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

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

In 2022, the ASEAN 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. In general, consumption continues to indicate significant growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Wood Residues, Pellets And Other Agglomerates in ASEAN

In value terms, production of wood residues, pellets and other agglomerates declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in ASEAN

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. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wood residues, pellets and other agglomerates shrank modestly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam represented the largest exporting country with an export of around X cubic meters, which accounted for X% of total exports. It was distantly followed by Malaysia (X cubic meters), making up an X% share of total exports. Thailand (X cubic meters) and Indonesia (X cubic meters) took a minor share of total exports.

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. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood residues, pellets and other agglomerates supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($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 stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 ASEAN

Imports of wood residues, pellets and other agglomerates fell rapidly to X cubic meters in 2022, with a decrease of X% compared with the year before. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid 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 declined sharply to $X in 2022. In general, imports saw 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 failed to regain momentum.

Imports by Country

Thailand represented the largest importer of wood residues, pellets and other agglomerates in ASEAN, with the volume of imports recording X cubic meters, which was approx. X% of total imports in 2022. Cambodia (X cubic meters) took the second position in the ranking, followed by the Philippines (X cubic meters), Vietnam (X cubic meters) and Singapore (X cubic meters). All these countries together held approx. X% share of total imports. The following importers - Indonesia (X cubic meters) and Malaysia (X cubic meters) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood residues, pellets and other agglomerates imports into Thailand stood at X%. 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 ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Cambodia (X p.p.), the Philippines (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

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

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 ASEAN amounted to $X per cubic meter, jumping by X% against the previous year. Import price indicated a remarkable 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.

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 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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