U.S. Wood Pellet Exports Increase Month-Over-Month & Year-Over-Year in May 2022
USDA: US wood pellet exports at 740,605 metric tons in May
According to data released on Thursday (7-6-22), by United States Department of Agriculture’s (USDA) Foreign Agricultural Service, the U.S. exported 740,605 metric tons of wood pellets in May, up month-over-month from April’s 659,071.0 metric tons of wood pellets, and year-over-year from May 2021 of 513,608 metric tons.
The U.S. exported wood pellets to more than 12 different countries in May. The U.K. was the top destination for U.S. wood pellet exports at 658,943.6 metric tons, followed by Belgium-Luxembourg at 129,421.6 metric tons, and the Netherlands at 126,468.3 metric tons. Exports to Japan were at 75,303 metric tons in May.
The value of U.S. wood pellet exports reached $131.78 million in May. That is down from April’s $145.41 million, but up from $75.46 million in May 2021.
Total wood pellet exports for the first five months of 2022 reached 3.49 million metric tons at a value of $589.88 million, compared to 2.97 million metric tons exported during the same period of 2021 at a value of $431.87 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.