Daily News / Global Trends / Market Analysis / Wood pellets / Wood Products / Europe / Global / North America
July 22, 2019
US to cover 65% of EU wood pellet imports by 2020
The US has the potential to supply 65 percent of the EU wood pellet import demand, at an expected trade value of US$ 1.6 billion in 2020. The EU is the world’s largest wood pellet market, with a consumption of about 27.4 mmt in 2018. Based on the EC mandates and incentives, demand is expected to expand further to about 30 mmt in 2019. Future consumption will significantly depend on a range of market factors and incentives and conditions. EU demand for pellets has significantly outpaced domestic production for the past ...
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