International Pulpwood Trade Review (IPTR)

The industry's definitive guide to global woodchip, pulp log and biomass fibre trade

The International Pulpwood Trade Review (IPTR) is Fastmarkets’ flagship annual publication covering the global trade of woodchips, pulp logs and biomass fibre. Published each year since its inception over three decades ago, IPTR provides the data and independent analysis that wood fibre buyers, sellers, traders and investors rely on to make critical commercial decisions.

The 2025 edition covers every major supply and demand market — from Japan and China to Portugal and Turkey — with port-by-port shipment detail, plantation analysis, ocean transportation directories and a comprehensive outlook through 2030.

Subscribers also receive ongoing monthly updates on volume and value of woodchip imports for key Asian and European markets, ensuring intelligence stays current throughout the year.

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Explore what drives the world's woodchip trade, including:
Explore what drives the world's woodchip trade, including:
  • Monthly import updates

Track volume and value of woodchip imports by source for each importing country across Asia and Europe. Updated monthly with your subscription.

  • Supply & demand forecasts to 2030

Forward-looking analysis of Asian woodchip market supply, demand and key prices, with projections at the country and regional level.

  • Port-by-port trade detail

Granular shipment data for the international woodchip trade, with volumes for 2000–2030 (projected) at individual port level.

  • Company-level import data

Import breakdowns by company for Asian markets, giving you the competitive intelligence to understand who is buying what, and from where.

  • Plantation and forest resource analysis

Detailed assessment of forest plantations in all major supply countries, with context on how land-use trends are shaping long-term availability.

  • Biomass trade overview

Coverage of global biomass trade spanning both woodchips and wood pellets, with analysis of European and Asian demand drivers.

  • Ocean transportation directory

Data and analysis on woodchip shipping capacity, new vessel orders and a complete directory of all woodchip carriers.

 

Get data-driven answers to crucial questions about global wood fibre trade.

Subsribe to the IPTR25

Wood fibre trends 2025

Southeast Asian woodchip suppliers have been key for the global pulp expansions

Southeast Asian countries accounted for approximately 76% of the total woodchip trade to the Asia-Pacific market in 2025.

Indonesia surges as the third-largest woodchip-importing country in the Asia-Pacific region.

Indonesia is considered self-sufficient for wood fiber. However, environmental issues combined with problems in forest plantations have turned the country into a woodchip importer.

Scandinavian pulp mills found new fibre suppliers.

Scadinavian pulp companies have shifted from Russia to Baltic countries, such as Estonia and Latvia, to supply their woodchip needs for the last three years.

Global wood pellets demand keeps growing.

Producers of biomass energy as well as pulp are driving increased imports across Europe and Asia.

Sample data from the IPTR25

Will imports of woodchips increase in the Asian market in 2026?

Bar Chart, Chart

The Asia-Pacific woodchip market trade reached a record of nearly 32.0 million BDMT traded in 2024.

However, China has increased its consumption of domestic eucalyptus fiber, contributing significantly to the reduction of woodchip imports in the region in 2025.

Will Portugal and Turkey keep leading the European woodchip imports?

Chart, Pie Chart

Europe is the second-largest woodchip importing region, led by Portugal and Turkey.

Portugal has been importing hardwood chips from Brazil and Uruguay to supply its BHK pulp mills, while Turkey has been importing softwood chips from the United States to supply its wood panel industries.

Russia has become a strategic supplier of softwood chips to China, but what are the expectations for the coming years?

Chart, Line Chart

Historically, the main suppliers of softwood chips to China had been countries in the Pacific and North America, primarily Australia, Fiji, and the United States. However, since 2022, Russia has increased its long fiber exports to China, accounting for over 40% of total Chinese softwood imports in 2025.

Vietnam has been the largest woodchip-exporting country by far, but is there still more potential for future growth?

Chart, Smoke Pipe, Line Chart

A decade ago, Vietnam exported around 7.9 million BDMT, 53% more than the volumes out of Australia today, the market’s second-largest supplier. Since that time, Vietnamese exports have increased by 212%, topping 18.1 million BDMT in 2024. However, volumes reduced to approximately 17.0 million BDMT in 2025.

Table of contents

Foreword

Global highlights of the international wood fibre trade

Asia-Pacific woodchip market

Introduction

Demand: Japan

  • Introduction
  • Forest Resources
  • Pulp and Paper Sector
  • Pulpwood Supply
  • Outlook for Japanese Demand

Demand: China

  • Forest Resources
  • Wood Fiber Demand
  • Woodchip Imports
  • Outlook for Woodchip Imports

Demand: Other Asia

  • Taiwan
  • Korea
  • India

Demand: Europe

  • Nordics
  • Portugal
  • Turkey
  • Spain

Supply: North America

  • Introduction
  • Pulp and Paper Sector
  • Overview of North American Woodchip Exports
  • North American West Coast Woodchip Supply
  • US South
  • Northeastern North America

Supply: Latin America

  • Argentina
  • Brazil
  • Chile
  • Ecuador
  • Uruguay
  • Venezuela

Supply: Oceania

  • Australia
  • New Zealand
  • Fiji

Supply: Europe

  • Russia
  • Baltic Countries
  • Ukraine

 

Supply: Asia

  • Cambodia
  • Indonesia
  • Malaysia
  • Papua New Guinea
  • Thailand
  • Vietnam

Supply: Africa

  • Mozambique
  • South Africa

Biomass Trade

  • Introduction
  • European Markets for Biomass

Imports

  • Asian Markets for Biomass Imports
  • Biomass Supply

Ocean Transportation

  • Introduction
  • Woodchip carrying capacity
  • New vessels

Outlook for the international pulpwood trade through 2030

Appendix

 

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