Spain: Spanish Wood Pellet Market Outlook 2023

Spain is a net exporter of wood pellets. The country's pellet production hit a new record in 2022, amounting to 768,000 Metric Tons (MT). Likewise, wood pellet consumption also increased, mainly due to higher residential use and improved competitiveness against alternative energy sources, in addition to biomass tax reductions, stoves, and boiler installation incentives in place. This ultimately reduced the country’s overall exportable supply, although wood pellets exports to neighboring markets, like France, expanded significantly in 2022, totaling nearly 200,000 MT.

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