Serbia: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Serbia

For the fourth year in a row, the Serbian market for wood chips, parts, residues, pellets and other agglomerates recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Serbia

In value terms, production of wood chips, parts, residues, pellets and other agglomerates amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Serbia

In 2022, approx. X cubic meters of wood chips, parts, residues, pellets and other agglomerates were exported from Serbia; which is down by X% on the previous year's figure. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates fell rapidly to $X in 2022. Overall, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

North Macedonia (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Serbia, accounting for a X% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to North Macedonia exceeded the volume sent to the second major destination, Germany (X cubic meters), more than tenfold. Italy (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to North Macedonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

In value terms, North Macedonia ($X) remains the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to North Macedonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2022, growing by X% against the previous year. Overall, export price indicated tangible growth 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, export price for wood chips, parts, residues, pellets and other agglomerates increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Bosnia and Herzegovina (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Serbia

After two years of growth, supplies from abroad of wood chips, parts, residues, pellets and other agglomerates decreased by X% to X cubic meters in 2022. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports of attained the peak figure at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Bosnia and Herzegovina (X cubic meters), Croatia (X cubic meters) and Montenegro (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Serbia, with a combined X% share of total imports. Ukraine and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, Bosnia and Herzegovina ($X), Croatia ($X) and Montenegro ($X) appeared to be the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Serbia, with a combined X% share of total imports. Ukraine and Russia lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wood chips, parts, residues, pellets and other agglomerates amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, the import price showed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per cubic meter) and Croatia ($X per cubic meter), while the price for Ukraine ($X per cubic meter) and Bosnia and Herzegovina ($X per cubic meter) were amongst the lowest.

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

Source: IndexBox Platform

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