Global Wood Pellets Market 2019 - the UK Emerge As the Largest Market for Pellet Exports From the USA

IndexBox has just published a new report: 'World - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global wood pellets market revenue amounted to $X in 2018, rising by X% 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). Over the period under review, the total market indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the wood pellets consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the global wood pellets market attained its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Production 2007-2018

In 2018, the amount of wood pellets produced worldwide amounted to X tons, going up by X% against the previous year. Overall, wood pellets production continues to indicate remarkable growth. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Global wood pellets production peaked in 2018 and is expected to retain its growth in the near future.

In value terms, wood pellets production amounted to $X in 2018 estimated in export prices. In general, the total output indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the wood pellets production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the output figure increased by X% against the previous year. Global wood pellets production peaked in 2018 and is expected to retain its growth in the near future.

Exports 2007-2018

Global exports totaled X tons in 2018, increasing by X% against the previous year. In general, wood pellets exports continue to indicate remarkable growth. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Global exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, wood pellets exports totaled $X in 2018. Overall, the total exports indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the wood pellets exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Global exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, the U.S. (X tons) was the largest exporter of wood pellets, comprising X% of total exports. It was distantly followed by Canada (X tons), Vietnam (X tons), Latvia (X tons), Russia (X tons) and Estonia (X tons), together comprising a X% share of total exports. The following exporters - Austria (X tons), Portugal (X tons), Malaysia (X tons), Lithuania (X tons), Germany (X tons) and Denmark (X tons) - together made up X% of total exports.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), Denmark (+X%), Malaysia (+X%), Russia (+X%), Estonia (+X%), Latvia (+X%), Canada (+X%), Lithuania (+X%) and Austria (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Portugal (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Vietnam (+X p.p.), Canada (+X p.p.), Latvia (+X p.p.), Russia (+X p.p.), Estonia (+X p.p.), Malaysia (+X p.p.), Austria (+X p.p.) and Denmark (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest wood pellets supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Canada ($X), with a X% share of global exports. It was followed by Latvia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (+X% per year) and Latvia (+X% per year).

Export Prices by Country

The average wood pellets export price stood at $X per kg in 2018, declining by -X% against the previous year. In general, the wood pellets export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for wood pellets attained their peak figure at $X per kg in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Germany ($X per kg), while Vietnam ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of wood pellets imported worldwide stood at X tons, jumping by X% against the previous year. Over the period under review, wood pellets imports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Global imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, wood pellets imports stood at $X in 2018. In general, wood pellets imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, global wood pellets imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the UK (X tons) was the main importer of wood pellets, comprising X% of total imports. Denmark (X tons) occupied the second position in the ranking, followed by South Korea (X tons), Italy (X tons) and Belgium (X tons). All these countries together occupied near X% share of total imports. Japan (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to wood pellets imports into the UK stood at +X%. At the same time, South Korea (+X%), Japan (+X%), Denmark (+X%), Italy (+X%), Austria (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2018. The UK (+X p.p.), South Korea (+X p.p.), Denmark (+X p.p.), Italy (+X p.p.) and Japan (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported wood pellets worldwide, comprising X% of global imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the UK amounted to +X%. In the other countries, the average annual rates were as follows: Denmark (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2018, the average wood pellets import price amounted to $X per kg, lowering by -X% against the previous year. Overall, the wood pellets import price continues to indicate a measured reduction. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. In that year, the average import prices for wood pellets attained their peak level of $X per kg. From 2015 to 2018, the growth in terms of the average import prices for wood pellets failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Italy ($X per kg), while South Korea ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by the UK, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform