Eastern Europe: Wood Fuel Market 2024

Wood Fuel Market Size in Eastern Europe

The East European wood fuel market expanded significantly to $X in 2022, picking up by X% against the previous year. In general, consumption recorded pronounced growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Wood Fuel Production in Eastern Europe

In value terms, wood fuel production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wood Fuel Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was decline in shipments abroad of wood fuel, when their volume decreased by X% to X cubic meters. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wood fuel exports skyrocketed to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Latvia was the key exporter of wood fuel in Eastern Europe, with the volume of exports accounting for X cubic meters, which was approx. X% of total exports in 2022. Ukraine (X cubic meters) took the second position in the ranking, followed by Lithuania (X cubic meters), Estonia (X cubic meters), the Czech Republic (X cubic meters) and Poland (X cubic meters). All these countries together took near X% share of total exports. Hungary (X cubic meters) took a little share of total exports.

Latvia was also the fastest-growing in terms of the wood fuel exports, with a CAGR of X% from 2012 to 2022. At the same time, Lithuania (X%), Poland (X%), the Czech Republic (X%) and Estonia (X%) displayed positive paces of growth. By contrast, Ukraine (X%) and Hungary (X%) illustrated a downward trend over the same period. Latvia (X p.p.), Lithuania (X p.p.), Estonia (X p.p.), Poland (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary and Ukraine saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Latvia ($X) remains the largest wood fuel supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with an X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Latvia stood at X%. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per cubic meter, jumping by X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per cubic meter), while the Czech Republic ($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 Ukraine (X%), while the other leaders experienced more modest paces of growth.

Wood Fuel Imports

Imports in Eastern Europe

In 2022, wood fuel imports in Eastern Europe plummeted to X cubic meters, which is down by X% compared with the previous year's figure. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wood fuel imports reached $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Romania (X cubic meters), distantly followed by Poland (X cubic meters), Slovakia (X cubic meters), Lithuania (X cubic meters), Latvia (X cubic meters), Hungary (X cubic meters) and Estonia (X cubic meters) were the largest importers of wood fuel, together making up X% of total imports.

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

In value terms, Romania ($X) constitutes the largest market for imported wood fuel in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Romania amounted to X%. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and Latvia (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per cubic meter in 2022, increasing by X% against the previous year. Overall, the import price posted a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per cubic meter), while Poland ($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 Latvia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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