Global Wood Fuel Market 2024

Wood Fuel Market Size

The global wood fuel market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Fuel Production

In value terms, wood fuel production rose to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Global production peaked in 2022 and is likely to see gradual growth in years to come.

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Wood Fuel Exports

Exports

After two years of growth, shipments abroad of wood fuel decreased by X% to X cubic meters in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood fuel exports soared to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Swaziland (X cubic meters), Latvia (X cubic meters), Croatia (X cubic meters), France (X cubic meters), Bosnia and Herzegovina (X cubic meters) and South Africa (X cubic meters) was the key exporter of wood fuel in the world, generating X% of total export. It was distantly followed by Ukraine (X cubic meters), constituting a X% share of total exports. Slovenia (X cubic meters), Lithuania (X cubic meters), Germany (X cubic meters), Estonia (X cubic meters), the Czech Republic (X cubic meters) and Poland (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Croatia ($X) and Lithuania ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Bosnia and Herzegovina, Slovenia, Poland, Swaziland, Ukraine, Estonia, France, South Africa, Germany and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood fuel export price stood at $X per cubic meter in 2022, jumping by X% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other global leaders experienced more modest paces of growth.

Wood Fuel Imports

Imports

In 2022, purchases abroad of wood fuel increased by X% to X cubic meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wood fuel imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X cubic meters) was the largest importer of wood fuel, committing X% of total imports. South Africa (X cubic meters) held the second position in the ranking, followed by Swaziland (X cubic meters) and Germany (X cubic meters). All these countries together took near X% share of total imports. The following importers - Sweden (X cubic meters), Slovenia (X cubic meters), the UK (X cubic meters), Romania (X cubic meters), Austria (X cubic meters), France (X cubic meters), Norway (X cubic meters), Poland (X cubic meters) and Denmark (X cubic meters) - together made up X% of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, the UK (X%), Poland (X%), Swaziland (X%), South Africa (X%), France (X%), Norway (X%) and Germany (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Slovenia (X%), Romania (X%), Sweden (X%), Denmark (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, South Africa, Swaziland, the UK and Poland 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, Italy ($X) constitutes the largest market for imported wood fuel worldwide, comprising X% of global imports. The second position in the ranking was taken by the UK ($X), with a X% share of global imports. It was followed by Germany, with an X% share.

In Italy, wood fuel imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

The average wood fuel import price stood at $X per cubic meter in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per cubic meter), while Swaziland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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