Global Wood Barrel Market 2023

Wood Barrel Market Size

In 2022, after two years of growth, there was significant decline in the global wood barrel market, when its value decreased by -6.7% to $X. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level at $X in 2021, and then shrank in the following year.

Wood Barrel Production

In value terms, wood barrel production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, global production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wood Barrel Exports

Exports

Global wood barrel exports surged to X units in 2022, growing by 54% compared with the previous year's figure. Over the period under review, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood barrel exports surged to $X in 2022. The total export value increased at an average annual rate of +5.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the major exporting country with an export of about X units, which recorded 59% of total exports. France (X units) took the second position in the ranking, distantly followed by Spain (X units). All these countries together held near 26% share of total exports. The UK (X units) took a relatively small share of total exports.

The United States was also the fastest-growing in terms of the casks, barrels, vats, tubs, and coopers products of wood exports, with a CAGR of +26.1% from 2012 to 2022. At the same time, Spain (+9.3%), the UK (+4.1%) and France (+3.0%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +40 percentage points.

In value terms, France ($X), the United States ($X) and Spain ($X) were the countries with the highest levels of exports in 2022, with a combined 85% share of global exports.

Spain, with a CAGR of +12.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood barrel export price stood at $X per unit in 2022, waning by -24.1% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 4.4%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 France ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the other global leaders experienced mixed trends in the export price figures.

Wood Barrel Imports

Imports

In 2022, global wood barrel imports skyrocketed to X units, growing by 48% against 2021 figures. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood barrel imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of about X units, which finished at 45% of total imports. It was distantly followed by the UK (X units), Ireland (X units) and Mexico (X units), together creating a 29% share of total imports. France (X units), Japan (X units), Spain (X units), Australia (X units) and China (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood barrel imports into the United States stood at +19.8%. At the same time, Mexico (+31.9%), China (+14.5%), Ireland (+11.0%), France (+9.8%), Australia (+8.8%), Spain (+6.3%), Japan (+4.2%) and the UK (+2.3%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in the world, with a CAGR of +31.9% from 2012-2022. While the share of the United States (+26 p.p.) and Mexico (+4.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Japan (-2.5 p.p.) and the UK (-18.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), the UK ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 49% of global imports. Mexico, France, Japan, Australia, Ireland and China lagged somewhat behind, together comprising a further 26%.

Among the main importing countries, Mexico, with a CAGR of +31.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, which is down by -17.5% against the previous year. Overall, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 3.2% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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