Report Update Nov 1, 2024

Sri Lanka - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Wood Fuel Market 2024

Wood Fuel Market Size in Sri Lanka

The Sri Lankan wood fuel market amounted to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wood fuel consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wood Fuel Production in Sri Lanka

In value terms, wood fuel production totaled $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -1.0% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by 66%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wood Fuel Exports

Exports from Sri Lanka

In 2022, after three years of growth, there was significant decline in shipments abroad of wood fuel, when their volume decreased by -99.7% to X cubic meters. Overall, exports recorded a sharp reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 382%. Over the period under review, the exports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood fuel exports fell dramatically to $X in 2022. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 428% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X cubic meters) was the main destination for wood fuel exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -22.6%.

In value terms, the Netherlands ($X) emerged as the key foreign market for wood fuel exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled -12.7%.

Export Prices by Country

In 2022, the average wood fuel export price amounted to $X per cubic meter, increasing by 112% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +12.8% per year.

Wood Fuel Imports

Imports into Sri Lanka

Wood fuel imports into Sri Lanka surged to X cubic meters in 2016, with an increase of 1,833% on the previous year. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood fuel imports soared to $X in 2016. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2016, Estonia (X cubic meters) constituted the largest supplier of wood fuel to Sri Lanka, accounting for a 90% share of total imports. Moreover, wood fuel imports from Estonia exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), ninefold.

From 2012 to 2016, the average annual rate of growth in terms of volume from Estonia was relatively modest.

In value terms, Estonia ($X) constituted the largest supplier of wood fuel to Sri Lanka, comprising 100% of total imports. The second position in the ranking was taken by Turkey ($X), with a 0.2% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of value from Estonia was relatively modest.

Import Prices by Country

In 2016, the average wood fuel import price amounted to $X per cubic meter, increasing by 345% against the previous year. Over the period under review, the import price recorded measured growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per cubic meter), while the price for Turkey stood at $X per cubic meter.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Thailand (+4,900.0%).

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, together comprising 30% of global consumption. 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 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. Ethiopia, Democratic Republic of the Congo, Nigeria, the United States, Ghana, Uganda, Indonesia, Mexico, Myanmar and Pakistan lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of wood fuel to Sri Lanka?

In value terms, Serbia constituted the largest supplier of wood fuel to Sri Lanka.

What are the leading importers of wood fuel from Sri Lanka?

In value terms, Italy remains the key foreign market for wood fuel exports from Sri Lanka.

What is the average export price for wood fuel in Sri Lanka?

In 2021, the average wood fuel export price amounted to $144 per cubic meter, growing by 2.2% against the previous year.

What is the average import price for wood fuel in Sri Lanka?

In 2020, the average wood fuel import price amounted to $72 per cubic meter, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the wood fuel market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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