Wood Pellet Prices Stabilize in Germany after Months of Decline
After months of decline, wood pellet prices in Germany have stabilized in recent weeks. According to industry experts, pellet prices have more than halved since November, but have not fallen further since mid-April. In fact, in some federal states, there were even slight price increases.
As of now, wood pellets are currently cheapest in Thuringia and Hesse, while customers have to pay the most for their pellets in Berlin and Brandenburg. The price difference between the cheapest and most expensive regions is almost 50 euros per ton.
The stabilization of pellet prices is a welcome relief for consumers who rely on wood pellets for heating. In the last two weeks of April, pellet prices did not fall any further. In some federal states, such as North Rhine-Westphalia and Rhineland-Palatinate, wood pellets even cost 10 to 12 euros more than in mid-April.
The decline in pellet prices can be attributed to several factors, including a mild winter, a decrease in demand due to the COVID-19 pandemic, and an increase in pellet production in Europe. In addition, the availability of alternative heating sources such as natural gas and oil has also contributed to the decline in demand for wood pellets.
Despite the recent stabilization of pellet prices, industry experts predict that prices will remain low in the coming months. This is due to the continued increase in pellet production in Europe, as well as the ongoing impact of the COVID-19 pandemic on demand for wood pellets.
Wood pellets are a popular and sustainable heating source in Germany, with many consumers opting for this renewable energy source in an effort to reduce their carbon footprint. The stabilization of pellet prices is therefore good news for both consumers and the environment.
In conclusion, the recent stabilization of wood pellet prices in Germany is a welcome relief for consumers who rely on this renewable energy source for heating. While prices have more than halved since November, they have not fallen further since mid-April, and in some federal states, there were even slight price increases. Despite the impact of the COVID-19 pandemic on demand, industry experts predict that pellet prices will remain low in the coming months, thanks to the increase in pellet production in Europe.