Finland - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Finland - 2023
Contents:
- Wood Fuel Price in Finland (CIF) - 2023
- Wood Fuel Price in Finland (FOB) - 2023
- Wood Fuel Imports in Finland
- Wood Fuel Exports in Finland
Wood Fuel Price in Finland (CIF) - 2023
The average wood fuel import price stood at $70.6 per cubic meter in September 2023, increasing by 7.1% against the previous month. Overall, the import price showed a moderate expansion. The growth pace was the most rapid in June 2023 when the average import price increased by 97% against the previous month. As a result, import price attained the peak level of $123 per cubic meter. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($78.9 per cubic meter), while the price for Germany ($42.3 per cubic meter) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Wood Fuel Price in Finland (FOB) - 2023
In October 2023, the average wood fuel export price amounted to $82.1 per cubic meter, picking up by 69% against the previous month. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Norway.
From October 2022 to October 2023, the rate of growth in terms of prices for Norway amounted to +4.4% per month.
Wood Fuel Imports in Finland
In 2022, supplies from abroad of wood fuel decreased by -1.1% to 167K cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 39%. Imports peaked at 169K cubic meters in 2021, and then shrank in the following year.
In value terms, wood fuel imports surged to $11M in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Wood Fuel in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | 2.2 | 2.9 | 4.8 | 47.7% |
| Latvia | N/A | N/A | 0.3 | 2.8 | 833.3% |
| Estonia | 0.4 | 0.5 | 1.4 | 1.9 | 68.1% |
| Russia | 3.5 | 1.7 | 2.3 | 1.5 | -24.6% |
| Germany | N/A | 4.2 | 1.4 | 0.3 | -73.3% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 4.0 | 8.7 | 8.3 | 11.2 | 40.9% |
Top Suppliers of Wood Fuel to Finland in 2022:
- Sweden (94.5K cubic meters)
- Latvia (42.7K cubic meters)
- Russia (14.4K cubic meters)
- Estonia (13.2K cubic meters)
- Germany (2.7K cubic meters)
Wood Fuel Exports in Finland
In 2022, approx. 126K cubic meters of wood fuel were exported from Finland; increasing by 108% against the year before. Over the period under review, exports saw a significant expansion. Over the period under review, the exports attained the peak figure at 126K cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, wood fuel exports soared to $4.7M in 2022. Overall, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wood Fuel in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3.2 | 3.0 | 1.8 | 3.9 | 6.8% |
| Norway | 0.4 | 0.3 | 0.2 | 0.8 | 26.0% |
| Others | N/A | 1.3 | 0.2 | 0.1 | -72.3% |
| Total | 3.7 | 4.6 | 2.2 | 4.7 | 8.3% |
Top Export Markets for Wood Fuel from Finland in 2022:
- Sweden (118.9K cubic meters)
- Norway (7.0K cubic meters)
This report provides an in-depth analysis of the wood fuel market in Finland. 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
- FCL 1628 - Wood fuel, non-coniferous
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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