Market Size for Wood Chips and Particles in the UK - 2022

Wood Chips and Particles Consumption in the UK - 2022

In 2022, consumption of wood chips and particles decreased by -12.9% to 2.2M cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a slight descent. Over the period under review, consumption reached the maximum volume at 2.6M cubic meters in 2021, and then fell in the following year.

The revenue of the wood chips and particles market in the UK fell to $84M in 2022, declining by -7.3% 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, the total consumption indicated a resilient increase from 2017 to 2022: its value increased at an average annual rate of +5.3% 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 -15.6% against 2020 indices. As a result, consumption reached the peak level of $99M. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Source: IndexBox Market Intelligence Platform