Fuel wood in chips and particles market in China

Earlier Report Observations

The market for fuel wood in chips and particles in China stabilized in 2019 before entering a growth phase from 2020 to 2022, with volume expanding from 42 372 thousand tons to 47 294 thousand tons. This rise was driven by increasing demand for biomass wood pellets as a green energy source, which spurred industry investments and led major companies to ramp up production and sales efforts.

In 2023, market volume contracted to 43 478 thousand tons as raw material supply tightened. The tightness was primarily fueled by strong pre-holiday stockpiling demand from factories, which reduced log availability and affected import flows.

Domestic production remained steady at 28 848 thousand tons throughout the period, meaning market volume fluctuations were largely dictated by import movements. Meanwhile, the industry's competitive landscape took shape with new entrants, and focus turned to brand influence and market concentration.

Production fuel wood in chips and particles in China

In kind, 2017-2020, K t

From 2017 to 2020, China maintained the second-highest global position in production volume for fuel wood in chips and particles.

Top producers of fuel wood in chips and particles, 2017-2020

World map of production of fuel wood in chips and particles, 2017-2020

In 2020, China produced 28 848 K t of fuel wood in chips and particles, showing only minor year-over-year fluctuations compared to 2019. The largest decline occurred in 2018 at 0.0%, while the largest increase was also recorded in 2018 at 0.0%.

Annual dynamics of production in China in kind, 2017-2020, K t

Exports fuel wood in chips and particles from China

Exports in kind, K t

The market exhibited volatility during the observed period. Export volumes dropped to their lowest point in 2019 and then climbed to a peak in 2020, representing a 12.3-fold increase. In 2020, China's exports of fuel wood in chips and particles amounted to 1 K t, marking a significant rise of 1 133.5% from the previous year. The minimum value was recorded in 2019 at 0.1 K t, with the largest decline that year at 69.2%.

Annual dynamics of product's exports from China in kind, 2017-2020, K t

Between 2017 and 2020, Australia, Japan, and the United States were the primary destinations for China's fuel wood in chips and particles exports, together accounting for 68.6% of total exports in kind. Australia contributed 27.4%, Japan 27.0%, and the United States 14.1%.

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

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

Exports in value, M $ US

Market performance showed noticeable fluctuations over the period. Export values reached their lowest point in 2019 and peaked in 2020, with a 5.7-fold difference. In 2020, China's export volume for fuel wood in chips and particles was 1 M $ US, reflecting a 467.1% increase compared to 2019. The minimum value was recorded in 2019 at 0.2 M $ US, with the largest decline that year at 58.7%.

Annual dynamics of product's exports from China in value, 2017-2020, M $ US

From 2017 to 2020, Australia, the United States, and Vietnam were the key destinations for China's exports in value terms, collectively representing 60.3% of total flows. Australia accounted for 25.8%, the United States for 22.0%, and Vietnam for 12.5%.

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

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

Imports fuel wood in chips and particles to China

Imports in kind, K t

In 2020, China's imports of fuel wood in chips and particles reached 13 526 K t, showing a modest increase of 7.6% from the previous year. Over the 2017-2020 period, imports grew by 18.7%, with a compound annual growth rate of 5.9%. The largest decline occurred in 2019 at 2.1%, while the largest increase was in 2018 at 12.6%.

Annual dynamics of product's imports to China in kind, 2017-2020, K t

During 2017-2020, Vietnam, Australia, and Chile were consistently the main sources for China's imports in kind, together making up 87.4% of total flows. Vietnam accounted for 49.5%, Australia for 28.5%, and Chile for 9.3%.

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

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

Imports in value, M $ US

After two years of growth, China's imports of fuel wood in chips and particles in value terms declined. In 2020, the import volume was recorded at 2 265 M $ US, indicating a modest decrease of 5.6% compared to the previous year. Over the 2017-2020 period, imports increased by 18.8%, with a compound annual growth rate of 5.9%. The maximum value was reached in 2019 at 2 400 M $ US, and the largest increase occurred in 2018 at 18.8%.

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

From 2017 to 2020, Vietnam, Australia, and Chile were the primary markets for China's imports in value terms, collectively accounting for 87.5% of total flows. Vietnam represented 42.9%, Australia 33.1%, and Chile 11.5%.

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

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