Market Size for Wood Chips and Particles in Canada - 2022

Wood Chips and Particles Consumption in Canada - 2022

In 2022, consumption of wood chips and particles decreased by -6.3% to 17M cubic meters, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of 3.8% against the previous year. As a result, consumption attained the peak volume of 23M cubic meters. From 2019 to 2022, the growth of the consumption failed to regain momentum.

The revenue of the wood chips and particles market in Canada shrank to $550M in 2022, with a decrease of -8.3% 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, consumption continues to indicate a noticeable decrease. As a result, consumption attained the peak level of $765M. From 2019 to 2022, the growth of the market remained at a lower figure.

Source: IndexBox Market Intelligence Platform