EU: Wood Fuel Market 2024

Wood Fuel Market Size in the EU

In 2022, the EU wood fuel market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Fuel Production in the EU

In value terms, wood fuel production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Wood Fuel Exports

Exports in the EU

In 2022, shipments abroad of wood fuel increased by X% to X cubic meters, rising for the third consecutive year after five years of decline. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained 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 a resilient 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, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of wood fuel, namely Latvia, Croatia and France, represented more than third of total export. Slovenia (X cubic meters) held the next position in the ranking, followed by Lithuania (X cubic meters), Germany (X cubic meters) and Estonia (X cubic meters). All these countries together held near X% share of total exports. The following exporters - the Czech Republic (X cubic meters), Poland (X cubic meters), Spain (X cubic meters), Hungary (X cubic meters), Belgium (X cubic meters) and Finland (X cubic meters) - together made up X% of total exports.

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

In value terms, the largest wood fuel supplying countries in the European Union were Latvia ($X), Croatia ($X) and Lithuania ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 cubic meter, jumping by X% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price 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, wood fuel export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 ($X per cubic meter), while Finland ($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.

Wood Fuel Imports

Imports in the EU

In 2022, overseas purchases of wood fuel increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wood fuel imports soared to $X in 2022. In general, imports recorded tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy was the major importer of wood fuel in the European Union, with the volume of imports resulting at X cubic meters, which was near X% of total imports in 2022. It was distantly followed by Germany (X cubic meters), Sweden (X cubic meters) and Slovenia (X cubic meters), together committing an X% share of total imports. The following importers - Romania (X cubic meters), Austria (X cubic meters), France (X cubic meters), Poland (X cubic meters), Denmark (X cubic meters), Croatia (X cubic meters), Finland (X cubic meters), Greece (X cubic meters) and Slovakia (X cubic meters) - together made up X% of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, Croatia (X%), Poland (X%), France (X%), Finland (X%), Slovakia (X%) and Germany (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Slovenia (X%), Romania (X%), Sweden (X%), Denmark (X%), Austria (X%) and Greece (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Poland, Croatia and France increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported wood fuel in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Italy stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovenia (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per cubic meter in 2022, surging by X% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price 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, wood fuel import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while Poland ($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 Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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