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Study Says Woodchip Trade Volumn to Reach New High

Feb. 22, 2008 - A recent study predicts that the Pacific Rim woodchip trade, which reached record levels in 2007, will expand even further to 18.8 million BDMT by 2010.

The report, 15th International Pulpwood Trade Review, is published by RISI.

"In 2007, the Pacific Rim woodchip market reached a record volume, even though average prices for hardwood chip imports in Japan were also at an all-time high, in US dollar terms," said Robert Flynn, study co-author and RISI's director of international timber.

"While the Pacific market for woodchips is expected to increase over the next several years, the biggest change is in the Atlantic market, where imports of woodchips from overseas in 2008 will likely set new record volumes in Spain, Turkey, Portugal, Norway, Sweden and Finland," Flynn said.

"And of course, international trade in wood pellets for biomass energy will not only reach record levels in Europe, but the trade will also spread to the Asian markets for the first time in 2008," Flynn added

SOURCE: RISI




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