Market research

Coniferous wood fuel market in Cyprus

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, the Cypriot market for coniferous wood fuel underwent substantial volatility. The market volume started at 8 095 m³ in 2018 but declined over the next two years, reaching a low of 5 548 m³ in 2020. A recovery began in 2021, followed by a dramatic surge to 10 552 m³ in 2022, which represented the highest point in the period. However, this peak was short-lived, as the market contracted sharply to 5 703 m³ in 2023.

These fluctuations were primarily driven by changes in domestic production, which mirrored the market volume trend. Production fell from 7 848 m³ in 2018 to 5 203 m³ in 2020, then rebounded to 10 113 m³ in 2022 before dropping to 5 213 m³ in 2023. Imports played a secondary role, varying from 122 m³ to 631 m³ annually, but did not offset the production swings. Exports were negligible throughout.

By 2024, import volumes remained stable at 460 m³. The overall period highlights the market's sensitivity to domestic production factors.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Cyprus
  1. 5.1.1. Annual dynamics of production in Cyprus in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Cyprus in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's imports to Cyprus in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Cyprus by countries, 2018-2024, m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cyprus in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cyprus by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's imports to Cyprus in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Cyprus by countries, 2018-2024, m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cyprus in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cyprus by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/m³
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, m³
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, m³
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production coniferous wood fuel in Cyprus

In kind, 2017-2020, m³

Top producers of coniferous wood fuel, 2017-2020

Source: SHEV.io

World map of production of coniferous wood fuel, 2017-2020

Source: SHEV.io

Coniferous wood fuel production in Cyprus has declined for the third year in a row. In 2020, Cyprus produced 5 203 m³ of coniferous wood fuel, representing a 12.3% year-over-year decrease. From 2017 to 2020, production fell by 57.2%, which translates to an average annual decline of 24.7%.

Annual dynamics of production in Cyprus in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(35.5%)	(24.4%)	(12.3%)	(24.7%)

Source: SHEV.io

Exports coniferous wood fuel from Cyprus

Based on compiled industry information, there were no exports of coniferous wood fuel from Cyprus between 2017 and 2020.

Imports coniferous wood fuel to Cyprus

Imports in kind, m³

The data shows irregular changes, reflecting a volatile market environment. Imports reached their lowest point in 2018 at 247 m³ and peaked in 2017, with a 5.1-fold difference between these years. In 2020, coniferous wood fuel imports to Cyprus totaled 345 m³, which is 45.4% lower than the previous year. The largest decline occurred in 2018 at 80.4%, while the largest increase was recorded in 2019 at 155.4%.

Annual dynamics of product's imports to Cyprus in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(80.4%)	155.4%	(45.4%)	(35.1%)

Source: SHEV.io

From 2017 to 2020, Greece, Slovakia, and Bulgaria were the core markets for imports in kind, accounting for 70.1% of total flows. Greece contributed 36.2% of imports, Slovakia 19.5%, and Bulgaria 14.3%.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cyprus in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The market displayed an unstable trend throughout the period. Imports hit their lowest point in 2018 at 82.6 K $ US and peaked in 2017, with a 2.2-fold gap between these years. In 2020, coniferous wood fuel imports to Cyprus amounted to 129.0 K $ US, showing a significant decline of 24.2% year-over-year. The largest decrease was in 2018 at 55.0%, while the largest increase occurred in 2019 at 105.9%.

Annual dynamics of product's imports to Cyprus in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(55.0%)	105.9%	(24.2%)	(11.1%)

Source: SHEV.io

Between 2017 and 2020, Greece, Spain, and Slovakia were consistently the main destinations for imports in value terms, together making up 78.6% of total flows. Greece accounted for 59.3% of imports, Spain for 9.9%, and Slovakia for 9.5%.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cyprus in value, 2017-2020

Source: SHEV.io