Russia’s Wood Pellet (Biofuel) Exports to EU See Double-digit Gains 2014…..Sanctions Meaningless

Posted: April 21, 2015 in Econ 101, Free Trade, Sanctions on Russia Meaningless, Technology and Energy

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EU’s imports of wood pellets from Russia exceed €100 million in 2014

Apr 21, 2015

As the European interest for biofuel in general and pellets in particular keeps growing due to eco-friendly policies accepted in the EU, Russia doesn’t fail to use this opportunity to expand supplies of pellets to the European countries.

According to Eurostat data, in 2014 EU imported 27% more pellets from Russia in terms of volume than in 2013, with the Russian pellet supply volumes having come up to 825,210 tons. There was a substantial growth in terms of value as well. Russian pellet imports increased by 26% in 2014 year-on-year and amounted to 107.57 million euros.

Top-5 Russian pellet importing EU countries in 2014 were: Denmark, Sweden, Italy, Finland and Germany.

In 2014, Denmark, the leading EU importer of Russian pellets shipped 23% more pellets from Russia in terms volume, with the total import volume having come up to 388,394 tons. The total import amount equalled 53.27 million euros (+26%).

The most drastic changes were registered in Russian pellet imports to Italy and Germany.

Italy’s imports of Russian pellets grew in terms of volume by 202% to 55,434 tons and amounted to 9.54 million euros (+191%).

In 2014, Germany imported 178% more Russian pellets in terms of volume and 153% more in terms of value than in 2013. Therefore, in 2014 Russia supplied to Germany 39,147 tons of pellets valued at 4.94 million euros (2013: 14,066 tons valued at 1.95 million euros). Germany’s imports of Russian pellets were lower than those of Denmark and Sweden due to rather strong domestic pellet industry.

Sweden imported just 4% more pellets from Russia in 2014. Despite a slight increase in imports in terms of volume, the total amount of imports in value terms went down by 6%.

A stable increase of pellet imports from Russia was observed in Finland. This country imported 32% more Russian pellets in 2014 (45,073 tons in 2014 against 34,049 in 2013). The total imports amount was up by 31% having come up to 5.32 million euros.

The average price of the Russian pellets imported to the European Union in 2014 practically remained flat since 2013 having reduced very slightly to 130.36 euros/ton (131.53 euros/ton in 2013).

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TOP 5 Importing Countries. Wood pellets imported from Russia by… (in tons )

Importing country 2013 2014 Change in %
Total EU 648,362 825,210 27%
Denmark 315,472 388,394 23 %
Sweden 212,794 220,703 4 %
Italy 18,372 55,434 202 %
Finland 34,049 45,073 32%
Germany 14,066 39,147 178 %
Other EU countries 53,610 76,459 43%

 

TOP 5 Importing Countries. Wood pellets imported from Russia by… (in EUR )

Importing country 2013 2014 Change in %
Total EU 85,283,890 107,575,720 26 %
Denmark 42,444,390 53,279,560 26 %
Sweden 27,028,510 25,426,620 -6%
Italy 3,279,550 9,546,970 191 %
Finland 4,053,760 5,320,330 31 %
Germany 1,953,900 4,949,440 153 %
Other EU countries 6,523,780 9,052,800 39%

 

Average price for pellets imported from Russia in euro/ton

Importing country 2013 2014 Change in %
EU total 131.53 130.36 -0.89%
Denmark 134.54 137.17 1.95%
Sweden 127.01 115.20 -10.25%
Italy 178.50 172.22 -3.51%
Finland 119.05 118.03 -0.86%
Germany 138.9 126.43 -9.86%
Other EU countries 121.6 118.40 -2.7%

 SOURCE: http://www.ihb.de/wood/news/Eurostat_pellets_Russia_EU_41473.html

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