Global Pellet Demand Outlook

European nations are the largest users of woodfiber biomass pellets – but over the next decade, Asia’s industrial demand will grow, while Europe’s will plateau or even decline. Prepare with this 10-year outlook of pellet demand for heating and industrial use, which also covers top exporters Canada and the US.

Pellets made from woodfiber help power industries and heat buildings worldwide. The 10-year demand outlook is shaped by complex global and regional forces. This study explores nation-specific policy dynamics and other macroeconomic factors that will shape demand, supply, and trade for the next decade.

The Global Pellet Demand Outlook shows you:

  • 2018-2028 forecasts for 16 Asian, European, and North American nations that purchase pellets for heating and industrial uses
  • Detailed national/regional profiles that include, where relevant:
    • Demand outlooks for industrial and heating use
    • Projected coal-to-biomass conversions and new CHP and pellet projects, and their projected consumption
    • Pellet-appliance shipments and stock forecasts in heating markets
    • Energy price forecasts, environmental policy commentary, and trade-related data and analysis
    • Contextual analysis of how each nation fits into overall global trade patterns and biomass/energy market trends

Pellet Demand through 2028: External Volatility Complicates Heating and Industrial Market Forecasts

Pellets made from woodfiber help power industries and heat buildings worldwide. The 10-year demand
outlook is shaped by complex global and regional forces.

Regional DynamicsIndustries in Japan and South Korea are expanding biomass energy production. But actual demand growth forecasts are subject to policy shifts, costs of competing energy sources, and more.

Energy MarketsWeather and oil/gas prices affect the competitiveness of biomass heat in Europe and North America. The Outlook models expected trends and their likely impact on pellet demand for heating use.

The Global Pellet Demand Outlook offers unmatched insight into these and other drivers of the next decade’s biomass markets.

Request more information


What’s happening in the forest products market today?

Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging Europe price indices via an open consultation process between April 24 and May 22, 2025. This consultation was done as part of our published annual methodology review process.

No feedback was received during the consultation period and therefore no changes will be made to the methodology at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes […]

This consultation, which is open until June 25, 2025, seeks to ensure that our methodologies continue to reflect the non-indexed physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. You can find […]

Get the latest on potential port strikes in Sweden and how they could affect pulp and paper trade in the region.

Learn about the future of housing as experts discuss market conditions, builder challenges and strategies for success.

Fastmarkets proposes to launch Nordic sawn timber export prices for selected European markets and grades, while discontinuing the PIX Sawn Timber FAS Finland indices. The PIX sawn timber FAS Finland indices have not been widely adopted by the industry and the new price assessments will offer more end-market-specific data for major European markets and will […]

Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging GCC indices via an open consultation process between April 16 and May 14, 2025. This consultation was done as part of our published annual methodology review process. Full details of the prices covered by this consultation can be found here. No feedback […]

Learn how timber imports affect the US economy regarding Canadian softwood lumber and future trade policies.

Fastmarkets is inviting feedback from the industry on the pricing methodology for the PIX Forest Biomass Finland price indices, as part of its announced annual methodology review process. This consultation, which is open until June 12, 2025, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the […]

BEK pulp prices in Europe dropped $40/tonne in April, driven by US import tariff uncertainties and weaker demand in China.