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World Best Import Markets for Wood Pellets

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Global Trade Daily, Imports/Exports

World Best Import Markets for Wood Pellets

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World Best Import Markets for Wood Pellets Wood pellets have emerged as an environmentally friendly alternative to traditional fossil fuels, gaining significant traction in recent years. This sustainable energy source is primarily used for heating, electricity generation, and industrial processes. As a result, several countries have become major import markets for wood pellets, showcasing a growing global demand.

In order to better understand the dynamics of these import markets, it is crucial to analyze the import values of wood pellets in different countries. According to the market intelligence platform, IndexBox, the following countries are the world’s top import markets for wood pellets:

1. United Kingdom – $1.6 billion USD in 2022

2. Japan – $909.3 million USD in 2022

3. South Korea – $716.6 million USD in 2022

4. Italy – $704.6 million USD in 2022

5. Denmark – $617.0 million USD in 2022

6. Netherlands – $581.9 million USD in 2022

7. Belgium – $298.4 million USD in 2022

8. France – $261.4 million USD in 2022

9. Germany – $138.3 million USD in 2022

10. Austria – $109.8 million USD in 2022

These countries demonstrate a significant demand for wood pellets, highlighting their commitment to renewable energy sources and the transition towards a greener future. Let’s delve into each of these top import markets to understand their unique characteristics and contributions to the global wood pellet industry.

1. United Kingdom

The United Kingdom leads the world in wood pellet imports, with an import value of $1.6 billion USD in 2022. The country has been investing heavily in renewable energy, including biomass, to reduce its dependency on fossil fuels. Wood pellets serve as an essential fuel source for heating applications and electricity generation.

2. Japan

Japan follows closely behind the United Kingdom with an import value of $909.3 million USD in 2022. The country heavily relies on wood pellets for its growing demand for clean energy. With limited domestic biomass resources, Japan relies on imports to meet its energy needs. Additionally, wood pellets help the country reduce its carbon emissions and meet its renewable energy targets.

3. South Korea

South Korea has become a significant player in the global wood pellet market, importing wood pellets worth $716.6 million USD in 2022. The country’s strong commitment to renewable energy and efforts to reduce greenhouse gas emissions drive its demand for wood pellets. South Korea also incentivizes the use of biomass for power generation, further promoting the import of wood pellets.

4. Italy

Italy demonstrates a growing appetite for wood pellets, importing approximately $704.6 million USD worth of wood pellets in 2022. The country relies on wood pellets for both residential heating and electricity generation. With an increasing emphasis on reducing carbon emissions, wood pellets offer a viable solution for Italy’s renewable energy goals.

5. Denmark

Denmark showcases a strong commitment to sustainable energy, importing wood pellets worth $617.0 million USD in 2022. The country has been actively transitioning towards renewable energy sources, aiming to achieve carbon neutrality by 2050. Wood pellets play a crucial role in Denmark’s energy mix for both residential and industrial purposes.

6. Netherlands

The Netherlands contributes significantly to the global import market for wood pellets, with an import value of $581.9 million USD in 2022. The country has been investing in biomass energy infrastructure and significantly reducing its reliance on fossil fuels. Wood pellets serve as a vital renewable energy source, contributing to the Netherlandssustainability goals.

7. Belgium

Belgium’s import value for wood pellets reached $298.4 million USD in 2022, highlighting the country’s focus on renewable energy solutions. Wood pellets are integral to Belgium’s renewable energy mix, aiding in the reduction of greenhouse gas emissions and fostering a more sustainable energy sector.

8. France

France, known for its strong commitment to environmental sustainability, imports wood pellets worth $261.4 million USD in 2022. The country is transitioning away from fossil fuels and embracing renewable energy sources. Wood pellets are extensively used for heating applications, enabling France to decrease its carbon footprint.

9. Germany

Germany, a leader in renewable energy adoption, imports wood pellets worth $138.3 million USD in 2022. The country heavily relies on biomass energy, including wood pellets, for its heating and electricity needs. With robust supportive policies and an increasing demand for clean energy, Germany continues to be a significant import market for wood pellets.

10. Austria

Austria, renowned for its commitment to renewable energy, imports wood pellets worth $109.8 million USD in 2022. The country actively promotes the use of biomass for heating and electricity generation, reducing fossil fuel consumption. Wood pellets play a pivotal role in Austria’s transition to a greener and more sustainable energy landscape.

It is evident that these top import markets are at the forefront of the global wood pellet industry, driving the demand for this renewable energy source. As countries prioritize the reduction of greenhouse gas emissions and transition to sustainable energy, the demand for wood pellets is expected to continue its upward trajectory.

Note: The import values mentioned in this article are based on the data provided by the market intelligence platform, IndexBox.

Source: IndexBox Market Intelligence Platform 

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Archives, Global Trade Daily, News

The European Wood Barrel Market Bounced Back to $1.2B

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IndexBox has just published a new report: ‘EU – Casks, Barrels, Vats, Tubs, And Coopers Products Of Wood – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The EU wood barrel market expanded remarkably to $1.2B in 2019, picking up by 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period.

Consumption by Country

The countries with the highest volumes of wood barrel consumption in 2019 were the UK (85M units), France (48M units) and Spain (17M units), with a combined 75% share of total consumption. Ireland, Poland, Portugal and the Netherlands lagged somewhat behind, together comprising a further 15%.

From 2013 to 2019, the most notable rate of growth in terms of wood barrel consumption, amongst the key consuming countries, was attained by Portugal, while wood barrel consumption for the other leaders experienced more modest paces of growth.

In value terms, France ($589M) led the market, alone. The second position in the ranking was occupied by the UK ($269M). It was followed by Spain.

In 2019, the highest levels of wood barrel per capita consumption were registered in Ireland (3,326 units per 1000 persons), followed by the UK (1,260 units per 1000 persons), France (729 units per 1000 persons) and Portugal (410 units per 1000 persons), while the world average per capita consumption of wood barrel was estimated at 390 units per 1000 persons.

Production in the EU

In 2019, the production of casks, barrels, vats, tubs, and coopers products of wood was finally on the rise to reach 155M units for the first time since 2016, thus ending a two-year declining trend. The total output volume increased at an average annual rate of +1.4% from 2013 to 2019. The growth pace was the most rapid in 2014 when the production volume increased by 14% y-o-y. As a result, production attained the peak volume of 164M units. From 2015 to 2019, production growth remained at a somewhat lower figure.

Production by Country

France (72M units) constituted the country with the largest volume of wood barrel production, accounting for 46% of total volume. Moreover, wood barrel production in France exceeded the figures recorded by the second-largest producer, the UK (27M units), threefold. Spain (23M units) ranked third in terms of total production with a 15% share.

From 2013 to 2019, the average annual rate of growth in terms of volume in France amounted to +1.1%. The remaining producing countries recorded the following average annual rates of production growth: the UK (+1.2% per year) and Spain (+5.0% per year).

Exports in the EU

In 2019, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood increased by 1% to 77M units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2013 to 2019. The volume of export peaked in 2019 and is expected to retain growth in the immediate term. In value terms, wood barrel exports reached $729M (IndexBox estimates) in 2019.

Exports by Country

France was the main exporter of casks, barrels, vats, tubs, and coopers products of wood in the European Union, with the volume of exports reaching 39M units, which was approx. 51% of total exports in 2019. Spain (19M units) ranks second in terms of the total exports with a 24% share, followed by the UK (5.2%). Hungary (2.2M units), Lithuania (2.1M units), Luxembourg (2M units), Romania (1.8M units), Portugal (1.6M units) and Austria (1.3M units) followed a long way behind the leaders.

Exports from France increased at an average annual rate of +1.8% from 2013 to 2019. At the same time, the UK (+24.7%), Lithuania (+19.2%), Luxembourg (+17.5%), Austria (+16.6%), Spain (+9.1%) and Portugal (+8.2%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +24.7% from 2013-2019. Hungary experienced a relatively flat trend pattern. By contrast, Romania (-2.8%) illustrated a downward trend over the same period.

In value terms, France ($515M) remains the largest wood barrel supplier in the European Union, comprising 71% of total exports. The second position in the ranking was occupied by Spain ($109M), with a 15% share of total exports. It was followed by Austria, with a 2.1% share.

Source: IndexBox AI Platform

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Archives, Global Trade Daily, Imports/Exports

U.S. Wood Container and Pallet Market – the U.K. Strengthened Its Position As the Largest Market for U.S. Exports

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IndexBox has just published a new report: ‘U.S. Wood Container and Pallet Market. Analysis And Forecast to 2025’. Here is a summary of the report’s key findings.

The revenue of the wood container and pallet market in the U.S. amounted to $10.7B in 2018, rising by 8.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +10.2% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014 with an increase of 20% y-o-y. Wood container and pallet consumption peaked in 2018 and is expected to retain its growth in the near future.

Production of Wood Container and Pallet in the U.S.

In value terms, wood container and pallet production stood at $10.5B in 2018. The total output value increased at an average annual rate of +9.2% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2014 when production volume increased by 16% against the previous year. Over the period under review, wood container and pallet production attained its maximum level in 2018 and is likely to continue its growth in the immediate term.

Exports from the U.S.

In 2018, approx. 106K tonnes of wood container and pallet were exported from the U.S.; increasing by 7.7% against the previous year. In general, wood container and pallet exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 134% year-to-year. Exports peaked at 334K tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, wood container and pallet exports totaled $200M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +9.7% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 32% against the previous year. Over the period under review, wood container and pallet exports reached their maximum at $200M in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

The UK (48K tonnes) was the main destination for wood container and pallet exports from the U.S., accounting for a 45% share of total exports. Moreover, wood container and pallet exports to the UK exceeded the volume sent to the second major destination, Ireland (17K tonnes), threefold. Japan (14K tonnes) ranked third in terms of total exports with a 14% share.

From 2013 to 2018, the average annual growth rate of volume to the UK amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+28.6% per year) and Japan (+25.9% per year).

In value terms, the UK ($77M) remains the key foreign market for wood container and pallet exports from the U.S., comprising 38% of total wood container and pallet exports. The second position in the ranking was occupied by Ireland ($31M), with a 16% share of total exports. It was followed by Japan, with a 13% share.

From 2013 to 2018, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+33.5% per year) and Japan (+31.2% per year).

Export Prices by Country

In 2018, the average wood container and pallet export price amounted to $1,886 per tonne, rising by 1.7% against the previous year. In general, the wood container and pallet export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 an increase of 93% against the previous year. Over the period under review, the average export prices for wood container and pallet attained their maximum in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Spain ($2,620 per tonne), while the average price for exports to the UK ($1,617 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

Wood container and pallet imports into the U.S. totaled 227K tonnes in 2018, picking up by 5.4% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 14% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, wood container and pallet imports amounted to $376M (IndexBox estimates) in 2018. Overall, wood container and pallet imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 11% year-to-year. In that year, wood container and pallet imports reached their peak of $389M, and then declined slightly in the following year.

Imports by Country

In 2018, France (159K tonnes) constituted the largest wood container and pallet supplier to the U.S., accounting for a 70% share of total imports. Moreover, wood container and pallet imports from France exceeded the figures recorded by the second-largest supplier, China (32K tonnes), fivefold. Spain (6.2K tonnes) ranked third in terms of total imports with a 2.7% share.

From 2013 to 2018, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Spain (+57.9% per year).

In value terms, France ($218M) constituted the largest supplier of wood container and pallet to the U.S., comprising 58% of total wood container and pallet imports. The second position in the ranking was occupied by China ($105M), with a 28% share of total imports. It was followed by Brazil, with a 1% share.

From 2013 to 2018, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Brazil (+15.9% per year).

Import Prices by Country

The average wood container and pallet import price stood at $1,659 per tonne in 2018, going down by -8.2% against the previous year. In general, the wood container and pallet import price continues to indicate a measured decline. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. In that year, the average import prices for wood container and pallet reached their peak level of $2,097 per tonne. From 2016 to 2018, the growth in terms of the average import prices for wood container and pallet remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($3,254 per tonne), while the price for Spain ($388 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Companies Mentioned in the Report

Ifco Systems North America, Peco Pallet, Timber Creek Resource, Index Packaging, Palletone, Northwest Pallet Supply Co., Kamps, The Pallet Factory Inc, Atlas Global Solutions, Buckeye Diamond Logistics, Southwest Forest Products, Independent Stave Company, Elberta Crate & Box Co., Edwards Wood Products, American Fibertech Corporation, Hinton Lumber Products, Wisconsin Box Company, Nefab Packaging, Madison County Wood Products, Supply Chain Solutions, Satco, Commercial Lumber & Pallet Co., Crimstone AAA Operating Company, Wooden Pallets, Missouri Cooperage Company

Source: IndexBox AI Platform