Report Update: Apr 1, 2024

Spain - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Wood Pellets Price in Spain - 2023

Wood Pellets Price in Spain (FOB) - 2023

The average wood pellets export price stood at $344 per ton in October 2023, therefore, remained relatively stable against the previous month. Overall, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices hit record highs at $593 per ton in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In October 2023, the countries with the highest prices were the UK ($395 per ton) and France ($363 per ton), while the average price for exports to Portugal ($267 per ton) and Italy ($271 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-2.2%), while the prices for the other major destinations experienced a decline.

Wood Pellets Price in Spain (CIF) - 2023

The average wood pellets import price stood at $340 per ton in October 2023, declining by -4.2% against the previous month. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in June 2023 when the average import price increased by 45% m-o-m. The import price peaked at $675 per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Portugal ($327 per ton), while the price for Turkey stood at $259 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (-5.1%).

Wood Pellets Exports in Spain

For the fourth year in a row, Spain recorded growth in overseas shipments of wood pellets, which increased by 261% to 384K tons in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood pellets exports soared to $83M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Wood Pellets in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	5.7	7.1	9.6	38.0	88.2%
Italy	5.6	4.9	8.8	18.9	50.0%
Portugal	1.0	2.8	0.3	18.0	162.1%
United Kingdom	4.8	2.7	2.4	4.2	-4.4%
Others	0.3	0.4	0.8	4.1	139.1%
Total	17.4	17.9	21.9	83.2	68.5%

Top Export Markets for Wood Pellets from Spain in 2022:

France (187.8K tons)
Italy (96.8K tons)
Portugal (70.5K tons)
United Kingdom (17.9K tons)

Wood Pellets Imports in Spain

In 2022, supplies from abroad of wood pellets was finally on the rise to reach 68K tons after two years of decline. Over the period under review, imports, however, showed a deep slump.

In value terms, wood pellets imports surged to $36M in 2022. Overall, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Wood Pellets in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	29.1	21.8	20.8	35.3	6.6%
France	0.8	0.2	0.2	0.2	-37.0%
Others	2.2	1.1	0.8	0.9	-25.8%
Total	32.2	23.1	21.8	36.5	4.3%

Top Suppliers of Wood Pellets to Spain in 2022:

Portugal (65.4K tons)
France (0.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wood pellets market in Spain. 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 1693 - Wood pellets

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023