U.S. Wood Pellet Exports Increased Month-Over-Month & Year-Over-Year in May 2024
USDA: US Wood Pellet Exports Top 926,024 Metric Tons In May
According to data released on Thursday (7-3-24), by United States Department of Agriculture’s (USDA) Foreign Agricultural Service, the U.S. exported 926,024.1 metric tons of wood pellets in May, up from 819,341.5 metric tons exported in April, and 820,057.5 metric tons exported in May 2023.
The U.S. exported wood pellets to approximately a dozen countries in May 2024. The U.K. was the top destination for U.S. wood pellet exports at 654,234.4 metric tons, followed by Japan at 154,311.4 metric tons and the Netherlands at 91,973.5 metric tons.
The value of U.S. wood pellet exports reached $167.35 million in May, up from $157.26 million in April and $153.12 million in May of last year.
Total U.S. wood pellet exports for the first five months of 2024 reached 4.12 million metric tons at a value of $774.64 million, compared to 3.75 million metric tons exported during the same period of 2023 at a value of $690.01 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.