US Wood Pellet Exports Decline Month-Over-Month but Remain Higher Year-Over-Year in September

According to data released on Thursday (11-3-22) by the US Department of Agriculture’s (USDA) Foreign Agricultural Service, the US exported 766,508.2 metric tons of wood pellets in September 2022. This is down from 880,876 metric tons in August but up from 690,514.5 metric tons of wood pellets in September 2021.

The US exported wood pellets to approximately a dozen countries in September. The UK was the top destination for US wood pellet exports at 459,203.7 metric tons, followed by Denmark at 120,703.2 metric tons, Japan at 67,797.0 metric tons, the Netherlands at 64,664.3 metric tons, and Belgium-Luxembourg at 48,392.9 metric tons.

The value of wood pellet exports was $136.9 million (USD) in September. This is down from $150.74 million in August but up from $101.96 million in September 2021.

Total wood pellet exports for the first nine months of 2022 reached 6.61 million metric tons at a value of $1.14 billion, compared to 5.46 million metric tons exported during the same period of last year at a value of $789.09 million.