Israel: Wood Pellets Market 2023

Wood Pellets Market Size in Israel

In 2021, the Israeli wood pellets market decreased by -23.6% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, showed a significant expansion. Over the period under review, the market hit record highs at $X in 2020, and then contracted remarkably in the following year.

Wood Pellets Production in Israel

In value terms, wood pellets production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Wood pellets production peaked at $X in 2020, and then reduced slightly in the following year.

Wood Pellets Exports

Exports from Israel

For the fifth consecutive year, Israel recorded growth in shipments abroad of wood pellets, which increased by 9.5% to X tons in 2018. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 117%. The exports peaked in 2018 and are likely to continue growth in the immediate term.

In value terms, wood pellets exports reached $X in 2018. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 when exports increased by 203% against the previous year. Over the period under review, the exports hit record highs in 2018 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons), Cyprus (X tons) and the United States (X tons) were the main destinations of wood pellets exports from Israel, with a combined 94% share of total exports.

From 2012 to 2018, the biggest increases were in Italy (with a CAGR of +11.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Cyprus ($X) and Ghana ($X) appeared to be the largest markets for wood pellets exported from Israel worldwide, together comprising 91% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +10.4%, 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 2018, the average wood pellets export price amounted to $X per ton, increasing by 1.7% against the previous year. Overall, the export price saw a modest increase. The most prominent rate of growth was recorded in 2017 an increase of 40%. The export price peaked in 2018 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2018, the country with the highest price was Ghana ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.7%).

Wood Pellets Imports

Imports into Israel

In 2021, supplies from abroad of wood pellets decreased by -23.6% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 532%. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted significantly in the following year.

In value terms, wood pellets imports declined rapidly to $X in 2021. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 600% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped sharply in the following year.

Imports by Country

Germany (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of wood pellets imports to Israel, with a combined 73% share of total imports. Russia, Italy, Ukraine, Lithuania, Latvia, Sweden and Poland lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +98.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood pellets suppliers to Israel were Germany ($X), the United States ($X) and Spain ($X), together accounting for 69% of total imports.

The United States, with a CAGR of +59.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Sweden ($X per ton) and Ukraine ($X per ton), while the price for Russia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (-3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :