India: Wood Fuel Market 2025

Wood Fuel Market Size in India

The Indian wood fuel market rose significantly to $X in 2022, increasing by 10% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Wood Fuel Production in India

In value terms, wood fuel production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 177%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Wood Fuel Exports

Exports from India

In 2022, after two years of growth, there was significant decline in overseas shipments of wood fuel, when their volume decreased by -90.8% to X cubic meters. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 2,154%. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood fuel exports skyrocketed to $X in 2022. Over the period under review, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2017 when exports increased by 1,116% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nepal (X cubic meters), the United States (X cubic meters) and the United Arab Emirates (X cubic meters) were the main destinations of wood fuel exports from India, with a combined 79% share of total exports. Maldives, the UK, Canada and Switzerland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Nepal ($X) and the United States ($X) constituted the largest markets for wood fuel exported from India worldwide, together accounting for 84% of total exports. The UK, Canada, Maldives and Switzerland lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Canada, with a CAGR of +70.5%, 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 average wood fuel export price amounted to $X per cubic meter, increasing by 1,350% against the previous year. Overall, the export price, however, showed a drastic downturn. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Switzerland ($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 Qatar (+94.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel Imports

Imports into India

In 2022, approx. X cubic meters of wood fuel were imported into India; which is down by -27.1% against 2021. In general, imports saw a dramatic decline. The growth pace was the most rapid in 2018 when imports increased by 1,096%. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wood fuel imports contracted rapidly to $X in 2022. Over the period under review, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 616% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X cubic meters) and Vietnam (X cubic meters) were the main suppliers of wood fuel imports to India.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of 0.0%).

In value terms, Indonesia ($X) constituted the largest supplier of wood fuel to India, comprising 69% of total imports. The second position in the ranking was held by Vietnam ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled -8.0%.

Import Prices by Country

In 2022, the average wood fuel import price amounted to $X per cubic meter, picking up by 7.4% against the previous year. Overall, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 493%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Indonesia ($X per cubic meter), while the price for Vietnam stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+30.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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