U.S.: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in the U.S.

The U.S. wood fuel (non-coniferous) market expanded modestly to $X in 2020, surging by X% against the previous year. In general, the total consumption indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Production in the U.S.

In value terms, wood fuel (non-coniferous) production rose slightly to $X in 2020. Over the period under review, the total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Wood Fuel (Non-Coniferous) Exports

Exports from the U.S.

In 2020, approx. X cubic meters of wood fuel (non-coniferous) were exported from the U.S.; with a decrease of -X% compared with the previous year. In general, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Exports peaked at X cubic meters in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports contracted rapidly to $X in 2020. Over the period under review, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Mexico (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from the U.S., with a X% share of total exports. Moreover, wood fuel (non-coniferous) exports to Mexico exceeded the volume sent to the second major destination, Canada (X cubic meters), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Mexico stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and French Polynesia (+X% per year).

In value terms, Mexico ($X) remains the key foreign market for wood fuel (non-coniferous) exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and French Polynesia (+X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, remaining stable against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum in 2020 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was French Polynesia ($X per cubic meter), while the average price for exports to Mexico ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to French Polynesia, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into the U.S.

For the fifth year in a row, the U.S. recorded decline in supplies from abroad of wood fuel (non-coniferous), which decreased by -X% to X cubic meters in 2020. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, wood fuel (non-coniferous) imports declined notably to $X in 2020. Overall, imports saw a pronounced contraction. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

Canada (X cubic meters), China (X cubic meters) and Brazil (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to the U.S., together comprising X% of total imports. Malaysia, Vietnam, Indonesia, Italy, Russia, Estonia, Mexico and Denmark lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Estonia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and Brazil ($X) appeared to be the largest wood fuel (non-coniferous) suppliers to the U.S., with a combined X% share of total imports. Malaysia, Indonesia, Vietnam, Italy, Russia, Estonia, Mexico and Denmark lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Indonesia ($X per cubic meter) and China ($X per cubic meter), while the price for Estonia ($X per cubic meter) and Denmark ($X per cubic meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform