Asian Wood Pellet Demand Study

Access the study to uncover wood pellet demand in key areas of growth in the wider Asian region.

Asia is forecast to become a significant wood pellet consumer along with western Europe in the coming years. Access the study to uncover wood pellet demand in key areas of growth in the wider Asian region.

Asia has emerged as a key player in the global industrial pellet market. While Japan and South Korea are the main drivers of demand in the region, there is potential for the use of wood pellets in some other countries. As a result, pellet market dynamics will begin to shift globally.

What is driving the growing wood pellet demand in Asia?

Demand for wood pellets in Asia is primarily for power generation, either for cofiring in thermal power plants or for use in biomass power plants. Demand in Japan and South Korea has grown over the last decade, aided by renewable policies and biomass support programs in these countries.

There are other potential markets in the region as well. Taiwan is converting a coal powered unit to biomass, while Indonesia is pushing towards cofiring biomass at several of its coal plants.

What is included in this study?
  • This study details wood pellet demand potential and charts the growth trajectory of demand across key markets in Asia, including Japan, South Korea, Taiwan and more.
  • The Asian wood pellet demand study:
  • Explores pellet demand in key and potential markets, including Japan, South Korea, Taiwan, Indonesia, Thailand and India
  • Provides economic outlooks for the region, with a detailed look at GDP growth and energy prices
  • Reviews wood pellet trade in each of the markets
  • Analyzes policy developments and implications for demand growth
  • 2022-2032 forecast for wood pellet demand in the region
Fill in the form to access the full report.

Request more information


What’s happening in the forest products market today?

Get the latest market insights from our team of forest products experts

Both NBSK pulp and BEK pulp prices jumped up in March, with more price hikes announced

This consultation, which is open until May 16, 2024, seeks to ensure that our methodologies continue to reflect the physical graphic paper 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. Fastmarkets FOEX […]

The new bleached eucalyptus kraft pulp mill will be the first outside of Chile for Arauco

The European sack kraft paper market continued to warm into the spring as optimism improved, especially among producers, and price increases for both bleached and unbleached sack kraft paper were applied as Q2 got underway. The UK saw increases of £40/tonne on unbleached paper and £40/tonne on bleached paper, the first of what some contacts […]

Paracel’s current 103,000 hectares (ha) of eucalyptus plantations are sufficient for the start-up of the company’s planned new greenfield mill in Paraguay by 2027, chief executive officer Flavio Deganutti confirmed to Fastmarkets in an exclusive interview. Paracel has continued to make progress in its project to build a new 1.8-million-tonne-per-year bleached eucalyptus kraft (BEK) pulp […]

Prices for old corrugated containers (OCC) in Mexico were unchanged in April, with imported grades remaining stable month over month for the first time this year, Fastmarkets has learned. Prices for imported OCC held at $120-130 per ton. The firm pricing follows $10-per-ton increases in March and January as well as a $15-per-ton rise in February. […]

Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. Fastmarkets FOEX did not propose any changes to the methodology. The feedback was fully supportive of the current methodology. To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document […]

Fastmarkets has collected feedback from the industry on pricing methodologies for Random Lengths and Random Lengths International as part of its annual methodology review.

In this open consultation, Fastmarkets FOEX proposed to add the 5-digit grade codes according to the EN 643 ‘European List of Standard Grades of Paper and Board for Recycling’ to its methodology document. The feedback received was fully supportive to this. This is not considered as a material change. A newly dated methodology document, including […]

The Pulp and Paper Products Council (PPPC) reported on Wednesday that global chemical market pulp producer inventories increased to 42 days-of-supply in February, rising one day-of-supply vs a revised January result. Global shipments rose 12.8% year-over-year to 4.509 million tonnes. February producer stockpiles closed at the 42-day mark with a one-day increase vs January, but […]