Belarus: Wood Fuel Market 2024

Wood Fuel Market Size in Belarus

The Belarusian wood fuel market rose to $X in 2022, picking up by 2.9% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wood Fuel Production in Belarus

In value terms, wood fuel production amounted to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 27%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Wood Fuel Exports

Exports from Belarus

In 2022, approx. X cubic meters of wood fuel were exported from Belarus; declining by -34.4% compared with the previous year's figure. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 73%. The exports peaked at X cubic meters in 2021, and then declined remarkably in the following year.

In value terms, wood fuel exports fell remarkably to $X in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 73%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Germany (X cubic meters), the Netherlands (X cubic meters) and Lithuania (X cubic meters) were the main destinations of wood fuel exports from Belarus, with a combined 63% share of total exports. Belgium, Latvia, Denmark, Poland and France lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +47.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood fuel exported from Belarus were Germany ($X), the Netherlands ($X) and Lithuania ($X), with a combined 67% share of total exports. Belgium, Latvia, Denmark, France and Poland lagged somewhat behind, together comprising a further 27%.

Latvia, with a CAGR of +62.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood fuel export price amounted to $X per cubic meter, with an increase of 29% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per cubic meter), while the average price for exports to Poland ($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 Denmark (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel Imports

Imports into Belarus

In 2022, overseas purchases of wood fuel increased by 0.5% to X cubic meters, rising for the fourth consecutive year after two years of decline. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 794%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wood fuel imports totaled $X in 2022. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 375%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X cubic meters) was the main supplier of wood fuel to Belarus, accounting for a 97% share of total imports. It was followed by Lithuania (X cubic meters), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +31.8%.

In value terms, Russia ($X) constituted the largest supplier of wood fuel to Belarus, comprising 86% of total imports. The second position in the ranking was taken by Lithuania ($X), with an 8.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +36.9%.

Import Prices by Country

In 2022, the average wood fuel import price amounted to $X per cubic meter, almost unchanged from the previous year. Over the period under review, the import price faced a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 91%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per cubic meter), while the price for Russia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.9%).

Source: IndexBox Platform

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