Report Update Jan 1, 2025

Vietnam - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Wood Pellets Market 2025

Wood Pellets Market Size in Vietnam

The Vietnamese wood pellets market declined rapidly to $X in 2022, which is down by -40.7% against the previous year. Over the period under review, consumption, however, enjoyed a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell markedly in the following year.

Wood Pellets Production in Vietnam

In value terms, wood pellets production declined slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 416%. Wood pellets production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Wood Pellets Exports

Exports from Vietnam

In 2022, wood pellets exports from Vietnam amounted to X tons, growing by 7.1% against 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 369%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood pellets exports shrank slightly to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 410% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Japan (X tons) and South Korea (X tons) were the main destinations of wood pellets exports from Vietnam.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +83.0%).

In value terms, the largest markets for wood pellets exported from Vietnam were Japan ($X) and South Korea ($X).

Japan, with a CAGR of +80.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2022, reducing by -10% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea 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 (-0.7%).

Wood Pellets Imports

Imports into Vietnam

In 2022, wood pellets imports into Vietnam shrank markedly to X tons, dropping by -26.7% compared with 2021 figures. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 1,245% against the previous year. Imports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, wood pellets imports fell remarkably to $X in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2019 with an increase of 330% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of wood pellets to Vietnam, with a 48% share of total imports. Moreover, wood pellets imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +74.4%.

In value terms, Germany ($X) and Poland ($X) appeared to be the largest wood pellets suppliers to Vietnam.

Germany, with a CAGR of +73.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average wood pellets import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price recorded a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 168% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), 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 pellets in the world?

The UK remains the largest wood pellets consuming country worldwide, 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 remains the largest wood pellets producing country worldwide, accounting for 19% of total volume. Moreover, wood pellets production in United States exceeded the figures recorded by the second-largest producer, Canada, twofold. The third position in this ranking was occupied by Viet Nam, with a 7.4% share.

What are the leading suppliers of wood pellets to Vietnam?

In value terms, Germany, China and Thailand appeared to be the largest wood pellets suppliers to Viet Nam, with a combined 99% share of total imports.

What are the leading importers of wood pellets from Vietnam?

In value terms, South Korea and Japan constituted the largest markets for wood pellets exported from Viet Nam worldwide.

What is the average export price for wood pellets in Vietnam?

In 2020, the average wood pellets export price amounted to $126 per ton, declining by -3.9% against the previous year.

What is the average import price for wood pellets in Vietnam?

In 2020, the average wood pellets import price amounted to $179 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the wood pellets market in Vietnam. 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:

Vietnam

Data coverage:

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