Global Solid Biofuel Market 2022

Solid Biofuel Market Size

The global solid biofuel market totaled $X in 2021, therefore, remained relatively stable against the previous year. this figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period.The growth pace was the most rapid in 2018 with an increase of X the period under review, the global market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Solid Biofuel Production

In value terms, solid biofuel production fell slightly to $X in 2021 estimated in export price.The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.The growth pace was the most rapid in 2013 with an increase of X% against the previous year.Global production peaked at $X in 2020, and then contracted in the following year.

Solid Biofuel Exports

Exports

For the tenth year in a row, the global market recorded growth in overseas shipments of solid biofuels, which increased by X% to X tons in 2021.Over the period under review, exports showed a resilient expansion.The growth pace was the most rapid in 2013 when exports increased by X% against the previous year.Over the period under review, the global exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, solid biofuel exports rose modestly to $X in 2021.Overall, exports enjoyed prominent growth.The growth pace was the most rapid in 2018 when exports increased by X% against the previous year.Over the period under review, the global exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons), Vietnam (X tons), Latvia (X tons), Russia (X tons) and Estonia (X tons) were the key exporters of solid biofuels, together mixing up X% of total exports. The following exporters - Denmark (X tons), Austria (X tons), Germany (X tons), Indonesia (X tons), Poland (X tons), Lithuania (X tons) and Ukraine (X tons) - together made up X% of total exports.

Exports from the United States increased at an average annual rate of +X% from 2012 to 2021. At the same time, Denmark (+X%), Vietnam (+X%), Estonia (+X%), Russia (+X%), Indonesia (+X%), Poland (+X%), Latvia (+X%), Lithuania (+X%), Canada (+X%), Ukraine (+X%) and Austria (+X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. Germany experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States, Vietnam, Denmark and Russia increased by +X, +X, +X and +X percentage points, respectively. Germany (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest solid biofuel supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Canada ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2021, the average solid biofuel export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other global leaders experienced mixed trends in the export price figures.

Solid Biofuel Imports

Imports

In 2021, approx. X tons of solid biofuels were imported worldwide; picking up by X% on 2020.Overall, imports enjoyed a resilient expansion.The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year.Over the period under review, global imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, solid biofuel imports amounted to $X in 2021.In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, imports increased by +X% against 2018 indices.The growth pace was the most rapid in 2018 with an increase of X imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the UK (X tons) represented the major importer of solid biofuels, comprising X% of total imports. It was distantly followed by Japan (X tons), Denmark (X tons), the Netherlands (X tons), South Korea (X tons) and Italy (X tons), together committing a X% share of total imports. Belgium (X tons), france (X tons), latvia (X tons) and germany (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to solid biofuel imports into the UK stood at +X%. At the same time, Latvia (+X%), Japan (+X%), France (+X%), the Netherlands (+X%), Denmark (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. South korea experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the UK, Japan, Latvia and France increased by +X, +X, +X and +X percentage points, respectively. Germany (-X p.p.), Italy (-X p.p.), Belgium (-X p.p.), Denmark (-X p.p.) and South Korea (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), Japan ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of global imports. Denmark, italy, south korea, france, belgium, germany and latvia lagged somewhat behind, together accounting for a further X, with a cagr of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average solid biofuel import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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