Wood pellet production and exports started to grow in Russia. While Russia’s wood pellet production is relatively young, it accounts for a 6 percent share of world wood pellet exports. Russia ranks 8th in the world for total wood pellet production, with 3 percent of total world wood pellet production.

According to FAOSTAT, production of wood pellets in Russia is forecast to increase significantly by 4 MMT by 2020, and 8 MMT by 2025. However, the Russian Ministry of Energy forecasts that production will increase at a lower pace, between 10 and 15 percent annually. The growing interest from the European Union for biofuels, particularly wood pellets, will continue to be a major incentive for Russia to increase production of wood pellets,