Market research

Wood fuel market in Armenia

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

From 2018 to 2020, the wood fuel market in Armenia showed consistent volume, maintaining an annual market size of approximately 1 550 thousand cubic meters. Production remained stable at around 1 546 thousand cubic meters each year, with imports adding only a marginal amount.

A sharp contraction occurred in 2021, when the market volume dropped to 728 thousand cubic meters. Production fell to 725 thousand cubic meters that year, and the market stabilized at this reduced level, recording 728 thousand cubic meters in 2022 and 730 thousand cubic meters in 2023.

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 Armenia
  1. 5.1.1. Annual dynamics of production in Armenia in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Armenia 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, 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, m³
    1. 6.1.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Armenia 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 Armenia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Armenia 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, K $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, K $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, K $ 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 Armenia in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Armenia 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 Armenia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Armenia 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, K $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, K $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, K $ 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 Armenia in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Armenia 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 Armenia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Armenia 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, K $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, K $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, K $ 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 Armenia in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Armenia 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 Armenia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Armenia 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, K $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, K $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, K $ 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 wood fuel in Armenia

In kind, 2017-2020, K m³

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

Armenia's wood fuel production remained stable in 2020, with output at 1 546 thousand cubic meters, unchanged from the previous year. Looking back to 2019, production levels were consistent, and the most significant change occurred in 2018, which saw no variation at 0.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	-	-

Source: SHEV.io

Exports wood fuel from Armenia

Exports in kind, m³

Wood fuel exports from Armenia declined for the third consecutive year. In 2020, exports dropped to 14 cubic meters, a decrease of 42.0% compared to the previous year. Over the period from 2017 to 2020, exports fell by 86.7%, translating to an average annual decline of 49.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(61.0%)	(41.4%)	(42.0%)	(49.0%)

Source: SHEV.io

From 2017 to 2020, Russia, Georgia, and Iraq were the primary markets for Armenia's wood fuel exports in kind. Russia accounted for 50.6% of exports, Georgia for 19.7%, and Iraq for 19.6%, together making up 89.9% 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 Armenia in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The market for wood fuel exports in value terms showed noticeable fluctuations during this period. Exports peaked in 2018 at 34.8 thousand US dollars and hit a low in 2019 at 6.4 thousand US dollars, with a 5.5-fold difference between these years. In 2020, exports rose to 9.4 thousand US dollars, marking a significant increase of 48.4% compared to 2019. The largest decline occurred in 2019 at 81.7%, while the largest increase was in 2018 at 63.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	63.4%	(81.7%)	48.4%	(23.8%)

Source: SHEV.io

Between 2017 and 2020, Russia and Georgia dominated Armenia's wood fuel exports in value terms, together representing 82.1% of total exports. Other countries contributed to a more diversified but less significant portion of the export market.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Armenia

Imports in kind, m³

Wood fuel imports into Armenia increased for the third consecutive year. In 2020, imports reached 5 922 cubic meters, a sharp rise of 115.3% over the previous year. From 2017 to 2020, imports grew by 1 275%, with a compound annual growth rate of 139.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	38.4%	361.4%	115.3%	139.6%

Source: SHEV.io

From 2017 to 2020, Russia, Germany, and Indonesia were consistently the leading sources of wood fuel imports in kind for Armenia. Russia held 69.9% of imports, while Germany and Indonesia each accounted for 2.9%, together comprising 75.7% 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 Armenia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The market for wood fuel imports in value terms exhibited an unstable trend throughout the timeframe. Import volumes bottomed out in 2018 at 364.9 thousand US dollars and peaked in 2020 at 892.4 thousand US dollars, with a top-to-bottom ratio of 2.4 times. In 2020, imports amounted to 892.4 thousand US dollars, showing a moderate uptick of 3.5% compared to the previous year. The largest decline was recorded in 2018 at 7.8%, while the largest increase occurred in 2019 at 136.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.8%)	136.2%	3.5%	31.2%

Source: SHEV.io

In the period from 2017 to 2020, Russia, France, and Indonesia formed the main cluster of markets for Armenia's wood fuel imports in value terms. Russia accounted for 40.4% of imports, France for 23.8%, and Indonesia for 10.7%, together representing 74.8% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io