Market research

Coniferous wood fuel market in Northern America

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Northern America" region includes following countries:

Bermuda

Canada

Greenland

Saint Pierre and Miquelon

the United States

Earlier Report Observations

From 2018 to 2019, the coniferous wood fuel market in Northern America grew from 33 005 thousand cubic meters to 33 576 thousand cubic meters. This increase was supported by the introduction of Renewable Portfolio Standards (RPS) and shifts in natural gas prices, which affected the competitiveness of wood fuel. In 2020, market volume dropped sharply to 26 880 thousand cubic meters.

A strong recovery followed in 2021, with the market reaching 34 475 thousand cubic meters, driven by increasing global demand for renewable energy sources. After a slight dip to 32 292 thousand cubic meters in 2022, the market expanded significantly to 39 780 thousand cubic meters in 2023, aided by strategic logistics partnerships and seasonal demand factors that improved supply chain efficiency.

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 Northern America
  1. 5.1.1. Annual dynamics of production in Northern America in kind, 2018-2023, K m³
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K 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 Bermuda in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bermuda 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 Bermuda, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Bermuda 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, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K 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 Bermuda in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bermuda 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 Bermuda, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coniferous wood fuel in Northern America

In kind, 2017-2020, K 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

The data reveals irregular changes, indicating a volatile market environment. {context_3} volumes reached their lowest point in 2017 and peaked in 2019, with a 2.6-fold difference between these years. In 2020, 26 900 K m³ of coniferous wood fuel were produced in Northern America, representing a 20.0% decrease from the previous year. The maximum production volume was recorded in 2019 at 33 605 K m³. The largest year-over-year increase occurred in 2018, with production rising by 156.8%.

Annual dynamics of production in Northern America in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	156.8%	1.7%	(20.0%)	27.9%

Source: SHEV.io

Exports coniferous wood fuel from Northern America

Exports in kind, K m³

There were noticeable fluctuations in market performance during this period. The minimum export volume was recorded in 2020, while the maximum occurred in 2017, with a 6.2-fold variation between these two years. Northern America exported 21 K m³ of coniferous wood fuel in 2020, reflecting a 30.5% decline from 2019. The largest decrease took place in 2018, with exports falling by 77.7%. Conversely, the largest increase was recorded in 2019, when exports grew by 4.7%.

Annual dynamics of product's exports from Northern America in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(77.7%)	4.7%	(30.5%)	(45.5%)

Source: SHEV.io

Throughout the 2017–2020 period, Japan and Turkey maintained leading positions in the structure of exports in kind, jointly accounting for 74.4% of total export flows.

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

Source: SHEV.io

World map of product's exports from Northern America in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, coniferous wood fuel shipments from Northern America to abroad were valued at 3 568 K $ US, down 14.6% from 2019. Over the 2017-2020 period, exports decreased by 41.1%, with a compound annual growth rate (CAGR) of -16.2%. The largest decline occurred in 2018, with exports falling by 38.8%. The largest increase was recorded in 2019, when export value rose by 12.7%.

Annual dynamics of product's exports from Northern America in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(38.8%)	12.7%	(14.6%)	(16.2%)

Source: SHEV.io

From 2017 to 2020, Japan (accounting for 20.7% of exports in value terms), Turkey (12.3%), and China (2.7%) remained the main buyers of coniferous wood fuel from Northern America. Together, these three countries formed 35.8% of total exports in value terms.

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

Source: SHEV.io

World map of product's exports from Northern America in value, 2017-2020

Source: SHEV.io

Imports coniferous wood fuel to Northern America

Imports in kind, K m³

The market showed signs of volatility over the observed period. The minimum import volume was recorded in 2020, while the maximum occurred in 2017, with a 5 078-fold variation between these years. In 2020, coniferous wood fuel shipments to Northern America from abroad stood at 0.5 K m³, reflecting a 64.2% decrease compared to 2019. The largest decline took place in 2018, with imports falling by 100.0%. The largest increase was recorded in 2019, when imports grew by 25.3%.

Annual dynamics of product's imports to Northern America in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(100.0%)	25.3%	(64.2%)	(94.2%)

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The volume of coniferous wood fuel imports to Northern America declined for the second consecutive year. In 2020, Northern America imported 81 419 K $ US of coniferous wood fuel, reflecting a controlled decline of 4.1% compared to 2019. Over the 2017-2020 period, imports increased by 38.6%, with a compound annual growth rate (CAGR) of 11.5%. The maximum value was recorded in 2018 at 85 701 K $ US. The largest year-over-year increase occurred in 2018, with imports rising by 45.9%.

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