Asia’s share of global wood pellet imports hits record

Worldwide trade of wood pellets remained practically unchanged y-o-y at about 29 million tons in 2022. This year was the first time shipments failed to rise y-o-y since 2017, when wood pellets became a globally traded commodity. Despite the minimal global volume change, there were some noteworthy shifts in trade flows on a country-level basis in 2022. Asia, represented by Japan and South Korea, has continued to grow import volumes at the expense of European buyers and, in the 4Q/22, accounted for one-third of the world's import volume, up from only ...