
Bangladesh - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
Bangladesh: Wood Pellets Market 2023
Wood Pellets Market Size in Bangladesh
In 2021, after two years of decline, there was significant growth in the Bangladeshi wood pellets market, when its value increased by 28% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.
Wood Pellets Production in Bangladesh
In value terms, wood pellets production fell to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.
Wood Pellets Exports
Exports from Bangladesh
After three years of growth, shipments abroad of wood pellets decreased by -18.8% to X tons in 2021. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 671% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, wood pellets exports contracted remarkably to $X in 2021. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 748%. The exports peaked at $X in 2020, and then fell dramatically in the following year.
Exports by Country
The United Arab Emirates (X tons) was the main destination for wood pellets exports from Bangladesh, accounting for a 84% share of total exports. Moreover, wood pellets exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), fivefold.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +54.9%.
In value terms, the United Arab Emirates ($X) emerged as the key foreign market for wood pellets exports from Bangladesh, comprising 84% of total exports. The second position in the ranking was taken by Qatar ($X), with a 16% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +69.0%.
Export Prices by Country
In 2021, the average wood pellets export price amounted to $X per ton, declining by -7.8% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 48%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+51.9%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Pellets Imports
Imports by Country
In 2012, Germany (X kg) was the main supplier of wood pellets to Bangladesh, accounting for a approx. 100% share of total imports.
From 2012 to 2012, the average annual growth rate of volume from Germany was relatively modest.
In value terms, Germany ($X) constituted the largest supplier of wood pellets to Bangladesh.
From 2012 to 2012, the average annual growth rate of value from Germany was relatively modest.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood pellets market in Bangladesh. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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