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Report World - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Global Wood Pellets Market 2024

Wood Pellets Market Size

The global wood pellets market rose significantly to $X in 2022, growing by 10% against the previous year. In general, consumption, however, posted a strong increase. Over the period under review, the global market hit record highs in 2022 and is likely to see gradual growth in the near future.

Wood Pellets Production

In value terms, wood pellets production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 -0.8% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 22% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wood Pellets Exports

Exports

In 2022, approx. X tons of wood pellets were exported worldwide; surging by 6.4% against 2021 figures. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 31%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wood pellets exports soared to $X in 2022. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 37%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, the United States (X tons) represented the largest exporter of wood pellets, committing 28% of total exports. Canada (X tons) took the second position in the ranking, followed by Vietnam (X tons), Russia (X tons) and Latvia (X tons). All these countries together held approx. 33% share of total exports. Estonia (X tons), Denmark (X tons), Austria (X tons), Germany (X tons), Belarus (X tons), Malaysia (X tons), Ukraine (X tons) and Lithuania (X tons) held a relatively small share of total exports.

Exports from the United States increased at an average annual rate of +16.9% from 2012 to 2022. At the same time, Vietnam (+55.8%), Denmark (+37.1%), Malaysia (+32.1%), Belarus (+21.0%), Ukraine (+20.4%), Russia (+12.4%), Estonia (+12.4%), Canada (+9.8%), Lithuania (+8.0%), Latvia (+6.7%) and Austria (+4.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +55.8% from 2012-2022. By contrast, Germany (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Vietnam, Denmark, Ukraine and Malaysia increased by +8.9, +8.8, +3.1, +1.8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest wood pellets supplier worldwide, comprising 25% of global exports. The second position in the ranking was held by Canada ($X), with an 8.7% share of global exports. It was followed by Vietnam, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +19.7%. In the other countries, the average annual rates were as follows: Canada (+9.8% per year) and Vietnam (+55.1% per year).

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2022, jumping by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the other global leaders experienced more modest paces of growth.

Wood Pellets Imports

Imports

After ten years of growth, overseas purchases of wood pellets decreased by less than 0.1% to X tons in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 40% against the previous year. Over the period under review, global imports attained the peak figure at X tons in 2021, and then declined modestly in the following year.

In value terms, wood pellets imports surged to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 45%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X tons), distantly followed by Japan (X tons), South Korea (X tons), Denmark (X tons), the Netherlands (X tons) and Italy (X tons) were the key importers of wood pellets, together mixing up 81% of total imports. Belgium (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of +50.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest wood pellets importing markets worldwide were the UK ($X), Japan ($X) and South Korea ($X), together comprising 50% of global imports.

Japan, with a CAGR of +47.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2022, picking up by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price attained 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 ($X per ton), while South Korea ($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 (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The UK constituted the country with the largest volume of wood pellets consumption, accounting for 23% of total volume. Moreover, wood pellets consumption in the UK exceeded the figures recorded by the second-largest consumer, Italy, threefold. The third position in this ranking was occupied by the Netherlands, with a 6.5% share.
The country with the largest volume of wood pellets production was United States, accounting for 19% of total volume. Moreover, wood pellets production in United States exceeded the figures recorded by the second-largest producer, Canada, twofold. Viet Nam ranked third in terms of total production with a 7.4% share.
In value terms, United States remains the largest wood pellets supplier worldwide, comprising 22% of global exports. The second position in the ranking was occupied by Canada, with a 9% share of global exports. It was followed by Viet Nam, with a 8.6% share.
In value terms, the UK constitutes the largest market for imported wood pellets worldwide, comprising 29% of global imports. The second position in the ranking was occupied by Italy, with a 12% share of global imports. It was followed by the Netherlands, with a 11% share.
In 2020, the average wood pellets export price amounted to $153 per ton, reducing by -3% against the previous year.
In 2020, the average wood pellets import price amounted to $165 per ton, with a decrease of -1.9% against the previous year.

This report provides an in-depth analysis of the global wood pellets market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1693 - Wood pellets

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Enviva, Graanul Invest, Drax Biomass, Pinnacle, An Viet Phat, American Wood Fibers, B&B Charcoal Co., Cookshack, Northwoods Smoke of Minnesota, Grilla Grills, Mallard Creek, H. Arnold Wood Turning, Solagen, Quality Box Ltd., Fruita Wood Chunks, Eco Wood Recycling Products, Pacific Bioenergy Corporation, Manke Lumber Co., Granules LG Inc, Confluence Energy, Jim C. Hamer Lumber Co., Easy Heat Wood Pellets, Vulcan Wood Products

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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