Eastern Europe: Solid Biofuel Market 2025

Solid Biofuel Market Size in Eastern Europe

In 2022, after two years of decline, there was significant growth in the East European solid biofuel market, when its value increased by X% to $X. Overall, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Solid Biofuel Production in Eastern Europe

In value terms, solid biofuel production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Solid Biofuel Exports

Exports in Eastern Europe

Solid biofuel exports rose sharply to X tons in 2022, surging by X% compared with the previous year's figure. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, solid biofuel exports soared to $X in 2022. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Russia (X tons) represented the major exporter of solid biofuels, achieving X% of total exports. Latvia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Estonia (X%), Ukraine (X%), Belarus (X%), Lithuania (X%) and Poland (X%). The Czech Republic (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to solid biofuel exports from Russia stood at X%. At the same time, Ukraine (X%), Belarus (X%), Estonia (X%), Poland (X%), the Czech Republic (X%), Lithuania (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Russia, Ukraine and Belarus increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest solid biofuel supplying countries in Eastern Europe were Russia ($X), Latvia ($X) and Estonia ($X), together comprising X% of total exports. Poland, Ukraine, Lithuania, the Czech Republic and Belarus lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Solid Biofuel Imports

Imports in Eastern Europe

In 2022, after eight years of growth, there was significant decline in supplies from abroad of solid biofuels, when their volume decreased by X% to X tons. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, solid biofuel imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Poland (X tons) and Latvia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Bulgaria (X tons), Lithuania (X tons) and Romania (X tons), together constituting a X% share of total imports. The Czech Republic (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid biofuel importing markets in Eastern Europe were Poland ($X), Latvia ($X) and Bulgaria ($X), together accounting for X% of total imports. Romania, Lithuania, the Czech Republic and Slovakia lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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