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Report World - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

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

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Global Wood Pellets Market 2024

Wood Pellets Market Size

The global wood pellets market soared to $X in 2022, rising by X% against the previous year. In general, consumption posted prominent growth. Over the period under review, the global market attained the maximum level in 2022 and is expected to retain growth in the near future.

Wood Pellets Production

In value terms, wood pellets production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Wood Pellets Exports

Exports

Global wood pellets exports expanded slightly to X tons in 2022, picking up by X% compared with 2021. In general, exports saw a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, wood pellets exports soared to $X in 2022. Over the period under review, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the major exporting country with an export of around X tons, which resulted at X% of total exports. Canada (X tons) ranks second in terms of the total exports with an X% share, followed by Vietnam (X%), Latvia (X%) and Russia (X%). Estonia (X tons), Malaysia (X tons), Germany (X tons), Austria (X tons), Belarus (X tons), Belgium (X tons), Ukraine (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood pellets exports from the United States stood at X%. At the same time, Vietnam (X%), Belgium (X%), Malaysia (X%), Belarus (X%), Ukraine (X%), Estonia (X%), Canada (X%), Russia (X%), Lithuania (X%), Latvia (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 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. The United States (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.), Ukraine (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the global exports, while Russia, Austria, Canada, Latvia and Germany saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United States, wood pellets exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average wood pellets export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Wood Pellets Imports

Imports

In 2022, global wood pellets imports totaled X tons, with an increase of X% against the previous year. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, global imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, wood pellets imports soared to $X in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X tons), distantly followed by Japan (X tons), South Korea (X tons), Italy (X tons), the Netherlands (X tons) and Denmark (X tons) represented the main importers of wood pellets, together mixing up X% of total imports. Belgium (X tons) held a little share of total imports.

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

In value terms, the largest wood pellets importing markets worldwide were the UK ($X), Italy ($X) and Japan ($X), together comprising X% of global imports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption in 2023 were the UK, Japan and South Korea, together comprising 37% of global consumption.
The United States remains the largest wood pellets producing country worldwide, comprising approx. 22% of total volume. Moreover, wood pellets production in the United States exceeded the figures recorded by the second-largest producer, Canada, threefold. Vietnam ranked third in terms of total production with a 6.9% share.
In value terms, the United States remains the largest wood pellets supplier worldwide, comprising 23% of global exports. The second position in the ranking was taken by Vietnam, with a 12% share of global exports. It was followed by Canada, with an 8% share.
In value terms, the largest wood pellets importing markets worldwide were the UK, Italy and Japan, together comprising 52% of global imports.
In 2022, the average wood pellets export price amounted to $215 per ton, growing by 34% against the previous year.
In 2022, the average wood pellets import price amounted to $230 per ton, growing by 27% against the previous year.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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

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