United Kingdom - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Pellets Price in the UK - 2023
Contents:
- Wood Pellets Price in the UK (CIF) - 2023
- Wood Pellets Price in the UK (FOB) - 2023
- Wood Pellets Imports in the UK
- Wood Pellets Exports in the UK
Wood Pellets Price in the UK (CIF) - 2023
The average wood pellets import price stood at $219 per ton in November 2023, declining by -3.4% against the previous month. In general, the import price showed a mild setback. The growth pace was the most rapid in March 2023 an increase of 21% against the previous month. As a result, import price attained the peak level of $281 per ton. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from the United States ($233 per ton) and Portugal ($203 per ton), while the price for Canada ($175 per ton) and Latvia ($192 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.4%), while the prices for the other major suppliers experienced a decline.
Wood Pellets Price in the UK (FOB) - 2023
The average wood pellets export price stood at $411 per ton in November 2023, remaining relatively unchanged against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 47% against the previous month. As a result, the export price reached the peak level of $740 per ton. From April 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Ireland ($516 per ton), while the average price for exports to the Netherlands totaled $194 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Pellets Imports in the UK
After three years of growth, purchases abroad of wood pellets decreased by -18.3% to 7.5M tons in 2022. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 2.4% against the previous year.
In value terms, wood pellets imports declined to $1.6B in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4%. As a result, imports reached the peak of $1.8B, and then shrank in the following year.
| Import of Wood Pellets in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,062 | 1,136 | 1,113 | 1,048 | -0.4% |
| Canada | 274 | 263 | 278 | 215 | -7.8% |
| Latvia | 162 | 168 | 209 | 200 | 7.3% |
| Estonia | 64.5 | 48.4 | 67.8 | 43.8 | -12.1% |
| Portugal | 26.5 | 21.9 | 35.0 | 42.5 | 17.1% |
| Brazil | 22.4 | 35.5 | 30.3 | 35.8 | 16.9% |
| Russia | 39.6 | 45.1 | 50.5 | 16.7 | -25.0% |
| Others | 21.4 | 7.2 | 11.2 | 29.7 | 11.5% |
| Total | 1,672 | 1,726 | 1,795 | 1,631 | -0.8% |
Top Suppliers of Wood Pellets to the UK in 2022:
- United States (4933.3K tons)
- Canada (994.1K tons)
- Latvia (890.4K tons)
- Portugal (185.0K tons)
- Brazil (170.8K tons)
- Estonia (160.1K tons)
- Russia (91.0K tons)
Wood Pellets Exports in the UK
After two years of decline, shipments abroad of wood pellets increased by 2,345% to 42K tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wood pellets exports soared to $15M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wood Pellets in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | 0.2 | 84.7 | 3,689 | 13481.2% |
| Italy | 2.9 | 9.9 | N/A | 2,432 | 843.0% |
| Denmark | 7.8 | 2.5 | 3.4 | 1,991 | 534.3% |
| Belgium | 1.4 | 2.7 | N/A | 1,581 | 941.4% |
| Ireland | 1,227 | 742 | 426 | 645 | -19.3% |
| Latvia | N/A | N/A | N/A | 395 | 0% |
| Sweden | 0.3 | 1.2 | 22.9 | 173 | 732.4% |
| Netherlands | 78.5 | 8.0 | 13.8 | 29.8 | -27.6% |
| Poland | 821 | 0.1 | N/A | N/A | -100.0% |
| Others | 70.0 | 88.8 | 44.5 | 4,368 | 296.6% |
| Total | 2,209 | 856 | 595 | 15,302 | 90.6% |
Top Export Markets for Wood Pellets from the UK in 2022:
- Czech Republic (8.9K tons)
- Denmark (8.2K tons)
- Italy (5.8K tons)
- Belgium (3.8K tons)
- Ireland (2.2K tons)
- Latvia (1.1K tons)
- Sweden (0.6K tons)
- Netherlands (0.5K tons)
This report provides an in-depth analysis of the wood pellets market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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