Global Wood Fuel Market 2025

Wood Fuel Market Size

The global wood fuel market totaled $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 4.9% against the previous year. Over the period under review, the global market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wood Fuel Production

In value terms, wood fuel production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.8% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 42% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wood Fuel Exports

Exports

In 2022, overseas shipments of wood fuel increased by 2% to X cubic meters, rising for the second consecutive year after six years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. Over the period under review, the global exports reached the peak figure at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wood fuel exports skyrocketed to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Swaziland (X cubic meters), Latvia (X cubic meters), Croatia (X cubic meters), France (X cubic meters), Bosnia and Herzegovina (X cubic meters) and South Africa (X cubic meters) represented roughly 57% of total exports in 2022. It was distantly followed by Ukraine (X cubic meters), creating a 4.5% share of total exports. Lithuania (X cubic meters), Slovenia (X cubic meters), Estonia (X cubic meters), Germany (X cubic meters), Spain (X cubic meters) and Poland (X cubic meters) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +19.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Croatia ($X) and Lithuania ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 36% of global exports. Bosnia and Herzegovina, Poland, Swaziland, Ukraine, Estonia, France, Slovenia, South Africa, Germany and Spain lagged somewhat behind, together accounting for a further 43%.

In terms of the main exporting countries, South Africa, with a CAGR of +21.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood fuel export price stood at $X per cubic meter in 2022, surging by 19% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel export price increased by +93.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per cubic meter), while Swaziland ($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 Ukraine (+10.9%), while the other global leaders experienced more modest paces of growth.

Wood Fuel Imports

Imports

Global wood fuel imports dropped slightly to X cubic meters in 2022, remaining constant against the year before. Overall, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, global imports reached the peak figure at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wood fuel imports skyrocketed to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, South Africa (X cubic meters), distantly followed by Swaziland (X cubic meters), Italy (X cubic meters), Germany (X cubic meters), Sweden (X cubic meters) and the UK (X cubic meters) were the key importers of wood fuel, together achieving 52% of total imports. Romania (X cubic meters), Austria (X cubic meters), Slovenia (X cubic meters), Slovakia (X cubic meters), France (X cubic meters), Poland (X cubic meters) and Norway (X cubic meters) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the UK (with a CAGR of +39.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, with a combined 34% share of global imports.

In terms of the main importing countries, the UK, with a CAGR of +41.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global 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, growing by 20% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel import price increased by +73.9% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per cubic meter), while Swaziland ($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 Romania (+8.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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