Fuel wood in chips and particles market in Estonia

Earlier Report Observations

The market for fuel wood in chips and particles in Estonia showed relative stability in its initial years, with market size hovering around 58 million US dollars from 2018 to 2019. A notable expansion occurred in 2020, when the market reached 67.8 million US dollars, largely attributable to low chipwood prices that stimulated consumer demand. This was followed by a decline in market value to 55.5 million US dollars in 2021, even as firewood prices hit historic lows, suggesting an increase in physical consumption volume purchased at reduced unit costs.

Market dynamics shifted dramatically in 2022, with the market size surging to 77.7 million US dollars. This growth was primarily driven by record-high firewood prices, caused by constrained supply from limited logging activity and elevated coniferous log prices, compounded by external energy market disruptions from the war in Ukraine and the European Union's RePower EU policy, which boosted demand for renewable solid fuels. The upward trend continued into 2023, with the market reaching 83.6 million US dollars, supported by sustained high price levels despite a late-year moderation in chipwood prices. By 2024, the market adjusted to 66.3 million US dollars, reflecting a normalization from prior peaks.

Production fuel wood in chips and particles in Estonia

In value, 2018-2021, M $ US

In 2021, Estonia's production of fuel wood in chips and particles was valued at 90.5 million US dollars, marking a significant 14.0% decline compared to the previous year. Over the period from 2018 to 2021, production decreased by 11.1%, with an average annual decline of 3.8%. The peak value was recorded in 2020 at 105.2 million US dollars, while the largest annual increase occurred in 2019 at 3.3%.

Annual dynamics of production in Estonia in value, 2018-2021, M $ US

In kind, 2018-2021, K t

Globally, Estonia ranked as the 21st largest producer of fuel wood in chips and particles between 2018 and 2021.

Top producers of fuel wood in chips and particles, 2018-2021

World map of production of fuel wood in chips and particles, 2018-2021

Estonia's production volume of fuel wood in chips and particles declined for the second consecutive year. In 2021, the country produced 1,983 thousand tonnes, which represents a 16.8% decrease from the previous year. From 2018 to 2021, production fell by 22%, translating to an average annual decline of 7.9%. The highest volume was recorded in 2019 at 2,566 thousand tonnes, with the largest annual increase that year at 0.9%.

Annual dynamics of production in Estonia in kind, 2018-2021, K t

Exports fuel wood in chips and particles from Estonia

Exports in kind, K t

Estonia's exports of fuel wood in chips and particles increased for the third consecutive year. In 2021, exports reached 907.8 thousand tonnes, up by 14.0% compared to 2020. Between 2018 and 2021, exports grew by 83.8%, with an average annual increase of 22.5%.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, K t

From 2018 to 2021, Denmark, Finland, and Sweden were the main buyers of fuel wood in chips and particles from Estonia, accounting for 98.1% of total exports in volume. Denmark held a 40.5% share, Finland 38.5%, and Sweden 19.1%.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

Estonia's exports of fuel wood in chips and particles declined in value for the second consecutive year. In 2021, exports totaled 36,472 thousand US dollars, a 5.9% reduction from the previous year. Between 2018 and 2021, exports decreased by 19.3%, with an average annual decline of 6.9%. The peak value was recorded in 2019 at 50,031 thousand US dollars, which saw the largest annual increase of 10.8%. The largest annual decline occurred in 2020 at 22.5%.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

From 2018 to 2021, Finland and Sweden dominated Estonia's exports of fuel wood in chips and particles in value terms, together accounting for 85.1% of total flows, while other partners played a smaller role.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports fuel wood in chips and particles to Estonia

Imports in kind, K t

In 2021, Estonia's imports of fuel wood in chips and particles reached 32.3 thousand tonnes, a 47.7% increase compared to 2020. Between 2018 and 2021, imports grew by 5.1%, with an average annual increase of 1.7%. The lowest volume was recorded in 2020 at 21.9 thousand tonnes, while the peak was in 2019 at 50.8 thousand tonnes. The largest annual decline occurred in 2020 at 57.0%, and the largest increase was in 2019 at 65.3%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, K t

From 2018 to 2021, Russia was the leading source of fuel wood in chips and particles imports to Estonia, accounting for 71.5% of total volume, with the remainder distributed among other partners.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

The data shows irregular changes, indicating a volatile market environment. Imports in value terms peaked in 2019 and fell to their lowest point in 2020, with a 2.8-fold difference between these years. In 2021, imports of fuel wood in chips and particles to Estonia were recorded at 1,492 thousand US dollars, a strong 12.4% increase from the previous year. The minimum value was in 2020 at 1,328 thousand US dollars, while the maximum was in 2019 at 3,702 thousand US dollars. The largest annual decline occurred in 2020 at 64.1%, and the largest increase was in 2019 at 102.2%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

Throughout 2018 to 2021, Russia and Latvia concentrated most of Estonia's imports of fuel wood in chips and particles in value terms, while other markets were individually less significant.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021