In the context of increasing concern about environmental protection and the use of renewable energy, wood pellets are becoming an increasingly popular type in the world . With clean burning, thermal efficiency and environmental friendliness, wood pellets are changing the way people warm and cook.
In this article, we will discuss about trends and price forecasts for wood pellets in Vietnam in 2024.
Wood Pellet Market Development Trends In Vietnam
Vietnam has rich forest resources along with policies to encourage the use of renewable energy, creating favorable conditions for the wood compression market to develop strongly.
According to experts, the demand for wood pellets in Vietnam will continue to increase in the coming years, especially in rural and remote areas, where the use of fuel source transmission systems such as Firewood, remaining popular.
In addition, the trend of applying environmentally friendly heating and cooking system solutions is also driving the demand for wood pellets in households, businesses and public buildings.
Wood Pellet Price Forecast in Vietnam in 2024
Based on the impact of trends and factors, we have a forecast of wood pellet prices in Vietnam in 2024 as follows:
1. Input material prices: With an abundant supply of raw wood and policies to encourage the development of planted forests, input material prices are forecast to be stable or tend to decrease slightly compared to the present.
2. Production Costs: Supporting the development of production technology and automation, wood pellet production costs are expected to decrease significantly, contributing to reducing product prices.
3. Market Demand: With the growth in demand for wood pellets, especially in rural areas and public works, the price of all products will tend to increase slightly compared to the present.
4. Support Policy: Policies to encourage the use of renewable energy and environmental protection will continue to be developed, contributing to reducing product prices and attracting consumer demands.
Overall forecast, the price of compressed wood in Vietnam in 2024 will fluctuate between 130 usd – 170 usd/ton, depending on each region and specific consumer market. This price will continue to create favorable conditions for the next consumer and product user.
In conclusion
The wood pellet market in Vietnam is experiencing impressive developments, meeting the growing demand of consumers and contributing to environmental protection. With the forecast of stable wood pellet prices and a decreasing trend in 2024, this will be a good opportunity for people to access and choose this clean, efficient energy source.
If you need detailing price of wood pellet, do not hesitate to contact us .
Source: Overc Team synthesize, analyze and write articles.
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OVERC are professional company in the field of producing and distributing Wood Pellets, Wood Chips, Sawdust Block, Plywood & Wood Toys.
We are also the purchasing representative for many products in Asia for large corporations around the world.
Our mission is to create a more renewable energy future and a better world by distributing one of the top quality wood products under the sustainable standards, that is “Renewable World”. OVERC Co.,Ltd was established in Vietnam, which has 17 FTA (Free Trade Agreement), one of the countries with the most FTAs in the world.
OVERC Co.,Ltd would like to wish you all the best at this time.
For more information on our products, please visit our website at OVERC.VN – Renewable World.