Canadian wood pellet production to grow to 3.8 million metric tons in 2021

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USDA/Fordaq
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According to a USDA report, Canada’s wood pellet production is expected to grow by approximately 300,000 metric tons reaching 3.8 million metric tons in 2021 due to improved plant capacity utilization and driven by growth in exports, particularly to the UK (1.456 million metric tons) and Japan (611,245 metric tons). Canadian wood pellet exports are forecast to reach 3.3 million metric tons, up from 2.9 million metric tons in 2020. The Netherlands will be the third most important destination with 398,859 metric tons.

The domestic consumption of wood pellets is also expected to grow, but at a much lower rate – from 430,000 metric tons in 2020 to 450,000 metric tons this year.

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