Norway: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Norway

In 2020, the Norwegian wood fuel (non-coniferous) market increased by X% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption saw a slight decrease. The pace of growth was the most pronounced in 2019 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

Wood Fuel (Non-Coniferous) Production in Norway

In value terms, wood fuel (non-coniferous) production rose sharply to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Wood fuel (non-coniferous) production peaked at $X in 2009; however, from 2010 to 2020, production stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Norway

In 2020, overseas shipments of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the second consecutive year after four years of growth. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X cubic meters in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports shrank notably to $X in 2020. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X cubic meters), Turkey (X cubic meters) and the Netherlands (X cubic meters) were the main destinations of wood fuel (non-coniferous) exports from Norway, with a combined X% share of total exports. Denmark, Vietnam and Estonia lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Vietnam (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for wood fuel (non-coniferous) exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Denmark (-X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, which is down by -X% against the previous year. Overall, the export price showed a slight decrease. The pace of growth was the most pronounced in 2019 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per cubic meter in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to Turkey ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Wood Fuel (Non-Coniferous) Imports

Imports into Norway

In 2020, after three years of growth, there was significant decline in supplies from abroad of wood fuel (non-coniferous), when their volume decreased by -X% to X cubic meters. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Imports peaked at X cubic meters in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) imports fell significantly to $X in 2020. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports remained at a lower figure.

Imports by Country

Sweden (X cubic meters), Denmark (X cubic meters) and Estonia (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to Norway, together accounting for X% of total imports. These countries were followed by Lithuania, Ukraine, the Netherlands, Latvia, Poland, the U.S., Germany, China and Belgium, which together accounted for a further X 2007 to 2020, the biggest increases were in Ukraine, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Lithuania ($X) and Denmark ($X) appeared to be the largest wood fuel (non-coniferous) suppliers to Norway, with a combined X% share of total imports. Estonia, the Netherlands, Ukraine, Latvia, Poland, Germany, the U.S., China and Belgium lagged somewhat behind, together accounting for a further X terms of the main suppliers, Ukraine saw the highest rates of growth with regard to 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

The average wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% y-o-y. The import price peaked in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Lithuania ($X per cubic meter), while the price for Estonia ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform