Market Size for Wood Chips and Particles in the United States - 2022

Wood Chips and Particles Consumption in the United States - 2022

In 2022, consumption of wood chips and particles decreased by -8.3% to 32M cubic meters, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at 37M cubic meters in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The size of the wood chips and particles market in the United States reduced slightly to $749M in 2022, with a decrease of -2.2% 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 prominent growth from 2017 to 2022: its value increased at an average annual rate of +7.3% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.7% against 2020 indices. As a result, consumption reached the peak level of $911M. From 2021 to 2022, the growth of the market remained at a lower figure.

Source: IndexBox Market Intelligence Platform