Market Size for Wood Chips and Particles in Norway - 2022

Wood Chips and Particles Consumption in Norway - 2022

In 2022, after two years of growth, there was significant decline in consumption of wood chips and particles, when its volume decreased by -11% to 859K cubic meters. Overall, consumption showed a noticeable decrease. Over the period under review, consumption hit record highs at 1.1M cubic meters in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

The size of the wood chips and particles market in Norway expanded sharply to $23M in 2022, picking up by 6% 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). In general, the total consumption indicated measured growth from 2017 to 2022: its value increased at an average annual rate of +2.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +98.5% against 2019 indices. Wood chips and particles consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Source: IndexBox Market Intelligence Platform