SADC: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in SADC

In 2023, the SADC market for wood chips, parts, residues, pellets and other agglomerates was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in SADC

In value terms, production of wood chips, parts, residues, pellets and other agglomerates totaled $X in 2023 estimated in export price. Overall, production, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports in SADC

In 2023, overseas shipments of wood chips, parts, residues, pellets and other agglomerates decreased by X% to X cubic meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X cubic meters in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates fell sharply to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa prevails in agglomerates structure, finishing at X cubic meters, which was approx. X% of total exports in 2023. Swaziland (X cubic meters) and Angola (X cubic meters) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of wood chips, parts, residues, pellets and other agglomerates. At the same time, Angola (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Swaziland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Angola (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per cubic meter, growing by X% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Angola ($X per cubic meter), while Swaziland ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports in SADC

In 2023, overseas purchases of wood chips, parts, residues, pellets and other agglomerates increased by X% to X cubic meters for the first time since 2018, thus ending a four-year declining trend. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates expanded notably to $X in 2023. Overall, imports posted a measured expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of wood chips, parts, residues, pellets and other agglomerates, namely South Africa, represented more than two-thirds of total import.

South Africa was also the fastest-growing in terms of the wood chips, parts, residues, pellets and other agglomerates imports, with a CAGR of X% from 2012 to 2023. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported wood chips, parts, residues, pellets and other agglomerates in SADC.

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per cubic meter, falling by X% against the previous year. Overall, the import price continues to indicate a significant decrease. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Source: IndexBox Platform