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Russian Federation - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Pellets Price in Russia - 2022
Contents:
- Wood Pellets Price in Russia (FOB) - 2022
- Wood Pellets Price in Russia (CIF) - 2022
- Wood Pellets Exports in Russia
- Wood Pellets Imports in Russia
Wood Pellets Price in Russia (FOB) - 2022
The average wood pellets export price stood at $189 per ton in 2022, growing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($251 per ton), while the average price for exports to Finland ($146 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Pellets Price in Russia (CIF) - 2022
The average wood pellets import price stood at $875 per ton in 2022, jumping by 294% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $949 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,149 per ton), while the price for Ukraine ($287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+69.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Pellets Exports in Russia
After three years of growth, shipments abroad of wood pellets decreased by -31.8% to 1.6M tons in 2022. Over the period under review, exports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of 2.4M tons, and then declined dramatically in the following year.
In value terms, wood pellets exports fell significantly to $310M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of $380M, and then shrank sharply in the following year.
Export of Wood Pellets in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 12.9 | 18.2 | 22.2 | 82.8 | 85.8% |
Denmark | 84.0 | 66.9 | 48.5 | 33.8 | -26.2% |
Belgium | 22.4 | 47.3 | 63.0 | 29.2 | 9.2% |
Netherlands | 24.7 | 35.0 | 83.7 | 28.4 | 4.8% |
Turkey | N/A | N/A | N/A | 18.5 | 0% |
United Kingdom | 39.6 | 45.1 | 50.5 | 16.7 | -25.0% |
Japan | N/A | 2.4 | 17.0 | 16.3 | 160.6% |
France | 0.9 | 9.7 | 14.7 | 15.9 | 160.4% |
Lithuania | 10.7 | 10.3 | 8.5 | 11.6 | 2.7% |
Finland | 10.1 | 13.4 | 16.8 | 10.7 | 1.9% |
Germany | 2.7 | 3.2 | 9.6 | 10.3 | 56.3% |
Italy | 15.5 | 18.5 | 20.8 | 9.1 | -16.3% |
Latvia | 8.7 | 7.8 | 6.3 | 6.9 | -7.4% |
Others | 59.4 | 26.7 | 18.2 | 19.9 | -30.5% |
Total | 292 | 305 | 380 | 310 | 2.0% |
Top Export Markets for Wood Pellets from Russia in 2022:
- South Korea (452.6K tons)
- Denmark (205.0K tons)
- Belgium (152.3K tons)
- Netherlands (143.0K tons)
- Japan (94.9K tons)
- United Kingdom (91.0K tons)
- Turkey (79.2K tons)
- France (77.3K tons)
- Finland (73.4K tons)
- Lithuania (56.6K tons)
- Germany (52.7K tons)
- Latvia (37.6K tons)
- Italy (36.2K tons)
Wood Pellets Imports in Russia
In 2022, supplies from abroad of wood pellets decreased by -78.8% to 239 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp decline. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wood pellets imports shrank sharply to $209K in 2022. In general, imports faced a significant contraction. The growth pace was the most rapid in 2020 when imports increased by 29%. As a result, imports reached the peak of $1.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Wood Pellets in Russia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.0 | N/A | N/A | 148 | 191.1% |
Ukraine | N/A | N/A | 119 | 28.2 | -76.3% |
Germany | 941 | 1,350 | 29.3 | 3.4 | -84.7% |
Belarus | 70.5 | 30.3 | 58.6 | N/A | -8.8% |
Others | 66.2 | 19.3 | 43.8 | 29.3 | -23.8% |
Total | 1,084 | 1,400 | 251 | 209 | -42.2% |
Top Suppliers of Wood Pellets to Russia in 2022:
- China (129.0 tons)
- Ukraine (98.4 tons)
- Germany (4.7 tons)
This report provides an in-depth analysis of the wood pellets market in the Russian Federation. 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 1693 - Wood pellets
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
-
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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Global wood pellet imports spiked by +9.2% y-o-y to $4.5B, reaching the highest point ever. The UK remains the largest wood pellet importer, accounting for 35% of the total global imports. Among leading importers, the Netherlands saw the most prominent growth of supplied volume last year. The average import price for wood pellets grew by +4.3% y-o-y in 2020. The U.S., Vietnam, Canada, Latvia, Russia and Denmark constitute the prime exporters of wood pellets worldwide.