According to data released on Wednesday (5-4-22) by United States Department of Agriculture’s (USDA) Foreign Agricultural Service, the U.S. exported 801,396.9 metric tons of wood pellets in March, up from 628,659.8 metric tons of wood pellets in February. This is a year-over-year increase of 667,309 metric tons.
The U.S. exported wood pellets to approximately 20 countries in March. The U.K. was the top destination for U.S. wood pellet exports at 482,027.4 metric tons, followed by the Netherlands at 107,337.9 metric tons, Denmark at 86,844.7 metric tons, and Japan at 72,224 metric tons.
The value of U.S. wood pellet exports reached $127.33 million in March, up from $82.71 million in February and $110.44 million in March of 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 exported during the same period in 2021 (at a value of $163.07 million).
For Q1 2022, the total of U.S. wood pellet exports reached 2.09 million metric tons at a value of $312.69 million, compared to 1.82 million metric tons exported during the same period last year (at a value of $273.51 million).
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.
USDA: US pellet exports at 801,397 metric tons in March