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Report Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Asia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Wood Pellets Market 2025

Wood Pellets Market Size in Asia

The Asian wood pellets market surged to $X in 2022, rising by 39% against the previous year. In general, consumption recorded a significant expansion. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Wood Pellets Production in Asia

In value terms, wood pellets production expanded to $X in 2022 estimated in export price. Overall, production saw significant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 150% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Wood Pellets Exports

Exports in Asia

In 2022, exports of wood pellets in Asia expanded remarkably to X tons, surging by 12% compared with the previous year. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 314% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, wood pellets exports amounted to $X in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2014 when exports increased by 358%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam was the largest exporting country with an export of around X tons, which finished at 70% of total exports. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together mixing up a 24% share of total exports. Turkey (X tons) held a little share of total exports.

Exports from Vietnam increased at an average annual rate of +55.8% from 2012 to 2022. At the same time, Turkey (+251.8%), Indonesia (+41.9%) and Malaysia (+32.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +251.8% from 2012-2022. Vietnam (+34 p.p.) and Turkey (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Malaysia saw its share reduced by -3.1% and -24.7% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest wood pellets supplier in Asia, comprising 72% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total exports. It was followed by Indonesia, with a 7.6% share.

In Vietnam, wood pellets exports increased at an average annual rate of +55.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+29.5% per year) and Indonesia (+41.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, falling by -5.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 19%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.5%), while the other leaders experienced a decline in the export price figures.

Wood Pellets Imports

Imports in Asia

For the seventh consecutive year, Asia recorded growth in supplies from abroad of wood pellets, which increased by 29% to X tons in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 238%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, wood pellets imports soared to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 246% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Japan (X tons) and South Korea (X tons) represented the major importer of wood pellets in Asia, generating 99% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of +50.7%).

In value terms, the largest wood pellets importing markets in Asia were Japan ($X) and South Korea ($X).

Among the main importing countries, Japan, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, jumping by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of wood pellets consumption in 2020 were South Korea, Japan and China, with a combined 95% share of total consumption.
The country with the largest volume of wood pellets production was Viet Nam, accounting for 57% of total volume. Moreover, wood pellets production in Viet Nam exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by Malaysia, with a 13% share.
In value terms, Viet Nam remains the largest wood pellets supplier in Asia, comprising 76% of total exports. The second position in the ranking was occupied by Malaysia, with a 13% share of total exports. It was followed by Indonesia, with a 7.4% share.
In value terms, the largest wood pellets importing markets in Asia were Japan and South Korea.
The wood pellets export price in Asia stood at $123 per ton in 2020, falling by -5.7% against the previous year.
The wood pellets import price in Asia stood at $155 per ton in 2020, declining by -4.2% against the previous year.

This report provides an in-depth analysis of the wood pellets market in Asia. 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 1693 - Wood pellets

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia, split by region and country
  • Trade (exports and imports) in Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Armenia
    • Azerbaijan
    • Bahrain
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cyprus
    • Georgia
    • India
    • Indonesia
    • Iran
    • Iraq
    • Israel
    • Japan
    • Jordan
    • Kazakhstan
    • Kuwait
    • Kyrgyzstan
    • Lebanon
    • Malaysia
    • Maldives
    • Mongolia
    • Myanmar
    • Nepal
    • Oman
    • Pakistan
    • Palestine
    • Philippines
    • Qatar
    • Saudi Arabia
    • Singapore
    • South Korea
    • Sri Lanka
    • Syrian Arab Republic
    • Taiwan (Chinese)
    • Tajikistan
    • Thailand
    • Timor-Leste
    • Turkey
    • Turkmenistan
    • United Arab Emirates
    • Uzbekistan
    • Vietnam
    • Yemen
    • Lao People's Democratic Republic
    • Democratic People's Republic of Korea

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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