Market research

Wood fuel market in Thailand

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 Thailand contracted significantly between 2018 and 2023, with market size falling from 15.6 million m³ to 10.5 million m³. This represented a decline of approximately one-third over the period, with the most pronounced drop occurring after 2020.

The primary driver of this contraction was a sharp increase in exports, which more than doubled from 3.3 million m³ in 2018 to 8.0 million m³ in 2023. During the same period, domestic production slowly retreated from 18.5 million m³ to 18.2 million m³, while imports remained marginal, never exceeding 0.3 million m³ annually.

By 2023, exported volumes accounted for nearly half of Thailand's total wood fuel production, substantially reducing the amount available for domestic consumption and leading to a smaller internal market.

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 Thailand
  1. 5.1.1. Annual dynamics of production in Thailand in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Thailand 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 Thailand in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Thailand 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 Thailand in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Thailand 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 Thailand, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Thailand 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 Thailand in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Thailand 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 Thailand in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Thailand 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 Thailand, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Thailand 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 Thailand in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Thailand 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 Thailand in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Thailand 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 Thailand, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Thailand 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 Thailand in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Thailand 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 Thailand in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Thailand 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 Thailand, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Thailand 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 Thailand

In kind, 2017-2020, K m³

From 2017 to 2020, Thailand held the 22nd position globally in wood fuel production.

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

Thailand's wood fuel production declined for the third year in a row. In 2020, the country produced 18 357 K m³ of wood fuel, showing little change compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.5%)	(0.4%)	(0.4%)	(0.4%)

Source: SHEV.io

Exports wood fuel from Thailand

Exports in kind, K m³

The market showed an unstable trend during this period. Export levels varied significantly, with a 45-fold difference between the peak in 2017 and the low in 2019. In 2020, Thailand's wood fuel export volume reached 2 805 K m³, marking a sharp increase of 3 602.5% year-over-year. The lowest value was recorded in 2019 at 76 K m³, which represented a decline of 97.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.1%)	(97.7%)	3 602.5%	(6.5%)

Source: SHEV.io

Between 2017 and 2020, China and Japan were the dominant partners in Thailand's wood fuel exports by volume, while other countries accounted for the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

The data shows irregular changes, pointing to a volatile market. Exports peaked in 2017 and dropped to their lowest point in 2019, with an 18-fold gap between these years. In 2020, Thailand's cross-border shipments of wood fuel totaled 187.9 M $ US, reflecting a rise of 1 389.0% compared to 2019. The minimum value was 12.6 M $ US in 2019, which saw a decline of 94.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.3%)	(94.5%)	1 389.0%	(6.9%)

Source: SHEV.io

From 2017 to 2020, China, Japan, and South Korea were the main destinations for Thailand's wood fuel exports by value. China accounted for 40.1%, Japan for 38.8%, and South Korea for 8.7% of total exports, together making up 87.5%.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Thailand

Imports in kind, K m³

The data indicates irregular changes, suggesting a volatile market. Imports reached their highest point in 2018 and fell to the lowest in 2019, with a 2.3-fold difference. In 2020, Thailand's wood fuel import volume was 207 K m³, representing a dramatic rise of 41.5% from the previous year. The minimum value was 146 K m³ in 2019, which saw a decline of 56.2%, while the maximum was 334 K m³ in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.9%	(56.2%)	41.5%	(6.3%)

Source: SHEV.io

During 2017–2020, Myanmar, Malaysia, and Singapore were the largest suppliers of wood fuel to Thailand by volume. Myanmar contributed 35.4%, Malaysia 20.9%, and Singapore 18.1% of total imports, together forming 74.5%.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Thailand's wood fuel imports declined for the second consecutive year. In 2020, the import volume came to 11.9 M $ US, reflecting a sharp fall of 25.5% from 2019. Between 2017 and 2020, imports decreased by 23.5%, equating to an annualized rate of 8.6%. The highest value was recorded in 2018 at 22.5 M $ US, which saw an increase of 44.9%, while the largest decline was in 2019 at 29.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	44.9%	(29.2%)	(25.5%)	(8.6%)

Source: SHEV.io

Throughout 2017–2020, Myanmar, Cambodia, and Malaysia formed the core of Thailand's wood fuel imports by value. Myanmar accounted for 34.9%, Cambodia for 14.9%, and Malaysia for 7.5% of total imports, together taking 57.2% of the flows.

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

Source: SHEV.io

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

Source: SHEV.io