Australia: Wood Fuel Market 2024

Wood Fuel Market Size in Australia

The Australian wood fuel market dropped to $X in 2022, with a decrease of -5.1% against the previous year. Overall, consumption, however, showed a deep setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wood Fuel Production in Australia

In value terms, wood fuel production declined to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 76%. Wood fuel production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wood Fuel Exports

Exports from Australia

In 2022, overseas shipments of wood fuel decreased by -53.6% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 620%. Over the period under review, the exports attained the maximum at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wood fuel exports dropped sharply to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 874% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China (X cubic meters) was the main destination for wood fuel exports from Australia, with a 93% share of total exports. Moreover, wood fuel exports to China exceeded the volume sent to the second major destination, Japan (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+43.5% per year) and Taiwan (Chinese) (-15.5% per year).

In value terms, China ($X) remains the key foreign market for wood fuel exports from Australia, comprising 72% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+23.3% per year) and Japan (-0.3% per year).

Export Prices by Country

In 2022, the average wood fuel export price amounted to $X per cubic meter, jumping by 23% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+45.9%), while the prices for the other major destinations experienced a decline.

Wood Fuel Imports

Imports into Australia

After six years of growth, purchases abroad of wood fuel decreased by -4.2% to X cubic meters in 2022. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 468% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2021, and then declined slightly in the following year.

In value terms, wood fuel imports fell to $X in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 257%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Honduras (X cubic meters), China (X cubic meters) and the United States (X cubic meters) were the main suppliers of wood fuel imports to Australia, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +81.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood fuel suppliers to Australia were Honduras ($X), China ($X) and the United States ($X), with a combined 97% share of total imports.

Among the main suppliers, China, with a CAGR of +91.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood fuel import price stood at $X per cubic meter in 2022, reducing by -4.2% against the previous year. Overall, the import price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 144% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+141.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :