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Report Overview
The Australia wood pellet market size was valued at USD 520.60 Million in 2024. The market is further projected to grow at a CAGR of 4.90% between 2025 and 2034, reaching a value of USD 839.96 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Australia is rejecting forest biomass as a source for wood pellets, leading to a shift in policy away from using native forests for energy production.
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Australian wood pellet exports hit a record high in the first half of 2020, with around 56,000 tonnes of pellets exported, a substantial increase from the previous year, driven by shipments to the UK and the Netherlands.
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Prominent wood pellet providers in the country are Pellet Heaters Australia, Pellet Experts Pty Ltd, Renewable Wood Pellets, and Wood Pellets Tasmania Pty Ltd.
Competitive Landscape
Market players are actively engaging in strategic initiatives like mergers, acquisitions, partnerships, and product launches to strengthen their market share and gain a competitive edge in the market.
- Pellet Heaters Australia
- Pellet Experts Pty Ltd
- EcoPellets Tasmania
- Renewable Wood Pellets
- Wood Pellets Tasmania Pty Ltd
- Vios Pellets Pty Ltd
- Others
Australia Wood Pellet Market Report Snapshots
Australia Wood Pellet Market Size
Australia Wood Pellet Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 520.60 Million.
The market is expected to grow at a CAGR of 4.90% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 839.96 Million by 2034.
The market is being driven due to increasing global shift towards renewable energy sources, government initiatives promoting biomass utilisation, rising awareness of carbon emissions reduction, and the versatility of wood pellets in various applications.
Key trends aiding the market expansion include technological advancements in wood pellet production, diverse feedstock types available, and adoption of wood pellets for heating applications in commercial and residential sector.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of wood pellets are combined heat and power (CHP), commercial heating, power plants, and residential heating, among others.
Based on feedstock type, the market segmentations include forest and wood waste resources and agricultural residue, among others.
Key players in this market include Pellet Heaters Australia, Pellet Experts Pty Ltd, EcoPellets Tasmania, Renewable Wood Pellets, Wood Pellets Tasmania Pty Ltd, and Vios Pellets Pty Ltd, among others.
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