U.S. Wood Pellet Exports Decline Month-Over-Month but Rise Year-Over-Year in February 2022

According to data released on Wednesday, April 6, 2022, by United States Department of Agriculture’s (USDA) Foreign Agricultural Service, the U.S. exported 628,659.8 metric tons of wood pellets in February, down when compared to the 655,656.5 metric tons exported in January. However, this is up year-over-year when compared to 556,801.7 metric tons exported in February 2021.

The U.S. exported wood pellets to more than a dozen countries in December. The U.K. was the top destination for U.S. wood pellet exports at 437,408.8 metric tons, followed by Belgium-Luxembourg at 61,941.6 metric tons and the Netherlands at 48,624.4 metric tons.

The value of U.S. wood pellet exports was at $82.71 million in February, down from $102.65 million in January but up from $78.61 million in February 2021.

Total wood pellet exports for the first two months of 2022 reached 1.28 million metric tons at a value of $185.36 million, compared to 1.16 million metric tons at a value of $163.07 million exported during the same period in 2021.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.