Market research

Wood fuel market in Belize

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

The wood fuel market in Belize maintained a steady volume of 126 thousand cubic meters per year from 2018 through 2023. This stability was underpinned by continued government and private investments in biomass as part of the country's strategy to enhance energy security and reduce reliance on costly electricity imports from Mexico.

Belize's persistent dependence on imported electricity kept local energy costs volatile, which in turn sustained demand for wood fuel as a domestic and often more affordable energy source. Investments in renewable energy, including biomass, solar, and liquefied petroleum gas, helped support the production infrastructure for wood fuel without triggering significant market expansion or contraction.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Belize
  1. 5.1.1. Annual dynamics of production in Belize in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Belize 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 Belize in kind, 2018-2025, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Belize, 2018-2025, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ 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 Belize in kind, 2018-2025, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Belize, 2018-2025, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ 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 Belize in kind, 2018-2025, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Belize, 2018-2025, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ 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 Belize in kind, 2018-2025, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Belize, 2018-2025, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ 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, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, $ US
9. Top buying and selling countries, 2018-2025
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 Belize

In kind, 2018-2021, K m³

Top producers of wood fuel, 2018-2021

Source: SHEV.io

World map of production of wood fuel, 2018-2021

Source: SHEV.io

In 2021, Belize produced 126.0 thousand cubic meters of wood fuel, showing little change from 2020. The largest decline occurred in 2019, at 0.0%, while the largest increase was also recorded in 2019, at 0.0%.

Annual dynamics of production in Belize in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	-	-	-	-

Source: SHEV.io

Exports wood fuel from Belize

Exports in kind, m³

In 2021, Belize exported 31.76 cubic meters of wood fuel, with only minor fluctuations compared to the previous year. From 2019 to 2021, exports surged by 18 893.6%, translating to a compound annual growth rate of 474.8%.

Annual dynamics of product's exports from Belize in kind, 2018-2021, m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2018 and 2021, the export partner base for wood fuel in kind was extremely limited, with the United Arab Emirates accounting for 99.5% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, $ US

In 2021, Belize exported 10 580 US dollars worth of wood fuel, showing no significant change from 2020. From 2019 to 2021, exports increased by 18 796.6%, equivalent to an annualized rate of 473.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, the United Arab Emirates was the primary partner for wood fuel exports in value terms, representing 99.5% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Belize

Imports in kind, m³

The market showed an unstable trend over the period. Belize imported 11.37 cubic meters of wood fuel in 2021, which was 112.4% higher than in 2020. The lowest volume was recorded in 2019 at 3.80 cubic meters, with the largest decline of 50.4% also occurring in 2019. The peak-to-trough ratio between 2021 and 2019 was 3 times.

Annual dynamics of product's imports to Belize in kind, 2018-2021, m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(50.4%)	40.9%	112.4%	14.1%

Source: SHEV.io

Between 2018 and 2021, nearly all wood fuel imports in kind to Belize came from the United States, which accounted for 94.2% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

Market performance exhibited noticeable fluctuations during this timeframe. In 2021, Belize's wood fuel imports were valued at 48 613 US dollars, marking a sharp increase of 144.5% from 2020. The lowest value was recorded in 2020 at 19 883 US dollars, with the largest decline of 24.5% also in 2020. The peak-to-trough amplitude from 2021 to 2020 was 2.4 times.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.0%	(24.5%)	144.5%	23.1%

Source: SHEV.io

From 2018 to 2021, the United States was the overwhelmingly dominant supplier of wood fuel to Belize in value terms, representing 97.7% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io