U.S. wood pellet exports to United Kingdom fell 15.0% in Q1 2018

U.S. wood pellet exports decreased 1.9% in Q1 2018 YoY to 1.26 million tonnes, according to USDA. The export value grew 0.4% to $160.7 million, and the average export price gained 2.3% to $131 per tonne.

The pellet exports to the United Kingdom, the main consumer of wood pellets from U.S., fell 15.0% to 787.8 thousand tonnes with the average price of $134 (+3.5%) per tonne. The wood pellet exports to Denmark jumped 86.1% to 235.7 thousand tonnes with the average price of $152 (-6.3%) per tonne.

The pellet exports to Belgium decreased 34.5% to 124.7 thousand tonnes, and average price dropped 6.7% to $86 per tonne.