Global trade of wood chips, which are mainly used by pulpmills, grew from about 21 million tons in 2009 to an all-time high of 35 million tons in 2018. Subsequently, trade declined for two consecutive years to reach just over 30 million tons in 2020.  Significant investments in new pulp capacity in China combined with a lack of domestic wood fiber have been driving practically all of the global increase in wood chip trade during the past decade. Outside of China, the trade of wood chips has been relatively stable the past ten years, ranging between 20 ...