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World - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Article Publishing Date: May 13, 2021

The Solid Biofuel Market Grows Steadily Despite the Pandemic

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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 tonnes (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 tonnes 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 tonnes), Brazil (6.6M tonnes) and China (5.2M tonnes), together comprising 21% of global consumption. Ethiopia, Nigeria, the U.S., the Netherlands, India, the Democratic Republic of the Congo, Germany, Italy, France and Viet Nam 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 Viet Nam 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 tonnes, which was near 27% of total exports in 2020. Canada (2.9M tonnes) occupied an 11% share (based on tonnes) of total exports, which put it in second place, followed by Latvia (7.8%), Russia (6.2%), Denmark (5.4%) and Viet Nam (4.6%). The following exporters - Estonia (1,070K tonnes), Germany (784K tonnes), Poland (681K tonnes), Austria (652K tonnes), Lithuania (616K tonnes), Portugal (616K tonnes) and Indonesia (570K tonnes) - 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%), Viet Nam (+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 Platform

Product coverage:
• FCL 1630 - Wood charcoal
• FCL 1693 - Wood pellets

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 2025.



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

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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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