% against the previous year. Import 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, import price for wood residues, pellets and other agglomerates increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per cubic meter), while Thailand ($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 Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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