Romania: Wood Fuel Market 2024

Wood Fuel Market Size in Romania

The Romanian wood fuel market soared to $X in 2023, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw resilient growth. Wood fuel consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Wood Fuel Exports

Exports from Romania

After two years of growth, overseas shipments of wood fuel decreased by X% to X cubic meters in 2023. In general, exports faced a abrupt descent. The pace of growth was the most pronounced in 2022 when exports increased by X%. The exports peaked at X cubic meters in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, wood fuel exports declined markedly to $X in 2023. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X cubic meters), Hungary (X cubic meters) and Slovakia (X cubic meters) were the main destinations of wood fuel exports from Romania, with a combined X% share of total exports. Moldova, Bulgaria, Denmark, Germany and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Moldova (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood fuel exported from Romania were Slovakia ($X), Hungary ($X) and Italy ($X), with a combined X% share of total exports. Bulgaria, Denmark, Moldova, Germany and Austria lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average wood fuel export price amounted to $X per cubic meter, rising by X% against the previous year. Over the period under review, the export price saw a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per cubic meter), while the average price for exports to Moldova ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel Imports

Imports into Romania

In 2023, approx. X cubic meters of wood fuel were imported into Romania; jumping by X% compared with the previous year. Over the period under review, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, wood fuel imports skyrocketed to $X in 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Ukraine (X cubic meters) constituted the largest wood fuel supplier to Romania, with a X% share of total imports. Moreover, wood fuel imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Czech Republic (X cubic meters), more than tenfold. Hungary (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Ukraine stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Hungary (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of wood fuel to Romania, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Import Prices by Country

The average wood fuel import price stood at $X per cubic meter in 2023, declining by X% against the previous year. In general, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2022, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Hungary ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform