EU: Wood Fuel Market 2025

Wood Fuel Market Size in the EU

The EU wood fuel market was estimated at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Wood Fuel Production in the EU

In value terms, wood fuel production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Wood Fuel Exports

Exports in the EU

In 2022, overseas shipments of wood fuel increased by 5% to X cubic meters, rising for the third year in a row after five years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. The volume of export peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wood fuel exports soared to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from Latvia (X cubic meters), Croatia (X cubic meters) and France (X cubic meters), together reaching 50% of total export. Lithuania (X cubic meters) ranks next in terms of the total exports with a 6.3% share, followed by Slovenia (5.9%), Estonia (5.5%) and Germany (5.2%). Spain (X cubic meters), Poland (X cubic meters), the Czech Republic (X cubic meters), Hungary (X cubic meters), Belgium (X cubic meters) and Romania (X cubic meters) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +13.8%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Croatia ($X) and Lithuania ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 53% of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of +21.1%, recorded the highest rates of growth with regard to 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 the European Union amounted to $X per cubic meter, increasing by 22% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel export price increased by +54.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 27%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 ($X per cubic meter), while France ($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 Latvia (+8.3%), while the other leaders experienced more modest paces of growth.

Wood Fuel Imports

Imports in the EU

Wood fuel imports contracted to X cubic meters in 2022, which is down by -5.8% compared with the previous year's figure. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports hit record highs at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wood fuel imports amounted to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X cubic meters), Germany (X cubic meters), Sweden (X cubic meters), Romania (X cubic meters), Austria (X cubic meters), Slovenia (X cubic meters), Slovakia (X cubic meters), France (X cubic meters), Poland (X cubic meters), Finland (X cubic meters), Croatia (X cubic meters) and Denmark (X cubic meters) represented the major importer of wood fuel in the European Union, mixing up 83% of total import.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) were the countries with the highest levels of imports in 2022, with a combined 39% share of total imports. Slovenia, France, Romania, Denmark, Sweden, Croatia, Finland, Slovakia and Poland lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, Croatia, with a CAGR of +35.8%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per cubic meter, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2018 when the import price increased by 15% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per cubic meter), while Slovakia ($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 Romania (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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