Market Size for Wood Chips and Particles in Mexico - 2022
Wood Chips and Particles Consumption in Mexico - 2022
In 2022, consumption of wood chips and particles increased by less than 0.1% to 437K cubic meters, rising for the second year in a row after two years of decline. In general, the total consumption indicated a strong expansion from 2017 to 2022: its volume increased at an average annual rate of +10.2% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.9% against 2020 indices. As a result, consumption reached the peak volume of 451K cubic meters. From 2019 to 2022, the growth of the consumption remained at a lower figure.
The revenue of the wood chips and particles market in Mexico rose sharply to $25M in 2022, with an increase of 7.9% 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, the total consumption indicated a prominent increase from 2017 to 2022: its value increased at an average annual rate of +14.4% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.9% against 2020 indices. Wood chips and particles consumption peaked at $26M in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
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