Report Update Jul 5, 2024

World - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Global Wood Pellets Market 2024

Wood Pellets Market Size

In 2023, after two years of growth, there was significant decline in the global wood pellets market, when its value decreased by X% to $X. Overall, consumption, however, recorded a prominent expansion. Over the period under review, the global market hit record highs at $X in 2022, and then reduced in the following year.

Wood Pellets Production

In value terms, wood pellets production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then fell modestly in the following year.

Wood Pellets Exports

Exports

In 2023, global wood pellets exports expanded slightly to X tons, growing by X% against the previous year's figure. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

In value terms, wood pellets exports rose to $X in 2023. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The global exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

The United States represented the major exporting country with an export of around X tons, which recorded X% of total exports. Russia (X tons) ranks second in terms of the total exports with an X% share, followed by Canada (X%), Vietnam (X%), Latvia (X%) and Estonia (X%). Austria (X tons), Germany (X tons), Malaysia (X tons), Belgium (X tons), Belarus (X tons), Denmark (X tons) and Lithuania (X tons) held a relatively small share of total exports.

Exports from the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Malaysia (X%), Belgium (X%), Denmark (X%), Belarus (X%), Russia (X%), Estonia (X%), Canada (X%), Latvia (X%), Lithuania (X%) and Austria (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. From 2012 to 2023, the share of Vietnam, the United States, Russia, Malaysia and Belgium increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest wood pellets supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Canada ($X), with an X% share of global exports. It was followed by Vietnam, with an X% share.

In the United States, wood pellets exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Canada (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2023, standing approx. at 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, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 the United States (X%), while the other global leaders experienced more modest paces of growth.

Wood Pellets Imports

Imports

In 2023, global imports of wood pellets rose slightly to X tons, growing by X% on the previous year's figure. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Global imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, wood pellets imports fell slightly to $X in 2023. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Global imports peaked at $X in 2022, and then contracted modestly in the following year.

Imports by Country

In 2023, the UK (X tons) was the largest importer of wood pellets, constituting X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Denmark (X%), the Netherlands (X%), Italy (X%) and France (X%).

Imports into the UK increased at an average annual rate of X% from 2012 to 2023. At the same time, France (X%), Japan (X%), South Korea (X%), the Netherlands (X%), Denmark (X%) and Italy (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Japan (X p.p.), South Korea (X p.p.), the UK (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the global imports, while the Netherlands, Italy and Denmark saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in the UK amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Italy (X% per year).

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2023, declining 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 declined 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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

This report provides an in-depth analysis of the global wood pellets market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Enviva, Graanul Invest, Drax Biomass, Pinnacle, An Viet Phat, American Wood Fibers, B&B Charcoal Co., Cookshack, Northwoods Smoke of Minnesota, Grilla Grills, Mallard Creek, H. Arnold Wood Turning, Solagen, Quality Box Ltd., Fruita Wood Chunks, Eco Wood Recycling Products, Pacific Bioenergy Corporation, Manke Lumber Co., Granules LG Inc, Confluence Energy, Jim C. Hamer Lumber Co., Easy Heat Wood Pellets, Vulcan Wood Products

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023