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

15.3.2024 | Shopping

The popular Bread Festival returns this weekend 

The popular Bread Festival returns this weekend 

This upcoming weekend March 16 and 17, the Bread Festival will return to Kultuurikatel in Tallinn. At the event, … Read more

6.1.2024 | Shopping

This weekend is your last chance to visit Estonia’s magical Christmas Markets

This weekend is your last chance to visit Estonia’s magical Christmas Markets

This weekend marks the official end of the festive period, and with it the last chance to visit some … Read more

22.12.2023 | Shopping

Narva’s Christmas village opens today

Narva’s Christmas village opens today

Narva’s Christmas Village will open this evening, December 22, at 5 pm. At this year’s four-day event, which is … Read more

20.12.2023 | Shopping

Viljandi’s three-day Christmas market begins tomorrow

Viljandi’s three-day Christmas market begins tomorrow

A three-day-long Christmas market will begin tomorrow at the UKU Shopping Centre in Viljandi. At the market, you will … Read more

18.12.2023 | Shopping

Exciting events in Estonia this week

Exciting events in Estonia this week

01.12–06.12,Rotermann Coca-Cola Christmas Market, Tallinn 01.12–07.01,Tallinn Christmas Market, Tallinn 03.12–07.01,Tartu Christmas City, Tartu 05.12–05.01,Väätsa Christmas Windows and Market, Väätsa … Read more

16.12.2023 | Shopping

Telliskivi will be hosting its first-ever Christmas Market today

Telliskivi will be hosting its first-ever Christmas Market today

For the first time ever, the trendy area of Telliskivi will host a Christmas market filled with festive spirit … Read more

9.12.2023 | Shopping

EKA Christmas Fair to break with tradition

EKA Christmas Fair to break with tradition

Breaking with tradition, the EKA Christmas Fair will span two consecutive Sundays this year, taking place at the Estonian … Read more

7.12.2023 | Shopping

camera icon6
Celebrate the winter this weekend in Võru

Celebrate the winter this weekend in Võru

You can embrace the festive spirit at the 7th annual Võru Winter Festival this weekend, December 8 and 9. … Read more