Africa's Wood Pellet Market Sees Major Shifts in 2024
Wood pellet exports and imports in Africa saw significant changes in 2024. After two years of growth, exports dropped markedly to $X, while imports soared to X tons, ending a two-year declining trend in the world market.
In 2024, overseas shipments of wood pellets decreased by X% to X tons, reversing the trend of the previous two years. The value of these exports also dropped markedly to $X. However, the African wood pellets market showed resilience, increasing by X% to $X in 2024, ending a two-year decline in the world news.
The growth pace of wood pellets exports was the most rapid in 2022, increasing by X%. This growth, however, was not sustained in the following years. Meanwhile, wood pellets imports in Africa jumped by X% to X tons in 2024, marking a substantial increase from the previous year.
Wood pellets production in Africa shrank slightly to $X in 2024, with a notable decrease over the period under review. The consumption of wood pellets in Africa, however, showed a relatively flat trend pattern from 2012 to 2024, with the maximum level reached in 2018 at $X.
Despite the setback in exports and production, the African wood pellets market demonstrated robustness in 2024, with imports and market value increasing significantly. However, the lack of detailed data on import volumes and trends in recent years makes it challenging to predict future market dynamics in the stock market today.
