Report Update Jan 1, 2025

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

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Sri Lanka: Wood Pellets Market 2025

Wood Pellets Market Size in Sri Lanka

The Sri Lankan wood pellets market expanded remarkably to $X in 2022, growing by 14% against the previous year. In general, consumption enjoyed a significant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wood Pellets Production in Sri Lanka

In value terms, wood pellets production rose significantly to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 32% against the previous year. Wood pellets production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wood Pellets Exports

Exports from Sri Lanka

In 2022, exports of wood pellets from Sri Lanka declined markedly to X tons, reducing by -20.6% on 2021 figures. In general, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 145% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wood pellets exports rose significantly to $X in 2022. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by 105%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for wood pellets exports from Sri Lanka, accounting for a 89% share of total exports. Moreover, wood pellets exports to Oman exceeded the volume sent to the second major destination, Germany (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to -22.4%.

In value terms, the largest markets for wood pellets exported from Sri Lanka were Germany ($X) and Oman ($X).

Among the main countries of destination, Germany, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2022, increasing by 40% against the previous year. Overall, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+154.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Pellets Imports

Imports into Sri Lanka

In 2022, supplies from abroad of wood pellets decreased by 0% to X tons, falling for the second year in a row after four years of growth. In general, imports showed significant growth. The growth pace was the most rapid in 2018 when imports increased by 2,400%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, wood pellets imports stood at $X in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 2,761%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of wood pellets to Sri Lanka, accounting for a approx. 50% share of total imports.

From 2015 to 2022, the average annual growth rate of volume from Germany amounted to +1,958.6%.

In value terms, Germany ($X) constituted the largest supplier of wood pellets to Sri Lanka.

From 2015 to 2022, the average annual growth rate of value from Germany stood at +2,907.8%.

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price saw a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2015 to 2022, the rate of growth in terms of prices for China amounted to +57.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of wood pellets consumption was the UK, 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.

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

United States constituted the country with the largest volume of wood pellets production, comprising approx. 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.

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

In value terms, China $467) constituted the largest supplier of wood pellets to Sri Lanka.

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

In value terms, the largest markets for wood pellets exported from Sri Lanka were South Korea $373) and Sweden $332).

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

The average wood pellets export price stood at $209 per ton in 2019, surging by 27% against the previous year.

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

The average wood pellets import price stood at $1,159 per ton in 2019, increasing by 89% against the previous year.

This report provides an in-depth analysis of the wood pellets 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 1693 - Wood pellets

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024