Wood Pellets Market

Wood pellets market: enjoy new information enhanced by an Ai-driven market intelligence tool. Information contain market size, production, exports, companies, consumption, imports, market prices, and trade. Here is a breakdown by country, including Africa, EU, Russia, the U.K., the Middle East, the U.S., Latin America, and China. Market trends and outlook to 2030 are also featured in the dashboards.

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Wood Pellets - World's Largest Markets

Rating	Country
1	United Kingdom
2	Germany
3	Japan
4	France
5	Netherlands

In value terms, the UK led the market, alone. The second position in the ranking was occupied by Germany. It was followed by Japan.

From 2019 to 2021, the average annual rate of growth in terms of value in the UK amounted to +18.7%. In the other countries, the average annual rates were as follows: Germany (+0.6% per year) and Japan (+37.7% per year).

Wood Pellets Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Belarus	133	120	103	-12.0%
Malaysia	126	107	112	-5.7%
Russia	138	126	119	-7.1%
Vietnam	131	126	128	-1.2%
Canada	143	140	136	-2.5%
United States	137	135	141	1.4%
Portugal	157	156	159	0.6%
Denmark	182	169	160	-6.2%
Estonia	165	172	162	-0.9%
Latvia	154	158	164	3.2%
Lithuania	194	185	180	-3.7%
Germany	249	237	214	-7.3%
Austria	237	228	234	-0.6%
Average	158	153	154	-1.3%

Prices varied noticeably by the country of origin; the country with the highest price was Austria ($234 per ton), while Belarus ($103 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Latvia, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Italy	232	218	218	-3.1%
United Kingdom	145	142	195	16.0%
Netherlands	170	184	183	3.8%
Japan	176	169	179	0.8%
Belgium	173	177	167	-1.7%
Denmark	174	167	165	-2.6%
South Korea	149	140	145	-1.4%
Average	170	165	184	4.1%

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($218 per ton), while South Korea ($145 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.

Wood Pellets - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
United Kingdom	1.2	1.2	1.8	22.9%
Japan	0.3	0.3	0.6	40.4%
Denmark	0.5	0.4	0.5	-1.6%
Netherlands	0.2	0.4	0.5	59.9%
Italy	0.6	0.5	0.4	-14.8%

In value terms, the UK ($1.8B) constitutes the largest market for imported wood pellets worldwide, comprising 36% of global imports. The second position in the ranking was occupied by Japan ($559M), with a 11% share of global imports. It was followed by Denmark, with a 10% share.

In the UK, wood pellets imports increased at an average annual rate of +22.9% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Japan (+40.4% per year) and Denmark (-1.6% per year).

Wood Pellets - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
United States	0.9	1	1.1	6.0%
Canada	0.4	0.4	0.4	6.6%
Latvia	0.3	0.4	0.4	10.6%
Vietnam	0.4	0.4	0.4	1.1%
Russia	0.3	0.3	0.3	4.0%

In value terms, the United States ($1.1B) remains the largest wood pellets supplier worldwide, comprising 23% of global exports. The second position in the ranking was occupied by Canada ($428M), with a 9.2% share of global exports. It was followed by Latvia, with a 9% share.

From 2019 to 2021, the average annual growth rate of value in the United States totaled +6.0%. In the other countries, the average annual rates were as follows: Canada (+6.6% per year) and Latvia (+10.6% per year).

Wood Pellets - Market Forecast

Driven by increasing demand for wood pellets worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.