Europe: Wood Pellets Market 2024

Wood Pellets Market Size in Europe

In 2023, after two years of growth, there was decline in the Europe wood pellets market, when its value decreased by X% to $X. In general, consumption showed a strong increase. Over the period under review, the market reached the maximum level at $X in 2022, and then dropped slightly in the following year.

Wood Pellets Production in Europe

In value terms, wood pellets production shrank to $X in 2023 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Wood Pellets Exports

Exports in Europe

In 2023, wood pellets exports in Europe stood at X tons, surging by X% compared with the previous year. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, wood pellets exports reduced to $X in 2023. Overall, exports saw resilient growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then dropped in the following year.

Exports by Country

In 2023, Russia (X tons), distantly followed by Latvia (X tons), Estonia (X tons), Austria (X tons) and Germany (X tons) were the major exporters of wood pellets, together committing X% of total exports. Belgium (X tons), Belarus (X tons), Denmark (X tons), Lithuania (X tons), Portugal (X tons), Poland (X tons), Ukraine (X tons) and the Czech Republic (X tons) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Latvia ($X) and Estonia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Austria, Germany, Belgium, Lithuania, Poland, Denmark, the Czech Republic, Ukraine, Portugal and Belarus lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, declining by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wood pellets export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Wood Pellets Imports

Imports in Europe

In 2023, wood pellets imports in Europe expanded rapidly to X tons, increasing by X% against the previous year's figure. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, wood pellets imports reached $X in 2023. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

The UK was the largest importer of wood pellets in Europe, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Denmark (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), Italy (X%) and France (X%). Belgium (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to wood pellets imports into the UK stood at X%. At the same time, France (X%), Latvia (X%), the Netherlands (X%), Denmark (X%), Italy (X%) and Belgium (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. While the share of the UK (X p.p.), France (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Italy (X p.p.), Belgium (X p.p.) and Denmark (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported wood pellets in Europe, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Denmark, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the UK totaled X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Denmark (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform