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In 2022, EU wood pellet consumption hit a new record of 24.8 million metric tons (MMT) mainly due to increased residential use.
China’s consumption of wood products has fallen significantly due to slowing economic growth, a weakened housing sector, changing consumer preferences, and reduced demand from overseas markets.
In 2021, EU wood pellet consumption hit a new record of 23.1 million metric tons (MMT) mainly due to increased residential use in Germany and co-firing of wood pellets with coal in the Netherlands. In 2022, EU demand is expected to further grow to 24.3 MMT, based on expansion of the residential markets, mainly in Germany and France, boosted by support programs for the installation of biomass boilers and the high price of fossil fuels.