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United Kingdom - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 11, 2023
Wood Fuel Price in UK Rises 4% to New Record of $243 per Cubic Meter
United Kingdom Wood Fuel Import Price in July 2022
In July 2022, the wood fuel price stood at $243 per cubic meter (CIF, United Kingdom), surging by 3.8% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in March 2022 an increase of 6.4% m-o-m. Over the period under review, average import prices reached the maximum in July 2022.
There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Ukraine ($317 per cubic meter), while the price for Portugal ($67.4 per cubic meter) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
United Kingdom Wood Fuel Imports
In July 2022, purchases abroad of wood fuel was finally on the rise to reach 21K cubic meters after five months of decline. Overall, imports, however, recorded a abrupt contraction. Imports peaked at 51K cubic meters in January 2022; however, from February 2022 to July 2022, imports failed to regain momentum.
In value terms, wood fuel imports skyrocketed to $5.1M (IndexBox estimates) in July 2022. In general, imports, however, showed a abrupt decline. Over the period under review, imports reached the maximum at 11M cubic meters in January 2022; however, from February 2022 to July 2022, imports remained at a lower figure.
United Kingdom Wood Fuel Imports by Country
Latvia (11K cubic meters), Lithuania (5.5K cubic meters) and Poland (2.6K cubic meters) were the main suppliers of wood fuel imports to the UK, with a combined 89% share of total imports.
From January 2022 to July 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +8.4%), while imports for the other leaders experienced a decline.
In value terms, Latvia ($2.6M), Lithuania ($1.3M) and Poland ($524K) were the largest wood fuel suppliers to the UK, with a combined 87% share of total imports. Estonia, Ukraine and Portugal lagged somewhat behind, together accounting for a further 6.3%.
Portugal, with a CAGR of +76.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Factors Affecting Wood Fuel Prices
Wood fuel prices in the United Kingdom have been on the rise in recent years, due to a number of factors. The cost of raw materials has increased, as has the cost of transport and distribution. The UK government has also introduced a number of environmental taxes which have added to the cost of wood fuel. As a result of these factors, the price of wood fuel in the UK is now higher than it has been for many years. This is having an impact on businesses who use wood fuel, as well as on consumers who use it for domestic heating.
The rising price of wood fuel is having an impact on the economy as a whole. Higher prices for inputs such as wood fuel lead to higher costs for businesses, which in turn leads to higher prices for consumers. This puts upward pressure on inflation and can lead to economic recession. The UK government is aware of the problems caused by rising wood fuel prices, and is taking action to try and mitigate them. They have introduced a number of measures, including subsidies for businesses who use wood fuel, and support for research into alternatives to wood fuel.
This report provides an in-depth analysis of the wood fuel market in the UK. 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 1627 - Wood fuel, coniferous (production)
• FCL 1628 - Wood fuel, non-coniferous (production)
Country coverage:
• United Kingdom
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
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. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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