In 2023, China's non-coniferous wood fuel import was registered at 4.30 thousand cubic meters. The forecasted data reveals a consistent upward trend from 2024 to 2028, with annual volumes rising progressively from 4.86 to 6.9 thousand cubic meters. From 2024 to 2025, a growth of 10.9% is projected, followed by an increase of 9.5% in 2026. The upward trajectory continues with hikes of 8.6% in 2027 and 7.6% in 2028. The compound annual growth rate (CAGR) over the forecast period is expected to be approximately 9.39%.
Future trends to watch for:
- China's renewable and clean energy initiatives, potentially influencing wood fuel demand.
- Environmental policies and trade regulations impacting wood fuel imports.
- Technological innovations in biomass energy further driving import needs.