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

RatingCountry
1United Kingdom
2Germany
3Japan
4France
5Netherlands

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

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Belarus133120103-12.0%
Malaysia126107112-5.7%
Russia138126119-7.1%
Vietnam131126128-1.2%
Canada143140136-2.5%
United States1371351411.4%
Portugal1571561590.6%
Denmark182169160-6.2%
Estonia165172162-0.9%
Latvia1541581643.2%
Lithuania194185180-3.7%
Germany249237214-7.3%
Austria237228234-0.6%
Average158153154-1.3%

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

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Italy232218218-3.1%
United Kingdom14514219516.0%
Netherlands1701841833.8%
Japan1761691790.8%
Belgium173177167-1.7%
Denmark174167165-2.6%
South Korea149140145-1.4%
Average1701651844.1%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
United Kingdom1.21.21.822.9%
Japan0.30.30.640.4%
Denmark0.50.40.5-1.6%
Netherlands0.20.40.559.9%
Italy0.60.50.4-14.8%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
United States0.911.16.0%
Canada0.40.40.46.6%
Latvia0.30.40.410.6%
Vietnam0.40.40.41.1%
Russia0.30.30.34.0%

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.

Wood Pellets - Product Coverage

  • HS 440131 - Wood; for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms; wood pellets
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World - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global wood pellets market.

Africa - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in Africa.

Latin America and the Caribbean - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in Latin America and the Caribbean.

Australia and Oceania - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in Australia and Oceania.

South-Eastern Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in South-Eastern Asia.

Southern Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in Southern Asia.

Eastern Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in Eastern Asia.

Northern America - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in Northern America.

Middle East - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in the Middle East.

Central Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the wood pellets market in Central Asia.

Geography