Global Wood Barrel Market 2024

Wood Barrel Market Size

For the fourth year in a row, the global wood barrel market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market hit record highs in 2023 and is expected to retain growth in the immediate term.

Wood Barrel Production

In value terms, wood barrel production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. Global production peaked at $X in 2022, and then declined in the following year.

Wood Barrel Exports

Exports

In 2023, global wood barrel exports stood at X units, almost unchanged from the year before. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, wood barrel exports surged to $X in 2023. Overall, total exports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when exports increased by X%. The global exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

The United States represented the key exporting country with an export of about X units, which amounted to X% of total exports. France (X units) ranks second in terms of the total exports with a X% share, followed by Spain (X%). The UK (X units) and Ireland (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the casks, barrels, vats, tubs, and coopers products of wood exports, with a CAGR of X% from 2012 to 2023. At the same time, Ireland (X%), Spain (X%) and the UK (X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. From 2012 to 2023, the share of the United States increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), the United States ($X) and Spain ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports. The UK and Ireland lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average wood barrel export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, recorded a noticeable decline. The global export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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 France ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other global leaders experienced more modest paces of growth.

Wood Barrel Imports

Imports

In 2023, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Global imports peaked in 2023 and are likely to see gradual growth in the near future.

In value terms, wood barrel imports surged to $X in 2023. In general, total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, global imports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States was the key importer of casks, barrels, vats, tubs, and coopers products of wood in the world, with the volume of imports recording X units, which was approx. X% of total imports in 2023. It was distantly followed by the UK (X units) and Ireland (X units), together mixing up a X% share of total imports. The following importers - Spain (X units), China (X units), Australia (X units), France (X units), Japan (X units), the Dominican Republic (X units) and Canada (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to wood barrel imports into the United States stood at X%. At the same time, the Dominican Republic (X%), China (X%), Australia (X%), Canada (X%), Ireland (X%), Spain (X%), France (X%), the UK (X%) and Japan (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The United States (X p.p.), China (X p.p.), the Dominican Republic (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the global imports, while Japan and the UK saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood barrel importing markets worldwide were the United States ($X), the UK ($X) and Spain ($X), together comprising X% of global imports. Ireland, France, China, Japan, Canada, Australia and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform