Market research

Non coniferous wood fuel market in Cyprus

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for non-coniferous wood fuel in Cyprus showed significant growth from 1 918 m³ in 2018 to 3 321 m³ in 2020.

This trend reversed sharply in 2021, with consumption falling to 2 012 m³. The decline coincided with an increase in energy prices due to rising natural gas and CO2 allowance costs, which altered overall energy demand. The easing of pandemic restrictions during this period also likely reduced residential heating needs as mobility patterns normalized.

The market recovered to 2 981 m³ in 2022 before decreasing again to 2 342 m³ in 2023. Broader energy sector developments, such as government policies under the NECP and REPowerEU aiming to expand renewable energy, provided a supportive backdrop. The emergence of specialized suppliers like Woodenergy Co. Ltd indicated ongoing market development.

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. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's exports from Cyprus in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Cyprus by countries, 2018-2024, 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 Cyprus in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cyprus 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 Cyprus, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Cyprus 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, m³
    1. 7.2.2.1. Annual dynamics of product's exports from Cyprus in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Cyprus by countries, 2018-2024, 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 Cyprus in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cyprus 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 Cyprus, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Cyprus by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, 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 non coniferous wood fuel in Cyprus

In kind, 2017-2020, m³

Top producers of non coniferous wood fuel, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

In 2020, Cyprus produced 1,153 m³ of non-coniferous wood fuel, marking a significant 20.6% decrease compared to 2019. Over the 2017-2020 period, production fell by 20.7%, with a compound annual growth rate of -7.4%. The lowest production level was recorded in 2018 at 992 m³. The sharpest decline occurred in 2018, dropping by 31.8%, while the largest increase was in 2019, rising by 46.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(31.8%)	46.4%	(20.6%)	(7.4%)

Source: SHEV.io

Exports non coniferous wood fuel from Cyprus

Exports in kind, m³

Market performance showed noticeable fluctuations during this period. Export volumes varied 2.9 times, reaching their lowest point in 2018 and peaking in 2019. In 2020, Cyprus exported 3 m³ of non-coniferous wood fuel, a 50.0% reduction from 2019. The highest export volume was recorded in 2019 at 6 m³, which also saw the largest increase of 193.3%.

Annual dynamics of product's exports from Cyprus in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	193.3%	(50.0%)	-

Source: SHEV.io

From 2017 to 2020, the export market structure was highly concentrated, with Egypt accounting for 100.0% of total exports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market performance exhibited noticeable fluctuations during these years. Export values varied 1.7 times, with the lowest point in 2018 and the highest in 2019. In 2020, non-coniferous wood fuel exports from Cyprus amounted to 1.3 thousand US dollars, a 39.8% decrease from the previous year. The peak value was recorded in 2019 at 2.2 thousand US dollars, which also experienced the largest increase of 68.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	68.8%	(39.8%)	-

Source: SHEV.io

Between 2017 and 2020, Egypt dominated the export market in value terms, representing 100.0% of total non-coniferous wood fuel exports from Cyprus.

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

Source: SHEV.io

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

Source: SHEV.io

Imports non coniferous wood fuel to Cyprus

Imports in kind, m³

The data reveals irregular changes, indicating a volatile market environment. Import volumes fluctuated 2.3 times, with the lowest level in 2018 and the highest in 2020. In 2020, Cyprus imported 2,171 m³ of non-coniferous wood fuel, an 83.5% increase year-over-year. The minimum import volume was recorded in 2018 at 928 m³, which also saw the largest decline of 30.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(30.0%)	27.5%	83.5%	17.9%

Source: SHEV.io

From 2017 to 2020, the main sources for imports in kind were Egypt (63.8% of imports), Ukraine (10.3%), and Russia (7.3%), together forming 81.3% of total import flows.

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

Volatility characterized the market behavior during these years. Import values shifted 2.2 times, reaching their minimum in 2019 and peaking in 2020. In 2020, cross-border shipments of non-coniferous wood fuel to Cyprus stood at 271.8 thousand US dollars, a 121.1% increase from the previous year. The lowest value was recorded in 2019 at 122.9 thousand US dollars, which also experienced the largest decline of 46.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	79.3%	(46.8%)	121.1%	28.2%

Source: SHEV.io

Between 2017 and 2020, three principal markets—Egypt, Germany, and Greece—collectively accounted for 66.6% of total imports in value terms of non-coniferous wood fuel to Cyprus.

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