Wood Dryer Market

The global market for dryers for wood, paper pulp, paper, or paperboard is expected to continue growing over the next eight years, with a forecasted increase in both volume and value. Consumption trends show fluctuations with significant declines in some years, while key consuming countries include Jordan, Kuwait, and China. Production and imports also show fluctuations, with notable growth in some countries like Uganda and the Philippines. Export prices vary by country, with Taiwan (Chinese) as the largest exporter. The market is dynamic with fluctuations in prices, production, and consumption trends.

Market Forecast

Driven by increasing demand for dryers for wood, paper pulp, paper or paperboard worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +7.5% for the period from 2022 to 2030, which is projected to bring the market volume to 112K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.6% for the period from 2022 to 2030, which is projected to bring the market value to $1.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Dryers For Wood, Paper Pulp, Paper Or Paperboard

In 2022, after two years of growth, there was significant decline in consumption of dryers for wood, paper pulp, paper or paperboard, when its volume decreased by -53.7% to 63K units. In general, consumption, however, recorded mild growth. As a result, consumption reached the peak volume of 137K units, and then fell significantly in the following year.

The global wood dryer market size shrank significantly to $780M in 2022, waning by -31.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $1.1B in 2021, and then declined rapidly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Jordan (17K units), Kuwait (14K units) and China (6.2K units), together comprising 59% of global consumption. Finland, Germany, Italy, Austria, Sweden, Spain, Brazil, Uganda and the Philippines lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +21.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Jordan ($112M), China ($103M) and Kuwait ($93M) appeared to be the countries with the highest levels of market value in 2022, with a combined 40% share of the global market. Austria, Sweden, Brazil, Germany, Finland, Italy, Spain, Uganda and the Philippines lagged somewhat behind, together comprising a further 37%.

In terms of the main consuming countries, Germany, with a CAGR of +20.1%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of wood dryer per capita consumption was registered in Kuwait (3,285 units per million persons), followed by Jordan (1,618 units per million persons), Finland (876 units per million persons) and Austria (213 units per million persons), while the world average per capita consumption of wood dryer was estimated at 8 units per million persons.

In Kuwait, wood dryer per capita consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (-0.1% per year) and Finland (+8.0% per year).

Production

World Production of Dryers For Wood, Paper Pulp, Paper Or Paperboard

In 2022, the amount of dryers for wood, paper pulp, paper or paperboard produced worldwide totaled 61K units, leveling off at the previous year. The total output volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 3% against the previous year. Over the period under review, global production attained the maximum volume in 2022 and is likely to see gradual growth in the near future.

In value terms, wood dryer production reduced to $674M in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, production reached the peak level of $738M, and then shrank in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were Jordan (17K units), Kuwait (14K units) and China (6.2K units), with a combined 61% share of global production. Finland, Germany, Italy, Austria, Sweden, Spain, Brazil and Uganda lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Uganda (with a CAGR of +3.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Dryers For Wood, Paper Pulp, Paper Or Paperboard

In 2022, approx. 2.6K units of dryers for wood, paper pulp, paper or paperboard were imported worldwide; which is down by -97.1% against 2021 figures. In general, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 533% against the previous year. As a result, imports reached the peak of 90K units, and then fell rapidly in the following year.

In value terms, wood dryer imports declined notably to $45M in 2022. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of $450M, and then reduced rapidly in the following year.

Imports By Country

In 2022, the Philippines (1.1K units) represented the major importer of dryers for wood, paper pulp, paper or paperboard, generating 42% of total imports. It was distantly followed by Japan (231 units), mixing up an 8.8% share of total imports. The following importers - Qatar (114 units), Norway (102 units), the United Arab Emirates (101 units), Ukraine (83 units), Peru (59 units), Gabon (55 units), Argentina (51 units) and Cambodia (40 units) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood dryer imports into the Philippines stood at +23.5%. At the same time, Ukraine (+32.4%), Cambodia (+25.9%), the United Arab Emirates (+12.2%), Peru (+5.7%), Norway (+5.3%) and Japan (+4.9%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in the world, with a CAGR of +32.4% from 2012-2022. Gabon experienced a relatively flat trend pattern. By contrast, Argentina (-10.5%) and Qatar (-35.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Japan, the United Arab Emirates, Norway, Ukraine, Peru, Gabon and Cambodia increased by +41, +8.1, +3.7, +3.6, +3.1, +2.1, +1.8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($8.9M), Argentina ($6.6M) and Ukraine ($3.7M) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of global imports.

Among the main importing countries, Argentina, with a CAGR of +22.9%, saw 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 dryer import price stood at $17,132 per unit in 2022, increasing by 242% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $22,749 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($129,987 per unit), while the Philippines ($301 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+37.3%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Dryers For Wood, Paper Pulp, Paper Or Paperboard

In 2022, approx. 685 units of dryers for wood, paper pulp, paper or paperboard were exported worldwide; dropping by -95.1% on the year before. Overall, exports saw a dramatic decline. The growth pace was the most rapid in 2019 with an increase of 81%. As a result, the exports attained the peak of 29K units. From 2020 to 2022, the growth of the global exports remained at a lower figure.

In value terms, wood dryer exports reduced notably to $8.4M in 2022. In general, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by 31%. Over the period under review, the global exports attained the peak figure at $452M in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Taiwan (Chinese) (207 units), distantly followed by Armenia (128 units), India (116 units) and Jordan (37 units) were the major exporters of dryers for wood, paper pulp, paper or paperboard, together making up 71% of total exports. The following exporters - Ecuador (25 units), the United Arab Emirates (20 units), Uganda (20 units), South Korea (19 units), North Macedonia (16 units), Singapore (16 units), Ukraine (13 units) and Belarus (11 units) - together made up 20% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Jordan (with a CAGR of +43.5%), while the other global leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($5.7M) remains the largest wood dryer supplier worldwide, comprising 68% of global exports. The second position in the ranking was held by South Korea ($594K), with a 7% share of global exports. It was followed by Ukraine, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Taiwan (Chinese) amounted to -2.0%. In the other countries, the average annual rates were as follows: South Korea (+1.6% per year) and Ukraine (-5.7% per year).

Export Prices By Country

The average wood dryer export price stood at $12,312 per unit in 2022, falling by -62.1% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 118% against the previous year. As a result, the export price attained the peak level of $32,536 per unit. From 2021 to 2022, the average 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 Ukraine ($32,249 per unit), while Armenia ($1,013 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+46.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform