How is the global demand for wood pellets shaping up?
The demand for wood pellets has been steadily increasing worldwide in recent years, and this upward trend is expected to continue. Wood pellets are primarily used as a replacement for traditional fossil fuels like coal in power generation and for heat generation.
Europe is currently the largest market for wood pellets, with the majority of its imports sourced from suppliers in the US and Canada. However, due to ongoing conflicts in Russia, Ukraine, and Belarus, which together supplied around 3 million tonnes of wood pellets to the European Union in 2021, this supply is no longer available. As a result, the European Union has increased its imports from the US and Canada by 30% through May of this year, compared to 2021.
Japan and South Korea are the primary Asian countries with substantial wood pellet demand, but Taiwan is also emerging as a new market. Additionally, other countries seeking alternative fuel sources for power generation may also contribute to future demand growth.
Aside from the traditional uses of wood pellets in power generation and heating, there are also emerging markets in industrial applications, where they are used in steel and cement manufacturing, and in biofuel production. Both of these applications have the potential to become significant growth markets in the medium to long term.
Why buyer can choose WINTAM CO.,LTD as a potental supplier.
+ Quality
– Abundant good souces of material for producing.
– Strictly system of quality control process.
– Set a standard for outcome of wood pellets for particular buyers
+ Price
– We are in Vietnam and have low cost for transportation.
– Vietnam have an EVFTA agreement with EU, importer not suffer tax of import for buyer from EU.
– Low cost for producing cause low price of electricity and materials.
+ Quantity
-Can supply big quantity following customers requirement.
+ Time delivery
-Strict working processing for completing on time.