EU wood pellet production and consumption expected to rise in 2024

Wood pellet consumption in the European Union fell by 1.2% last year despite increased production. EU wood pellet demand and production are both expected to increase in 2024.  A recent report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network attributes last year’s drop in EU pellet demand to a mild winter and reduced demand from the commercial power sector. Current low prices, combined with government incentives, are expected to support the popularity of biomass for residential heating in 2024. Demand for pellets by the industrial sector, however, is expected to remain stagnant this ...