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

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

In 2022, the Vietnamese market for wood residues, pellets and other agglomerates increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Wood Residues, Pellets And Other Agglomerates in Vietnam

In value terms, production of wood residues, pellets and other agglomerates reduced to $X in 2022 estimated in export price. In general, production, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Vietnam

In 2022, overseas shipments of wood residues, pellets and other agglomerates decreased by X% to X cubic meters, falling for the second year in a row after five years of growth. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X cubic meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of wood residues, pellets and other agglomerates expanded to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

South Korea (X cubic meters) and Japan (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from Vietnam.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%).

In value terms, the largest markets for wood residues, pellets and other agglomerates exported from Vietnam were South Korea ($X) and Japan ($X).

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to Japan stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%).

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Vietnam

In 2022, purchases abroad of wood residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the second year in a row after three years of decline. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports of attained the maximum at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of wood residues, pellets and other agglomerates stood at $X in 2022. Overall, imports saw tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of 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

China (X cubic meters), Germany (X cubic meters) and Thailand (X cubic meters) were the main suppliers of imports of wood residues, pellets and other agglomerates to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues, pellets and other agglomerates suppliers to Vietnam were China ($X), Germany ($X) and Thailand ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to 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 residues, pellets and other agglomerates stood at $X per cubic meter in 2022, remaining stable against the previous year. Over the period under review, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. 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 stood at a somewhat lower figure.

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 the United States ($X per cubic meter), while the price for Thailand ($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 the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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