Australia - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia Experiences Slight Decline in Solid Biofuel Imports, Dropping to $21 Million in 2023
Australia Solid Biofuel Imports
In 2023, solid biofuel imports into Australia stood at 34K tons, rising by 3.4% against the year before. Over the period under review, total imports indicated a resilient expansion from 2013 to 2023: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +117.3% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 24%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in years to come.
In value terms, solid biofuel imports declined remarkably to $21M (IndexBox estimates) in 2023. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at $25M in 2022, and then declined sharply in the following year.
| COUNTRY | Import Value of Solid Biofuel in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Indonesia | 5.3 | 4.2 | 3.1 | 3.4 | 5.6 | 6.7 | 5.8 | 8.1 | 7.9 | 8.4 | 7.3 |
| Vietnam | 0.1 | 0.2 | 0.4 | 0.8 | 1.0 | 1.5 | 1.6 | 1.3 | 3.3 | 5.2 | 4.1 |
| United States | 0.3 | 0.1 | 0.2 | 0.4 | 0.6 | 0.8 | 1.0 | 1.2 | 1.9 | 2.7 | 2.7 |
| Thailand | 0.7 | 0.9 | 0.8 | 0.9 | 1.3 | 1.3 | 1.2 | 1.0 | 1.6 | 2.0 | 1.2 |
| China | 0.8 | 0.7 | 0.5 | 0.3 | 0.3 | 0.6 | 0.3 | 0.2 | 0.5 | 1.0 | 1.1 |
| Malaysia | 0.4 | 0.5 | 0.4 | 0.6 | 0.8 | 0.7 | 0.9 | 0.6 | 1.0 | 1.0 | 0.8 |
| Paraguay | N/A | N/A | N/A | 0.1 | 0.1 | 0.3 | 0.1 | 0.2 | 0.3 | 1.1 | 0.8 |
| Singapore | 0.5 | 0.5 | 0.5 | 0.6 | 1.0 | 0.9 | 0.7 | 0.7 | 0.7 | 0.5 | N/A |
| Others | 0.9 | 0.9 | 1.6 | 1.4 | 2.1 | 2.0 | 1.4 | 2.3 | 2.1 | 3.0 | 2.8 |
| Total | 9.0 | 8.0 | 7.5 | 8.5 | 12.8 | 14.7 | 13.0 | 15.7 | 19.4 | 24.8 | 20.9 |
Imports by Country
In 2023, Indonesia (13K tons) constituted the largest solid biofuel supplier to Australia, accounting for a 39% share of total imports. Moreover, solid biofuel imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (5.7K tons), twofold. the United States (4.6K tons) ranked third in terms of total imports with a 13% share.
From 2013 to 2023, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+42.0% per year) and the United States (+36.9% per year).
In value terms, Indonesia ($7.3M), Vietnam ($4.1M) and the United States ($2.7M) were the largest solid biofuel suppliers to Australia, with a combined 68% share of total imports. Thailand, China, Malaysia, Paraguay and Singapore lagged somewhat behind, together comprising a further 19%.
Paraguay, with a CAGR of +58.2%, saw the highest growth rate of 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.
Imports by Type
In 2023, wood charcoal (28K tons) constituted the largest type of solid biofuels supplied to Australia, accounting for a 82% share of total imports. Moreover, wood charcoal exceeded the figures recorded for the second-largest type, wood pellets (6.2K tons), fourfold.
From 2013 to 2023, the average annual growth rate of the volume of wood charcoal imports amounted to +3.1%.
In value terms, wood charcoal ($18M) constituted the largest type of solid biofuels supplied to Australia, comprising 84% of total imports. The second position in the ranking was held by wood pellets ($3.3M), with a 16% share of total imports.
Import Prices by Country
In 2023, the solid biofuel price amounted to $616 per ton (CIF, Australia), shrinking by -18.5% against the previous year. Over the period under review, import price indicated a temperate expansion from 2013 to 2023: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $756 per ton in 2022, and then shrank notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($843 per ton), while the price for New Zealand ($335 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the solid biofuel market in Australia. 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.
Product coverage:
- FCL 1630 - Wood charcoal
- FCL 1693 - Wood pellets
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
