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

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

In 2022, the Thai market for wood chips, parts, residues, pellets and other agglomerates decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a significant increase. Consumption of peaked at $X in 2021, and then shrank in the following year.

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

In value terms, production of wood chips, parts, residues, pellets and other agglomerates fell markedly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of X%. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from Thailand

In 2022, the amount of wood chips, parts, residues, pellets and other agglomerates exported from Thailand rose significantly to X cubic meters, picking up by X% compared with the year before. Over the period under review, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2022. In general, exports posted a measured expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X cubic meters), Japan (X cubic meters) and Lao People's Democratic Republic (X cubic meters) were the main destinations of exports of wood chips, parts, residues, pellets and other agglomerates from Thailand, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wood chips, parts, residues, pellets and other agglomerates exported from Thailand were China ($X), Japan ($X) and Lao People's Democratic Republic ($X), together comprising X% of total exports.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, increasing by X% against the previous year. In general, export price indicated a buoyant 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, export price for wood chips, parts, residues, pellets and other agglomerates increased by X% against 2016 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 South Korea ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($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 Japan (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 Thailand

In 2022, purchases abroad of wood chips, parts, residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates fell remarkably to $X in 2022. Over the period under review, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X cubic meters), Cambodia (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Thailand, together accounting for X% of total imports.

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

In value terms, the largest wood chips, parts, residues, pellets and other agglomerates suppliers to Thailand were Singapore ($X), Cambodia ($X) and Malaysia ($X), together accounting for X% of total imports.

Among the main suppliers, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per thousand cubic meters in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a slight descent. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per thousand cubic meters in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per thousand cubic meters), while the price for Lao People's Democratic Republic ($X per thousand cubic meters) was amongst the lowest.

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

Source: IndexBox Platform

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