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January 9, 2023

Mixed trends in Asian wood pellet demand

Wood pellet demand in Asia is likely to diverge in 2023, with Japanese consumption set to rise as new capacity is brought on line, while South Korean demand could remain stable.    Asian wood pellet supply tightened in 2022, but is likely to ease in 2023. But increased scrutiny of Vietnamese suppliers could cause a shift in trade flows, with wood pellet availability increasing for South Korean buyers and remaining tight for Japan.    A shortage of raw materials and an increase in demand from Europe tightened wood pellet supply in Asia in 2022 ...

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