EU imports 16% more pellets from Russia in H1/2015

Source:
Eurostat/Fordaq
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Even though relationships between EU and Russia are still slightly downhill, the ongoing green energy trend keeps European pellet imports from Russia rather active. Just in a year Russian pellets supplies to the EU countries substantially grew both in volume and value terms. 

Thus, according to Eurostat data, in H1/2015 EU imported 16% more pellets from Russia in terms of volume than in H1/2014, with the Russian pellet supplies having come up to 364,608 tons. There was a sizable growth in value terms as well. EU imports of the Russian pellets increased by 14% in H1/2015 year-on-year and amounted to 46.9 million euros.

Top-5 Russian pellet importing EU countries in H1/2015 were: Denmark, Sweden, Germany, Italy and Finland.

In H1/2015, Denmark's imports - the leading EU importer of Russian pellets - decreased in volume by 11% year on year, with the total imports going down to 149,470 tons (H1/2014: 167,355 tons). Decline was also observed in value terms. Imports equalled 19.89 million euros (-12%). It is notable that despite the decrease, Danish imports of the Russian pellets still constitute almost a half of the total EU pellet imports from Russia. 

The most drastic changes were registered in Russian pellet imports in Germany.

Germany’s imports of Russian pellets grew in terms of volume by 309% to 27,108 tons and amounted to 3.15 million euros (+247%). Germany’s imports of Russian pellets were lower than those of Denmark and Sweden due to rather strong domestic pellet industry.

In H1/2015 Italy imported 42% more Russian pellets in terms of volume and 25% more in terms of value than in H1/2014. Therefore, in H1/2015 Russia supplied to Italy 23,882 tons of pellets valued at 3.68 million euros. 

Sweden imported 23% more pellets from Russia in H1/2015 (107,102 tons). The growth was also observed in value terms - imports came up to 13.4 million euros, 26% up.  

A stable increase of pellet imports from Russia was observed in Finland. In H1/2015 this country imported 44% more Russian pellets than during the respective period of the last year (20,546 tons in H1/2015 against 14,293 tons in H1/2014). The total imports amount was up by 39% having come up to 2.36 million euros. 

Imports by other EU countries (not mentioned above) grew by 77% in volume and by 84% in value. 

The average price of the Russian pellets imported to the European Union in H1/2015 slightly decreased by 2.32% to 128.64 euros/ton. There was observed a dramatic decline in prices of the Russian pellets imported to Germany and Italy, -15.31% and -11.77% respectively. 

TOP 5 Importing Countries. Wood pellets imported from Russia by... (in tons )

Importing country H1/2014 H1/2015 Change in % 
Total EU 313,092 364,608 16 %
Denmark 167,355 149,470 -11 %
Sweden 87,306 107,102 23 %
Germany 6,621 27,108 309 %
Italy 16,858 23,882 42%
Finland 14,293 20,546 44 %
Other EU countries 20,660 36,500 77%

 

TOP 5 Importing Countries. Wood pellets imported from Russia by... (in EUR )

Importing country H1/2014 H1/2015 Change in %

Total EU

41,235,740 46,903,630 14%

Denmark

22,609,640 19,898,350 -12 %
Sweden 10,708,520 13,455,410 26%
Italy 2,952,940 3,689,330 25%
Germany 910,950 3,156,590 247%
Finland 1,699,260 2,363,480
39%
Other EU countries 2,354,430 4,340,470 84%

 

Average price for pellets imported from Russia in euro/ton

Importing country H1/2014 H1/2015 Change in %
EU total 131.70 128.64 -2.32%
Denmark 135.09 133.1 -1.47%
Sweden

122.65

125.63 +2.53%
Italy 175.10 154.48 -11.77%
Finland 118.88 115.03 -3.23%
Germany 137.50

116.44

-15.31%
Other EU countries 113.96 118.91 +4.34%

 

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Showing 2 comments:

Demis Nadew Belete
Hello! Average price for pellets imported from Russia in euro/ton, was written with out INCOTERM. Please add was it , FOB, DAP, FCA or just market price? Best Regards