Analysis and Studies - Products analysis
Fuel wood: import and export
August 24th 2022
With the winter approaching and energy prices going up, businesses and families are looking at alternative sources to reduce the impact of the crisis. One of the most natural options for heating the house or lighting up industrial plants is fuel wood.
Fuel wood is a biofuel, biomass that is used to generate energy. Biomass is plant or algae material or animal waste used to heat, cook, or generate electricity. Firewood, charcoal, pelleted sawdust, and wood chips are all types of fuel wood. It is a natural and sustainable fuel because it uses waste from wood products used in other sectors such as construction and furniture production. Nevertheless, the scientific community is still debating its impact on greenhouse gas emissions.
Recently, the price of wood has gone up, and so has the price of fuel wood. The Russian invasion of Ukraine and the resulting sanctions introduced by Western countries have directly and indirectly affected supplies and thus the price of this fuel. Indeed, Russia is one of the world’s largest exporters of wood.
The world trade of fuel wood was worth 9.95 billion dollars. In 2020 the world’s biggest exporter of the product was Vietnam with a total of 1.92 billion dollars. Following, are the United States ($1.4 billion), Australia ($657 million), Latvia ($557 million), and Canada ($493 million). Japan ($1.72B), China ($1.65B), the United Kingdom ($1.48 billion), Italy ($711 million), and Denmark ($622 million) were the world’s greatest importers of fuel wood.
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