United Kingdom: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in the UK

In 2022, the UK market for wood pellets and other agglomerates decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, enjoyed resilient growth. Wood pellets and other agglomerates consumption peaked at $X in 2021, and then fell in the following year.

Production of Wood Pellets And Other Agglomerates in the UK

In value terms, wood pellets and other agglomerates production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Wood Pellets And Other Agglomerates

Exports from the UK

In 2022, overseas shipments of wood pellets and other agglomerates were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wood pellets and other agglomerates exports soared to $X in 2022. Overall, exports enjoyed a pronounced increase. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Denmark (X tons) and Italy (X tons) were the main destinations of wood pellets and other agglomerates exports from the UK, together comprising X% of total exports. Ireland, Belgium, Sweden, Latvia, the Netherlands and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood pellets and other agglomerates exported from the UK were the Czech Republic ($X), Italy ($X) and Denmark ($X), together comprising X% of total exports. Belgium, Ireland, Sweden, Latvia, the Netherlands and France lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for wood pellets and other agglomerates amounted to $X per ton, rising by X% against the previous year. In general, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

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

Imports of Wood Pellets And Other Agglomerates

Imports into the UK

In 2022, purchases abroad of wood pellets and other agglomerates decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, wood pellets and other agglomerates imports declined to $X in 2022. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest wood pellets and other agglomerates supplier to the UK, accounting for a X% share of total imports. Moreover, wood pellets and other agglomerates imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold. The third position in this ranking was held by Latvia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Latvia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of wood pellets and other agglomerates to the UK, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Latvia (X% per year).

Import Prices by Country

The average import price for wood pellets and other agglomerates stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Estonia ($X per ton) and Portugal ($X per ton), while the price for Brazil ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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