Overview of the Global Market for Wood Pellets And Other Agglomerates

Market Size for Wood Pellets And Other Agglomerates

In 2022, after six years of growth, there was significant decline in the global market for wood pellets and other agglomerates, when its value decreased by X% to $X. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption increased by X% against 2015 indices. Over the period under review, the global market attained the maximum level at $X in 2021, and then dropped in the following year.

Production of Wood Pellets And Other Agglomerates

In value terms, wood pellets and other agglomerates production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value 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, production decreased by X% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Wood Pellets And Other Agglomerates

Exports

For the fifth year in a row, the global market recorded growth in shipments abroad of wood pellets and other agglomerates, which increased by X% to X tons in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wood pellets and other agglomerates exports skyrocketed to $X in 2022. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States was the major exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Canada (X tons), Russia (X tons), Vietnam (X tons) and Latvia (X tons), together achieving a X% share of total exports. Estonia (X tons), Germany (X tons), Ukraine (X tons), Malaysia (X tons), Belgium (X tons), Austria (X tons), Belarus (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood pellets and other agglomerates exports from the United States stood at X%. At the same time, Vietnam (X%), Ukraine (X%), Malaysia (X%), Belarus (X%), Estonia (X%), Russia (X%), Canada (X%), Lithuania (X%), Latvia (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Vietnam (X p.p.), Ukraine (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Austria (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Vietnam, with a CAGR of X%, recorded 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

In 2022, the average export price for wood pellets and other agglomerates amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while Belarus ($X per ton) 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 global leaders experienced more modest paces of growth.

Imports of Wood Pellets And Other Agglomerates

Imports

For the fifth year in a row, the global market recorded growth in overseas purchases of wood pellets and other agglomerates, which increased by X% to X tons in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, wood pellets and other agglomerates imports skyrocketed to $X in 2022. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X tons), distantly followed by Japan (X tons), South Korea (X tons), Italy (X tons), the Netherlands (X tons) and Denmark (X tons) were the largest importers of wood pellets and other agglomerates, together achieving X% of total imports. Belgium (X tons), France (X tons), Sweden (X tons), Germany (X tons) and Austria (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest wood pellets and other agglomerates importing markets worldwide were the UK ($X), Italy ($X) and Japan ($X), together comprising X% of global imports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood pellets and other agglomerates stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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