Market Size for Wood Chips and Particles in Sudan - 2022

Wood Chips and Particles Consumption in Sudan - 2022

In 2022, after three years of decline, there was growth in consumption of wood chips and particles, when its volume increased by less than 0.1% to 384K cubic meters. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the consumption volume increased by 0.1%. As a result, consumption attained the peak volume of 385K 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 Sudan stood at $37M in 2022, approximately reflecting 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). The market value increased at an average annual rate of +1.3% from 2017 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when the market value increased by 3.3% against the previous year. Over the period under review, the market attained the peak level at $37M in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Source: IndexBox Market Intelligence Platform