Benelux pellet market to double by 2020
The U.S. is expected to be the main supplier of wood pellets to the Benelux market this year. The region consists of Belgium, the Netherlands and Luxembourg. A report published through the USDA Foreign Agricultural Service Global Agricultural Information Network estimates that the U.S. exported approximately 1.25 million metric tons of pellets to the region in 2012, worth an estimated $225 million.
According to the report, the Benelux imports more than 95 percent of the wood pellets it consumes, and U.S. producers could supply at least half of that market. However, to meet demand, U.S. exports must comply with sustainability targets.
The Hague estimates wood pellet consumption in the region will more than double between 2012 and 2020, reaching a volume of 5.7 million metric tons. By the end of the decade, the Benelux is expected to require the import of 5.5 million metric tons of pellets.