Canada - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Canada - 2023
Contents:
- Wood Fuel Price in Canada (FOB) - 2022
- Wood Fuel Price in Canada (CIF) - 2022
- Wood Fuel Exports in Canada
- Wood Fuel Imports in Canada
Wood Fuel Price in Canada (FOB) - 2022
In 2022, the average wood fuel export price amounted to $265 per cubic meter, with an increase of 18% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($931 per cubic meter), while the average price for exports to the United States stood at $250 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.4%).
Wood Fuel Price in Canada (CIF) - 2022
In 2022, the average wood fuel import price amounted to $1,351 per cubic meter, surging by 49% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 75%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,979 per cubic meter), while the price for Vietnam ($46 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Fuel Exports in Canada
In 2022, wood fuel exports from Canada was estimated at 28K cubic meters, growing by 10% on the previous year. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, wood fuel exports surged to $7.5M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Wood Fuel in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4.7 | 4.2 | 5.2 | 6.9 | 13.7% |
China | 0.2 | 0.3 | 0.4 | 0.5 | 35.7% |
Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
Total | 5.1 | 4.7 | 5.8 | 7.5 | 13.7% |
Top Export Markets for Wood Fuel from Canada in 2022:
- United States (27.7K cubic meters)
- China (0.5K cubic meters)
Wood Fuel Imports in Canada
In 2022, the amount of wood fuel imported into Canada fell remarkably to 6 cubic meters, shrinking by -45.5% compared with 2021. Over the period under review, imports faced a sharp setback. The smallest decline of -20.1% was in 2020. Over the period under review, imports hit record highs at 174 cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, wood fuel imports shrank sharply to $8.1K in 2022. Overall, imports saw a precipitous setback. Imports peaked at $155K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Wood Fuel in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.1 | 42.2 | 8.7 | 7.9 | -19.4% |
China | 0.4 | 0.9 | 0.3 | 0.1 | -37.0% |
Vietnam | N/A | N/A | N/A | N/A | 0% |
Honduras | 139 | 28.8 | N/A | N/A | -79.3% |
Others | 0.1 | 0.1 | 0.9 | N/A | 200.0% |
Total | 155 | 71.9 | 10.0 | 8.1 | -62.6% |
Top Suppliers of Wood Fuel to Canada in 2022:
- United States (4.0 cubic meters)
- Vietnam (1.0 cubic meters)
- China (1.0 cubic meters)
This report provides an in-depth analysis of the wood fuel market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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