EU demand for pellets has significantly outpaced domestic production over the past ten years, resulting in increased imports from the United States, and to a lesser extent Canada, Russia, Ukraine, Belarus, and more recently Brazil, Vietnam, Malaysia, and Thailand. In 2024, EU wood pellet imports totaled 4.48 MMT (with a value of $1.0 billion), which is 0.42 MMT less than reported in 2023. The main reason for this dip is the power plant outages in Northwestern Europe and the stock building of pellets during 2022 (see the section Consumption). EU year-to-year imports from United States ...