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The impact on global wood-product markets of increasing consumption of wood pellets within the European Union

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  • Jonsson, Ragnar
  • Rinaldi, Francesca

Abstract

The targets for renewable energy set by the European Union have resulted in a surge in consumption of wood pellets, and the demand is expected to further increase the next decade. We use economic modelling to assess the impact on global wood-based product markets of gradually increasing wood pellets consumption within the EU. Comparing a scenario wherein consumption is determined exclusively by market forces with one where EU consumption is set to double between 2015 and 2030, we characterize the deviation from the unregulated market equilibrium that would attain. Our results highlight the necessity of assessing market impacts over time, with a sufficient geographical disaggregation. An increased EU demand for wood pellets would, apart from increased EU production, results in increased imports. The main sources are projected to be Russia, Canada, and, particularly, the USA. The results indicate synergies and competition between wood-based products and wood pellets. In general sawmilling stand to gain from increased wood pellets' consumption, while the opposite holds for wood-based panels and most paper grades. Due to the feedstock mix used in production of wood pellets and wood-based products, effects vary over time and among different EU members, as well as between EU and other regions.

Suggested Citation

  • Jonsson, Ragnar & Rinaldi, Francesca, 2017. "The impact on global wood-product markets of increasing consumption of wood pellets within the European Union," Energy, Elsevier, vol. 133(C), pages 864-878.
    • Handle: RePEc:eee:energy:v:133:y:2017:i:c:p:864-878
    DOI: 10.1016/j.energy.2017.05.178
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    Cited by:

    1. Piyarath Saosee & Boonrod Sajjakulnukit & Shabbir H. Gheewala, 2020. "Life Cycle Assessment of Wood Pellet Production in Thailand," Sustainability, MDPI, vol. 12(17), pages 1-23, August.
    2. Schipfer, Fabian & Kranzl, Lukas & Olsson, Olle & Lamers, Patrick, 2020. "The European wood pellets for heating market - Price developments, trade and market efficiency," Energy, Elsevier, vol. 212(C).
    3. Giuntoli, J. & Barredo, J.I. & Avitabile, V. & Camia, A. & Cazzaniga, N.E. & Grassi, G. & Jasinevičius, G. & Jonsson, R. & Marelli, L. & Robert, N. & Agostini, A. & Mubareka, S., 2022. "The quest for sustainable forest bioenergy: win-win solutions for climate and biodiversity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    4. Bryngemark, Elina, 2019. "Second generation biofuels and the competition for forest raw materials: A partial equilibrium analysis of Sweden," Forest Policy and Economics, Elsevier, vol. 109(C).
    5. Jonsson, Ragnar & Rinaldi, Francesca & Pilli, Roberto & Fiorese, Giulia & Hurmekoski, Elias & Cazzaniga, Noemi & Robert, Nicolas & Camia, Andrea, 2021. "Boosting the EU forest-based bioeconomy: Market, climate, and employment impacts," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    6. Lauri, Pekka & Forsell, Nicklas & Korosuo, Anu & Havlík, Petr & Obersteiner, Michael & Nordin, Annika, 2017. "Impact of the 2°C target on global woody biomass use," Forest Policy and Economics, Elsevier, vol. 83(C), pages 121-130.
    7. Lotte Visser & Ric Hoefnagels & Martin Junginger, 2020. "The Potential Contribution of Imported Biomass to Renewable Energy Targets in the EU–the Trade-off between Ambitious Greenhouse Gas Emission Reduction Targets and Cost Thresholds," Energies, MDPI, vol. 13(7), pages 1-30, April.
    8. Fanny Groundstroem & Sirkku Juhola, 2021. "Using systems thinking and causal loop diagrams to identify cascading climate change impacts on bioenergy supply systems," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 26(7), pages 1-48, October.
    9. Bruno Rafael de Almeida Moreira & Ronaldo da Silva Viana & Victor Hugo Cruz & Paulo Renato Matos Lopes & Celso Tadao Miasaki & Anderson Chagas Magalhães & Paulo Alexandre Monteiro de Figueiredo & Luca, 2020. "Anti-Thermal Shock Binding of Liquid-State Food Waste to Non-Wood Pellets," Energies, MDPI, vol. 13(12), pages 1-26, June.
    10. Brinkman, Marnix L.J. & Wicke, Birka & Faaij, André P.C. & van der Hilst, Floor, 2019. "Projecting socio-economic impacts of bioenergy: Current status and limitations of ex-ante quantification methods," Renewable and Sustainable Energy Reviews, Elsevier, vol. 115(C).
    11. Paredes-Sánchez, J.P. & Míguez, J.L. & Blanco, D. & Rodríguez, M.A. & Collazo, J., 2019. "Assessment of micro-cogeneration network in European mining areas: A prototype system," Energy, Elsevier, vol. 174(C), pages 350-358.
    12. Jung-Kyu Lee & Dongho Hong & Hyunkyu Chae & Dong-Hoon Lee, 2023. "Prediction of Storage Conditions to Increase the Bioenergy Efficiency of Giant Miscanthus Pellets Produced through On-Site Integrated Pretreatment Machines," Energies, MDPI, vol. 16(5), pages 1-14, March.
    13. Alessandra Fusi & Jacopo Bacenetti & Andrea R. Proto & Doriana E. A. Tedesco & Domenico Pessina & Davide Facchinetti, 2020. "Pellet Production from Miscanthus: Energy and Environmental Assessment," Energies, MDPI, vol. 14(1), pages 1-14, December.
    14. Giuntoli, J. & Searle, S. & Jonsson, R. & Agostini, A. & Robert, N. & Amaducci, S. & Marelli, L. & Camia, A., 2020. "Carbon accounting of bioenergy and forest management nexus. A reality-check of modeling assumptions and expectations," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    15. Baena-Moreno, Francisco M. & Gonzalez-Castaño, Miriam & Arellano-García, Harvey & Reina, T.R., 2021. "Exploring profitability of bioeconomy paths: Dimethyl ether from biogas as case study," Energy, Elsevier, vol. 225(C).

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