We know Estonia
24.8.2022 | Shopping

Wood pellet prices have almost tripled in the last year

Text Mark Taylor
Photo Pixabay

Wood pellet prices have almost tripled in the last year

 

The cost of wood pellets used in the heating of homes has increased nearly three-fold in the last 12 months. And, with increased demand and current shortages in the market, some companies and experts predict further shortages and higher prices this winter.

According to Argo Kivi, the head of Briketipoisid, the price of a 1000 kg pallet of wood pellets has gone up from 150 euros last August to between 260 and 420 euros today. The latter almost three times the cost just 12 months ago. He also noted that prices had already jumped from 150 to 190 euros between August and September last year.

“Just like all other fuel prices, the price of wood pellets has soared in 2022. The main reason for this is the prices of biomass and electricity, which have increased several times over. These are our primary production inputs and they certainly increase the price of the final product,” explained Raimo Oinus a marketing specialist at Graanul Invest.

However, according to Kivi, a broader driver of the price rises is the increased demand, which is outstripping supply. At Briketipoisid, they produce wood pellets made of sawdust, but because both timber harvesting and construction have reduced this year, there is therefore less sawdust on the market. And when wood production companies start heating their facilities with sawdust, there will be even less supply for the general market according to Kivi.

They are not alone, in August last year Tartu Graanul had 10,000 tonnes of wood pellets in its warehouse. Today it is essentially empty.

Despite the current shortages, these should be resolved heading into the autumn according to Ulvar Kaubi, the director of the Timber Marketing Department at RMK. However, “there’s not a single factor to be seen that might bring prices down” Kaubi added.

 

Source ERR 

 

 

To learn more about this and similar topics
Briketipoisid Graanul Invest Heating RMK Tartu Graanul Wood Pellet Price Wood Pellet Price Estonia Wood Pellets

6.11.2024 | Shopping

Shop for Estonia’s finest handicrafts at the St. Martin’s Fair

Shop for Estonia’s finest handicrafts at the St. Martin’s Fair

The St. Martin’s Fair, which is the largest crafts and folkloristic lifestyle event in Estonia, will take place at … Read more

2.11.2024 | Shopping

Tallinn Christmas Market to open November 22

Tallinn Christmas Market to open November 22

The extremely popular Tallinn Christmas Market will open this year on November 22. At the market, named the best … Read more

11.10.2024 | Shopping

The Baltic’s biggest Vegan Fair in Tallinn this weekend

The Baltic’s biggest Vegan Fair in Tallinn this weekend

This weekend (October 12-13), the 14th Vegan Fair, known as ‘Veganmess,’ will take place at the Kultuurikatel in Tallinn. … Read more

24.9.2024 | Shopping

New stores and dining options open at Ülemiste Shopping Centre

New stores and dining options open at Ülemiste Shopping Centre

Ülemiste Shopping Centre has recently expanded, introducing a range of new international fashion stores and dining options, along with … Read more

17.9.2024 | Shopping

Vegan Fair to be held in Tallinn this October

Vegan Fair to be held in Tallinn this October

On October 12 to 13, the 14th annual Vegan Fair will take place at Kultuurikatel in Tallinn, showcasing hundreds … Read more

28.7.2024 | Shopping

Estonian grilled sausages tested: A tight cheesy race to the top

Estonian grilled sausages tested: A tight cheesy race to the top

On a June afternoon, ten testers gathered to choose their favorite out of ten sausages. The sausages were chosen … Read more

25.6.2024 | Shopping

camera icon5
Top sunglasses trends for summer 2024

Top sunglasses trends for summer 2024

More and more often, travellers in Estonia find themselves buying glasses. As summer approaches, sunglasses are particularly in demand. … Read more

25.6.2024 | Shopping

Ülemiste Shopping Centre expansion plans unveiled

Ülemiste Shopping Centre expansion plans unveiled

On June 19, a public discussion was held to present the preliminary design solutions for the expansion of Ülemiste … Read more