The costs of industrial wood pellets imported to the key European markets increased in 2022. Still, the rises have been less dramatic than those for residential wood pellets, partly due to longer-term supply agreements with US pellet producers. Over 70% of the European import volume has been shipped to four countries in 2022: in descending order they are the United Kingdom, the Netherlands, Denmark, and Belgium. Import prices have gone up the most in Denmark (+64%) and Belgium (+46%) the past year, driven by the boycott of supply from Russia, a supplier that historically has had among the ...