Australia: Wood Fuel Market 2024

Wood Fuel Market Size in Australia

In 2022, the Australian wood fuel market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a slight decrease. Wood fuel consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wood Fuel Production in Australia

In value terms, wood fuel production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Wood Fuel Exports

Exports from Australia

In 2022, shipments abroad of wood fuel decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X cubic meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood fuel exports dropped significantly to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X cubic meters) was the main destination for wood fuel exports from Australia, accounting for a X% share of total exports. Moreover, wood fuel exports to China exceeded the volume sent to the second major destination, Japan (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for wood fuel exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average wood fuel export price amounted to $X per cubic meter, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to Japan ($X 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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced a decline.

Wood Fuel Imports

Imports into Australia

In 2022, after six years of growth, there was decline in overseas purchases of wood fuel, when their volume decreased by X% to X cubic meters. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X cubic meters in 2021, and then contracted slightly in the following year.

In value terms, wood fuel imports contracted to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Honduras (X cubic meters), China (X cubic meters) and the United States (X cubic meters) were the main suppliers of wood fuel imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), China ($X) and the United States ($X) were the largest wood fuel suppliers to Australia, together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood fuel import price amounted to $X per cubic meter, falling by X% against the previous year. Overall, the import price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per cubic meter. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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