Wood Fuel Market in Belarus
Market Overview
The Belarusian wood fuel market stood at $
in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated measured growth from 2012 to : its value increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.
In value terms, wood fuel production stood at $ in estimated in export price. In general, the total production indicated a strong increase from 2012 to : its value increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2019 to , production growth remained at a lower figure.
in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated measured growth from 2012 to : its value increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.In value terms, wood fuel production stood at $
in estimated in export price. In general, the total production indicated a strong increase from 2012 to : its value increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2019 to , production growth remained at a lower figure.Consumption
Wood fuel consumption in Belarus dropped modestly to cubic meters in , which is down by -% compared with the year before. In general, the total consumption indicated a noticeable increase from 2012 to : its volume increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak volume of cubic meters. From 2019 to , the growth of the consumption remained at a somewhat lower figure.
The value of the wood fuel market in Belarus totaled $ in , leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a perceptible increase from 2012 to : its value increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.
cubic meters in , which is down by -% compared with the year before. In general, the total consumption indicated a noticeable increase from 2012 to : its volume increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak volume of cubic meters. From 2019 to , the growth of the consumption remained at a somewhat lower figure.The value of the wood fuel market in Belarus totaled $
in , leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a perceptible increase from 2012 to : its value increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for wood fuel in Belarus, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to cubic meters by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of wood fuel in Belarus were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for wood fuel.
Trade Balance
Belarus remains a net exporter of wood fuel; in physical and value terms, exports consistently exceeded imports from 2012 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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