Market research

Wood pellets market in Azerbaijan

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The wood pellets market in Azerbaijan saw its volume more than quadruple from 101 tons in 2018 to 422 tons in 2023. Following a minor contraction to 99 tons in 2019, the market entered a phase of rapid expansion, with growth accelerating markedly from 2021 onward.

This surge in market volume coincided with a steep rise in imports, which climbed from 1 ton in 2018 to 341 tons in 2023, while domestic production remained stable at 100 tons annually. The period from 2021 to 2023 alone witnessed a doubling of market size, highlighting a significant uptick in overall consumption.

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 Azerbaijan
  1. 5.1.1. Annual dynamics of production in Azerbaijan in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Azerbaijan 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, t
  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, t
  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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Azerbaijan in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Azerbaijan by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Azerbaijan in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Azerbaijan by countries, 2018-2025, K $ 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Azerbaijan, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Azerbaijan by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Azerbaijan in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Azerbaijan by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Azerbaijan in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Azerbaijan by countries, 2018-2025, K $ 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Azerbaijan, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Azerbaijan by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Azerbaijan in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2025, K $ 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Azerbaijan, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Azerbaijan in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2025, K $ 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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Azerbaijan, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 pellets in Azerbaijan

In kind, 2018-2021, t

Top producers of wood pellets, 2018-2021

Source: SHEV.io

World map of production of wood pellets, 2018-2021

Source: SHEV.io

In 2021, Azerbaijan produced 100.0 tonnes of wood pellets, showing only a slight fluctuation compared to the previous year. 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 Azerbaijan in kind, 2018-2021, t

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

Source: SHEV.io

Exports wood pellets from Azerbaijan

Exports in kind, kg

Annual dynamics of product's exports from Azerbaijan in kind, 2018-2021, kg

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

Source: SHEV.io

From 2018 to 2021, wood pellets from Azerbaijan were primarily shipped to Turkey, which accounted for 100.0% of total exports in volume.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, $ US

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

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

Source: SHEV.io

Between 2018 and 2021, Azerbaijan's wood pellet exports were largely directed towards Turkey, with its share in total export value reaching 100.0%.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood pellets to Azerbaijan

Imports in kind, kg

Azerbaijan's wood pellet imports have increased for the third consecutive year. In 2021, imports amounted to 81 693 kg, marking a 463.8% year-on-year gain. Over the period from 2018 to 2021, imports grew by 12 002.7%, with a compound annual growth rate (CAGR) of 394.6%.

Annual dynamics of product's imports to Azerbaijan in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	913.3%	111.8%	463.8%	394.6%

Source: SHEV.io

From 2018 to 2021, the country structure of imports in volume was highly concentrated, with Ukraine and Russia together accounting for 81.5% of total flows, while other partners made up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

The value of wood pellet imports to Azerbaijan has risen for the third year in a row. In 2021, imports totaled 28 067 US dollars, up by 252.4% compared to 2020. Between 2018 and 2021, imports increased by 3 347.3%, equating to an annualized rate of 225.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	756.2%	14.2%	252.4%	225.5%

Source: SHEV.io

From 2018 to 2021, Russia (44.8% of imports in value), Ukraine (34.9% of imports in value), and Turkey (11.6% of imports in value) were the main suppliers of wood pellets to Azerbaijan, jointly representing 91.3% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io