We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
World - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Article Publishing Date: May 13, 2021

The Solid Biofuel Market Grows Steadily Despite the Pandemic

IndexBox has just published a new report: 'World - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The solid biofuel market continues to grow steadily. The pandemic generated financial and logistics problems for producers, but this failed to disrupt output, as a result of the consistent demand for long-term supply contracts. The production of wood pellets remains the fastest-developing segment on the solid biofuel market.

Key Trends and Insights

The solid biofuel sector remained stable during the pandemic, buoyed by existing long-term supply contracts. Despite facing disruptions in supply chains, constrained cash flows, and stagnating investment into new projects, solid fuel producers managed to sustain production levels and keep staff working.

The global pellet market grows rapidly with a CAGR of +11.9% a year over the past 8 years, emerging as the fastest-developing segment on the global solid biofuel market. Europe (44.8%) and North America (29.8%) remain major global pellet manufacturers (IndexBox estimates). China indicated the highest rate of production growth (with a CAGR of +31.1%) over the period from 2012 to 2020. Due to asynchronous quarantine measures in countries , the procurement of raw materials (sawdust) was disrupted, which emerged as a crucial issue for pellet manufacturers during the start of the pandemic in early 2020. Along with the ease of lockdowns in the second half of 2020, the supply chains were gradually readjusted.

The global charcoal market continued to expand at an average annual rate of +1.0% over the past 8 years and estimated at 56M tons (IndexBox estimates). The highest rate of consumption growth was observed in Africa (CAGR, +2.1%), the leading producer of wood charcoal worldwide (62%): in many low-income African countries, charcoal remains the main fuel available for cooking and daily living requirements.

According to IndexBox, the global solid biofuel market is forecast to reach 129.6M tons in the period to 2030 (this includes wood pellets and wood charcoal). The increasing demand for renewable fuels and the shifts towards a circular economy are set to remain the key market drivers. The use of plant residue (rice husks, straw, sugarcane, rapeseed, oil palm, and sugar beet etc.) as a raw material for the production of solid biofuel, is set to become increasingly prominent as a result of the robust crop yield.

Solid Biofuel Consumption by Country

The countries with the highest volumes of solid biofuel consumption in 2020 were the UK (9.4M tons), Brazil (6.6M tons) and China (5.2M tons), together comprising 21% of global consumption. Ethiopia, Nigeria, the U.S., the Netherlands, India, the Democratic Republic of the Congo, Germany, Italy, France and Vietnam lagged somewhat behind, together accounting for a further 32%.

In value terms, the largest solid biofuel markets worldwide were China ($5.4B), Ethiopia ($2.9B) and Brazil ($2.7B), together accounting for 28% of the global market. The UK, India, Nigeria, the U.S., the Democratic Republic of the Congo, France, Germany, the Netherlands, Italy and Vietnam lagged somewhat behind, together comprising a further 26%.

The countries with the highest levels of solid biofuel per capita consumption in 2020 were the Netherlands (170 kg per person), the UK (139 kg per person) and Ethiopia (42 kg per person).

Solid Biofuel Exports by Country

The U.S. was the key exporter of solid biofuels in the world, with the volume of exports amounting to 7.3M tons, which was near 27% of total exports in 2020. Canada (2.9M tons) occupied an 11% share (based on tons) of total exports, which put it in second place, followed by Latvia (7.8%), Russia (6.2%), Denmark (5.4%) and Vietnam (4.6%). The following exporters - Estonia (1,070K tons), Germany (784K tons), Poland (681K tons), Austria (652K tons), Lithuania (616K tons), Portugal (616K tons) and Indonesia (570K tons) - together made up 19% of total exports.

Exports from the U.S. increased at an average annual rate of +18.9% from 2012 to 2020. At the same time, Denmark (+50.4%), Poland (+16.0%), Indonesia (+12.0%), Estonia (+11.7%), Latvia (+11.0%), Russia (+10.6%), Canada (+9.8%), Lithuania (+9.0%), Vietnam (+8.0%) and Austria (+3.9%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the world, with a CAGR of +50.4% from 2012-2020. Portugal experienced a relatively flat trend pattern. By contrast, Germany (-1.4%) illustrated a downward trend over the same period.

In value terms, the U.S. ($1B) remains the largest solid biofuel supplier worldwide, comprising 19% of global exports. The second position in the ranking was occupied by Canada ($408M), with a 7.6% share of global exports. It was followed by Latvia, with a 7.2% share.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global solid biofuel 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 1630 - Wood charcoal
  • 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, RZ Pellet, Ante-Holz, New England Wood Pellet LLC, Energex, SvirPellets, CM Biomass, Pinnacle Renewable Energy, Land Energy, Altus Renewables, BC Bioenergy Network, MacTara, American Wood Fibers, Grilla Grills, Jim C. Hamer Lumber Co., Highland Pellets

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

Recommended posts

Canada's October 2023 Solid Biofuel Export Surges to $49M
Jan 31, 2024
Eye 128
Dramatic Drop in Solid Biofuel Imports to $32M Recorded in September 2023 in the Netherlands
Dec 30, 2023
Eye 137
World's Best Import Markets for Solid Biofuel
Nov 20, 2023
Eye 220
Brazil's Solid Biofuel Export Soars to $14M in July 2023
Oct 13, 2023
Eye 258
Free Data: Solid Biofuels - World
Table
Solid Biofuels - World - Table
Dashboard
Solid Biofuels - World - Dashboard
Report
Solid Biofuels - World - Report