Global wood pellet trade value 2012-2022
The import value of wood pellets reached 7.05 billion U.S. dollars in 2022. This was up from 5.22 billion U.S. dollars worth in imports recorded in 2021. Wood pellets are made from compressed sawdust and have a greater combustion efficiency than wood logs, making them a highly desirable biofuel. The European Union is the greatest consumer of wood pellets.