Market research

Wood fuel market in Sweden

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Swedish wood fuel market expanded in 2019, reaching 10 397 thousand cubic meters, but contracted sharply in 2020 to 8 225 thousand cubic meters. A slight recovery followed in 2021, with the market volume increasing to 8 314 thousand cubic meters.

Market volume edged down again in 2022 to 8 105 thousand cubic meters. During this period, the Russian invasion of Ukraine drove up global prices for wood fuels, increasing demand and costs, while high energy prices and transport shortages created uncertainty for export flows.

The market rebounded strongly in 2023, growing to 9 200 thousand cubic meters. This increase was supported by rising consumer and industrial preference for sustainable and eco-friendly wood products, including certified bioenergy. Looking ahead, prices for wood fuel continued to rise rapidly in 2024 due to reduced sawmill output and weaker construction activity, intensifying competition for biofuels.

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 Sweden
  1. 5.1.1. Annual dynamics of production in Sweden in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Sweden 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, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ 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 Sweden, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Sweden 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, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ 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 Sweden, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Sweden 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, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ 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 Sweden, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Sweden 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, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ 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 Sweden, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, M $ 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 Sweden

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

Sweden's wood fuel production has declined for the third consecutive year. In 2020, Sweden produced 5 100 K m³ of wood fuel, showing a modest decline of 5.6% compared to the previous year. Between 2017 and 2020, production decreased by 22.7%, which translates to an annualized rate of 8.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.2%)	(1.2%)	(5.6%)	(8.2%)

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, Sweden's wood fuel output was valued at 379.0 M $ US, marking a decrease of 19.4% year-over-year. Between 2017 and 2020, production decreased by 29.7%, equating to an annualized rate of 11.1%. The largest increase occurred in 2019, at 0.3%.

Annual dynamics of production in Sweden in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.1%)	0.3%	(19.4%)	(11.1%)

Source: SHEV.io

Exports wood fuel from Sweden

Exports in kind, K m³

After a two-year reduction, Sweden's wood fuel exports have increased. In 2020, Sweden exported 1 036 K m³ of wood fuel, marking a significant gain of 38.9% over the past year. Between 2017 and 2020, exports increased by 21.9%, which translates to an annualized rate of 6.8%. The minimum value was recorded in 2019 at 746 K m³, while the largest decline occurred in 2018 at 11.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.9%)	(0.3%)	38.9%	6.8%

Source: SHEV.io

From 2017 to 2020, Norway and Denmark were the dominant partners for Sweden's wood fuel exports in kind. Norway accounted for 52.3% of total flows, and Denmark for 34.3%, together forming 86.7% of total exports. Other partners made up the remaining volume.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Sweden's wood fuel exports have increased for the second consecutive year. In 2020, exports stood at 77.0 M $ US, showing an increase of 18.6% compared to 2019. Over the period from 2017 to 2020, exports increased by 10.9%, with a compound annual growth rate (CAGR) of 3.5%. The minimum value was recorded in 2018 at 64.2 M $ US, and the largest decline also occurred in 2018 at 7.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.6%)	1.2%	18.6%	3.5%

Source: SHEV.io

Throughout 2017 to 2020, Denmark and Norway were the core markets for Sweden's wood fuel exports in value terms, jointly accounting for 87.2% of total flows. Other destinations had comparatively modest shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Sweden

Imports in kind, K m³

After a two-year rise, Sweden's imported wood fuel volumes declined. In 2020, Sweden imported 4 161 K m³ of wood fuel, marking a sharp drop of 27.6% from a year earlier. Over the period from 2017 to 2020, imports decreased by 11.6%, with a CAGR of 4.0%. The maximum value was recorded in 2019 at 5 743 K m³, and the largest increase occurred in 2019 at 14.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.5%	14.5%	(27.6%)	(4.0%)

Source: SHEV.io

From 2017 to 2020, Norway, Latvia, and Estonia were the leading sources for Sweden's wood fuel imports in kind. Norway accounted for 34.2% of imports, Latvia for 22.1%, and Estonia for 9.8%, with a combined share of 66.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

After a two-year advance, Sweden's foreign wood fuel supplies declined. In 2020, Sweden imported 162.2 M $ US of wood fuel, marking a sharp drop of 34.3% year-over-year. Between 2017 and 2020, imports decreased by 7.9%, equating to an annualized rate of 2.7%. The maximum value was recorded in 2019 at 246.9 M $ US, and the largest increase occurred in 2018 at 31.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	31.5%	6.6%	(34.3%)	(2.7%)

Source: SHEV.io

In 2017 to 2020, Latvia, Russia, and Norway were the largest suppliers of wood fuel to Sweden in value terms. Latvia accounted for 23.4% of imports, Russia for 16.4%, and Norway for 15.9%, together forming 55.8% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io