EU: Wood Pellets Market 2024

Wood Pellets Market Size in the EU

The EU wood pellets market surged to $X in 2022, growing by X% against the previous year. The total consumption indicated a remarkable 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, consumption increased by X% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Pellets Production in the EU

In value terms, wood pellets production reduced slightly to $X in 2022 estimated in export price. The total production indicated a strong 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 was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Wood Pellets Exports

Exports in the EU

In 2022, shipments abroad of wood pellets decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, wood pellets exports surged to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Latvia (X tons) and Estonia (X tons) represented the main exporters of wood pellets in the European Union, together accounting for near X% of total exports. It was distantly followed by Germany (X tons), Austria (X tons), Belgium (X tons), Lithuania (X tons), Portugal (X tons) and Denmark (X tons), together creating a X% share of total exports. The following exporters - Poland (X tons), the Czech Republic (X tons), Romania (X tons), Spain (X tons) and the Netherlands (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (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 Austria ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Germany, Belgium, Lithuania, Poland, the Netherlands, the Czech Republic, Portugal, Denmark, Romania and Spain lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($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.

Wood Pellets Imports

Imports in the EU

In 2022, supplies from abroad of wood pellets increased by X% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, wood pellets imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons), the Netherlands (X tons) and Denmark (X tons) represented the largest importer of wood pellets in the European Union, committing X% of total import. It was distantly followed by Belgium (X tons) and France (X tons), together generating a X% share of total imports. Germany (X tons), Austria (X tons), Poland (X tons) and Latvia (X tons) held a relatively small share of total imports.

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

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

In terms of the main importing countries, France, 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, rising by X% against the previous year. Over the last decade, 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 France ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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