
Luxembourg - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights
Luxembourg: Wood Pellets Market 2023
Wood Pellets Market Size in Luxembourg
The Luxembourg wood pellets market totaled $X in 2021, growing by 6.4% against the previous year. In general, consumption recorded a significant expansion. Wood pellets consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.
Wood Pellets Production in Luxembourg
In value terms, wood pellets production rose rapidly to $X in 2021 estimated in export price. Overall, production saw a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 342% against the previous year. Wood pellets production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.
Wood Pellets Exports
Exports from Luxembourg
In 2021, overseas shipments of wood pellets increased by 12% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 126% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, wood pellets exports rose significantly to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 136%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Germany (X tons) was the main destination for wood pellets exports from Luxembourg, accounting for a 74% share of total exports. Moreover, wood pellets exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold.
From 2012 to 2021, the average annual growth rate of volume to Germany totaled +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+57.9% per year) and Belgium (-7.6% per year).
In value terms, Germany ($X) remains the key foreign market for wood pellets exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was held by France ($X), with a 27% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Germany stood at +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+57.4% per year) and Belgium (-7.1% per year).
Export Prices by Country
In 2021, the average wood pellets export price amounted to $X per ton, shrinking by -4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2014 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Wood Pellets Imports
Imports into Luxembourg
In 2021, approx. X tons of wood pellets were imported into Luxembourg; picking up by 43% against 2020 figures. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 210% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, wood pellets imports soared to $X in 2021. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 160%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.
Imports by Country
In 2021, Belgium (X tons) constituted the largest wood pellets supplier to Luxembourg, accounting for a 80% share of total imports. Moreover, wood pellets imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold.
From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.1% per year) and Poland (+69.6% per year).
In value terms, Belgium ($X) constituted the largest supplier of wood pellets to Luxembourg, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Belgium totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.0% per year) and Poland (+72.7% per year).
Import Prices by Country
In 2021, the average wood pellets import price amounted to $X per ton, waning by -10.2% against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood pellets market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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