EU: Solid Biofuel Market 2024

Solid Biofuel Market Size in the EU

The EU solid biofuel market soared to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a prominent expansion 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, consumption increased by X% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Solid Biofuel Production in the EU

In value terms, solid biofuel production declined slightly to $X in 2022 estimated in export price. The total production indicated a pronounced increase 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Solid Biofuel Exports

Exports in the EU

In 2022, overseas shipments of solid biofuels decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, solid biofuel exports surged to $X in 2022. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Latvia (X tons) and Estonia (X tons) were the major exporters of solid biofuels in the European Union, together recording near X% of total exports. Germany (X tons) ranks next in terms of the total exports with a X% share, followed by Austria (X%), Belgium (X%), Lithuania (X%), Poland (X%) and Portugal (X%). The following exporters - Denmark (X tons), the Netherlands (X tons), Spain (X tons), the Czech Republic (X tons) and Romania (X tons) - each recorded a X% share of total exports.

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

In value terms, Latvia ($X), Estonia ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Austria, Poland, Belgium, the Netherlands, Lithuania, the Czech Republic, Portugal, Spain, Denmark and Romania lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Solid Biofuel Imports

Imports in the EU

In 2022, supplies from abroad of solid biofuels increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Total imports indicated strong growth 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 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, solid biofuel imports skyrocketed to $X in 2022. Over the period under review, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of solid biofuels, namely Italy, the Netherlands and Denmark, represented more than half of total import. Belgium (X tons) ranks next in terms of the total imports with an X% share, followed by France (X%). Germany (X tons), Poland (X tons), Austria (X tons), Latvia (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid biofuel importing markets in the European Union were Italy ($X), the Netherlands ($X) and Denmark ($X), with a combined X% share of total imports. France, Belgium, Germany, Austria, Poland, Latvia and Sweden lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached 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 Germany ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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