Market Size for Wood Chips and Particles in Colombia - 2022

Wood Chips and Particles Consumption in Colombia - 2022

In 2022, approx. 80K cubic meters of wood chips and particles were consumed in Colombia; remaining constant against 2021. Over the period under review, consumption, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 when the consumption volume increased by 1.1% against the previous year. Over the period under review, consumption hit record highs at 158K cubic meters in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

The revenue of the wood chips and particles market in Colombia reached $22M in 2022, therefore, remained relatively stable 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). Overall, consumption, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when the market value increased by 3.4%. Over the period under review, the market attained the peak level at $45M in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Source: IndexBox Market Intelligence Platform