U.S.: Wood Fuel Market 2024

Wood Fuel Market Size in the U.S.

The U.S. wood fuel market contracted to $X in 2022, dropping by -8.1% against the previous year. In general, consumption, however, recorded a resilient increase. Wood fuel consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wood Fuel Production in the U.S.

In value terms, wood fuel production contracted to $X in 2022. Overall, production, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 2,973%. Wood fuel production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wood Fuel Exports

Exports from the U.S.

In 2022, overseas shipments of wood fuel were finally on the rise to reach X cubic meters after two years of decline. In general, exports, however, faced a precipitous shrinkage. Over the period under review, the exports reached the peak figure at X cubic meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wood fuel exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for wood fuel exports from the United States, accounting for a 80% share of total exports. Moreover, wood fuel exports to China exceeded the volume sent to the second major destination, Mexico (X cubic meters), more than tenfold. The third position in this ranking was taken by Vietnam (X cubic meters), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-15.3% per year) and Vietnam (+435.4% per year).

In value terms, China ($X) emerged as the key foreign market for wood fuel exports from the United States, comprising 66% of total exports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total exports. It was followed by Vietnam, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +79.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+15.2% per year) and Vietnam (+355.2% per year).

Export Prices by Country

In 2022, the average wood fuel export price amounted to $X per cubic meter, shrinking by -43.1% against the previous year. Over the period under review, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel Imports

Imports into the U.S.

Wood fuel imports into the United States shrank dramatically to X cubic meters in 2022, falling by -55% on the previous year's figure. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by 367%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wood fuel imports contracted remarkably to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 368%. Over the period under review, imports hit record highs at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Latvia (X cubic meters), Mexico (X cubic meters) and Canada (X cubic meters) were the main suppliers of wood fuel imports to the United States, together comprising 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +26.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest wood fuel suppliers to the United States were Canada ($X), Latvia ($X) and Mexico ($X), with a combined 76% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +47.8%, 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

In 2022, the average wood fuel import price amounted to $X per cubic meter, rising by 62% against the previous year. In general, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Honduras ($X per cubic meter), while the price for Lithuania ($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 Honduras (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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