Report Update Feb 1, 2025

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

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Thailand: Wood Fuel Market 2025

Wood Fuel Market Size in Thailand

The Thai wood fuel market declined slightly to $X in 2022, flattening at the previous year. Overall, consumption, however, continues to indicate a noticeable contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Wood Fuel Production in Thailand

In value terms, wood fuel production reduced to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 240% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Wood Fuel Exports

Exports from Thailand

In 2022, overseas shipments of wood fuel decreased by -50% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,320%. Over the period under review, the exports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood fuel exports skyrocketed to $X in 2022. Overall, exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2016 when exports increased by 16,073%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X cubic meters) was the main destination for wood fuel exports from Thailand, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +32,100.0%.

Export Prices by Country

The average wood fuel export price stood at $X per cubic meter in 2022, growing by 379% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 1,039%. Over the period under review, the average export prices hit record highs in 2022 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 Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +32,100.0% per year.

Wood Fuel Imports

Imports into Thailand

In 2022, overseas purchases of wood fuel decreased by -12.3% to X cubic meters, falling for the third year in a row after three years of growth. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of 2,087%. As a result, imports reached the peak of X cubic meters. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, wood fuel imports reduced sharply to $X in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,541%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X cubic meters) was the main wood fuel supplier to Thailand, with a 95% share of total imports. It was followed by Malaysia (X cubic meters), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+17.0% per year) and France (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of wood fuel to Thailand, comprising 94% of total imports. The second position in the ranking was held by France ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and Malaysia (+8.4% per year).

Import Prices by Country

The average wood fuel import price stood at $X per cubic meter in 2022, declining by -4.4% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 395%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Malaysia ($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 Vietnam (-1.4%), 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. 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, together accounting for 30% of global production. 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 leading suppliers of wood fuel to Thailand?

In value terms, Germany constituted the largest supplier of wood fuel to Thailand, comprising 79% of total imports. The second position in the ranking was occupied by Portugal, with a 7.6% share of total imports.

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

In 2021, the average wood fuel export price amounted to $208 per cubic meter, remaining stable against the previous year.

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

The average wood fuel import price stood at $519 per cubic meter in 2021, with a decrease of -16.8% against the previous year.

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

Thailand

Data coverage:

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