Wood pellet consumption in the European Union is expected to begin to rebound this year, reaching 23.45 million metric tons with increases for both residential and industrial use, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network. According to report, EU consumption of wood pellets declined in 2023 and 2024 due to a mild winter, high stocks, lower power prices and power plant outages. Increased consumption in 2025 is also expected to push imports higher. The EU is expected to produce 20.5 million metric tons of wood pellets in 2025, up from 19.9 million in 2024 and 19.97 million in 2023. Imports are expected to reach 4.68 million metric tons this year, up from 4.48 million metric tons last year and 4.9 million metric tons in 2023. Exports are expected to reach 1.7 million metric tons in 2025, up from 1.66 million metric tons in 2024 and 1.17 million metric tons in 2023.