Report Update Nov 1, 2024

Portugal - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Wood Fuel Market 2024

Wood Fuel Market Size in Portugal

In 2022, the Portuguese wood fuel market increased by 0.1% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Wood Fuel Production in Portugal

In value terms, wood fuel production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 186%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Wood Fuel Exports

Exports from Portugal

In 2022, the amount of wood fuel exported from Portugal declined to X cubic meters, with a decrease of -6% on the previous year's figure. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 471% against the previous year. The exports peaked at X cubic meters in 2021, and then dropped in the following year.

In value terms, wood fuel exports reduced sharply to $X in 2022. In general, exports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of 271%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X cubic meters) was the main destination for wood fuel exports from Portugal, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +17.5%.

In value terms, Spain ($X) also remains the key foreign market for wood fuel exports from Portugal.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +2.2%.

Export Prices by Country

The average wood fuel export price stood at $X per cubic meter in 2022, waning by -12.6% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +22.9% per year.

Wood Fuel Imports

Imports into Portugal

In 2022, overseas purchases of wood fuel were finally on the rise to reach X cubic meters for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports showed a strong increase. Over the period under review, imports attained the peak figure at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wood fuel imports skyrocketed to $X in 2022. In general, imports posted a resilient increase. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest wood fuel supplier to Portugal, with a 88% share of total imports. Moreover, wood fuel imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+63.9% per year) and France (+41.2% per year).

In value terms, Spain ($X), Germany ($X) and France ($X) constituted the largest wood fuel suppliers to Portugal, with a combined 96% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +52.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wood fuel import price stood at $X per cubic meter in 2022, declining by -42.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 93% against the previous year. The import price peaked at $X per cubic meter in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Spain ($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 Spain (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood fuel in the world?

The countries with the highest volumes of wood fuel consumption in 2021 were India, China and Brazil, with a combined 30% share of global consumption. Ethiopia, Democratic Republic of the Congo, Nigeria, the United States, Ghana, Uganda, Indonesia, Mexico, Myanmar and Pakistan lagged somewhat behind, together comprising a further 30%.

What are the largest producers of wood fuel in the world?

The countries with the highest volumes of wood fuel production in 2021 were India, China and Brazil, with a combined 30% share of global production. These countries were followed by Ethiopia, Democratic Republic of the Congo, Nigeria, the United States, Ghana, Uganda, Indonesia, Mexico, Myanmar and Pakistan, which together accounted for a further 30%.

What are the leading suppliers of wood fuel to Portugal?

In value terms, Germany constituted the largest supplier of wood fuel to Portugal, comprising 73% of total imports. The second position in the ranking was occupied by Spain, with a 16% share of total imports.

What are the leading importers of wood fuel from Portugal?

In value terms, Spain remains the key foreign market for wood fuel exports from Portugal, comprising 92% of total exports. The second position in the ranking was occupied by Finland, with a 6.1% share of total exports.

What is the average export price for wood fuel in Portugal?

In 2021, the average wood fuel export price amounted to $22 per cubic meter, reducing by -32.5% against the previous year.

What is the average import price for wood fuel in Portugal?

In 2021, the average wood fuel import price amounted to $98 per cubic meter, jumping by 65% against the previous year.

This report provides an in-depth analysis of the wood fuel market in Portugal. 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 1627 - Wood fuel, coniferous (production)
FCL 1628 - Wood fuel, non-coniferous (production)

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023