Europe is also known as the biggest export market for wood pellets. The European market is especially important to the US and Canadian wood pellet exporters. North America provides more than three-quarters of the pellets used by the European energy sector, which has increased recently due to the trade restrictions between Russia and Belarus. Interestingly, the combined yearly imports of South Korea and Japan in 2022 were much lower than the yearly imports of Europe which amounted to around 12 million tonnes.
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