Norway - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Norway - 2023
Contents:
- Wood Fuel Price in Norway (CIF) - 2022
- Wood Fuel Price in Norway (FOB) - 2022
- Wood Fuel Imports in Norway
- Wood Fuel Exports in Norway
Wood Fuel Price in Norway (CIF) - 2022
In 2022, the average wood fuel import price amounted to $203 per cubic meter, rising by 49% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel import price increased by +72.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($240 per cubic meter), while the price for Sweden ($113 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Fuel Price in Norway (FOB) - 2022
In 2022, the average wood fuel export price amounted to $38 per cubic meter, remaining constant against the previous year. In general, the export price, however, saw measured growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices attained the peak figure at $38 per cubic meter in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($78 per cubic meter), while the average price for exports to Denmark ($23 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.
Wood Fuel Imports in Norway
In 2022, imports of wood fuel into Norway skyrocketed to 247K cubic meters, with an increase of 22% against 2021 figures. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, wood fuel imports skyrocketed to $50M in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 86%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Wood Fuel in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 4.4 | 2.2 | 3.8 | 24.4 | 77.0% |
| Estonia | 10.0 | 5.8 | 11.3 | 14.9 | 14.2% |
| Lithuania | 0.6 | 0.2 | 0.5 | 4.0 | 88.2% |
| Sweden | 2.1 | 2.3 | 2.8 | 2.9 | 11.4% |
| Russia | 5.4 | 3.9 | 8.2 | 2.1 | -27.0% |
| Finland | 0.5 | 0.3 | 0.3 | 1.1 | 30.1% |
| Others | 0.4 | N/A | 0.5 | 0.7 | 20.5% |
| Total | 23.5 | 14.8 | 27.4 | 50.0 | 28.6% |
Top Suppliers of Wood Fuel to Norway in 2022:
- Latvia (109.8K cubic meters)
- Estonia (68.0K cubic meters)
- Sweden (25.5K cubic meters)
- Russia (16.8K cubic meters)
- Lithuania (16.6K cubic meters)
- Finland (7.3K cubic meters)
Wood Fuel Exports in Norway
Wood fuel exports from Norway surged to 109K cubic meters in 2022, with an increase of 71% compared with the year before. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 128%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, wood fuel exports skyrocketed to $4.1M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 205%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Wood Fuel in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,057 | 74.0 | 790 | 1,962 | 22.9% |
| Denmark | 270 | 453 | 1,624 | 1,952 | 93.4% |
| Germany | N/A | 255 | N/A | 0.9 | -94.1% |
| Others | 5.5 | 9.3 | 0.8 | 202 | 232.4% |
| Total | 1,333 | 791 | 2,415 | 4,117 | 45.6% |
Top Export Markets for Wood Fuel from Norway in 2022:
- Denmark (83.5K cubic meters)
- Sweden (25.1K cubic meters)
This report provides an in-depth analysis of the wood fuel market in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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
-
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
-
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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