EU: Solid Biofuel Market 2024

Solid Biofuel Market Size in the EU

The EU solid biofuel market rose significantly to $X in 2022, surging by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Solid Biofuel Production in the EU

In value terms, solid biofuel production contracted modestly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2013 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 the EU

In 2022, shipments abroad of solid biofuels decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, solid biofuel exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Latvia (X tons) and Estonia (X tons) represented the major exporters of solid biofuels in the European Union, together making up X% of total exports. It was distantly followed by Germany (X tons), Austria (X tons), Belgium (X tons), Lithuania (X tons), Poland (X tons), Portugal (X tons) and the Netherlands (X tons), together creating a X% share of total exports. The following exporters - Denmark (X tons), Spain (X tons), the Czech Republic (X tons) and Romania (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Austria, Poland, the Netherlands, Belgium, Lithuania, the Czech Republic, Portugal, Denmark, Spain and Romania lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Solid Biofuel Imports

Imports in the EU

In 2022, overseas purchases of solid biofuels increased by X% to X tons, rising for the seventh year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, solid biofuel imports soared to $X in 2022. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and Italy (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Belgium (X tons), France (X tons) and Germany (X tons), together creating a X% share of total imports. Poland (X tons), Austria (X tons), Latvia (X tons) and Sweden (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 Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Denmark ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. France, Belgium, Germany, Austria, Poland, Latvia and Sweden lagged somewhat behind, together comprising a further X%.

Latvia, 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

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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