Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The wood fuel market in Denmark: price development, market efficiency and internationalization
Stockholm University, Stockholm Environment Institute. School for Forest Management, Swedish University of Agricultural Sciences (SLU).
School for Forest Management, Swedish University of Agricultural Sciences (SLU).
2014 (English)In: Energy, ISSN 0360-5442, E-ISSN 1873-6785, Vol. 78, 141-148 p.Article in journal (Refereed) Published
Abstract [en]

In this paper, the Danish wood fuel market is investigated. The analysis consists of three parts. First, the development of price dispersion over time for wood chips and wood pellets is examined as a proxy for market transparency. Second, the interconnections between the prices of pellets, chips and straw are studied by use of cointegration analysis. Finally, relations between wood fuel prices in Denmark and Sweden are analyzed. The result is that price dispersion has decreased notably for wood pellets, but not for wood chips. In terms of intra-fuel cointegration, the results point towards the presence of cointegration between prices of wood chips and straw. There are also indications that the Swedish and Danish markets for wood pellets are integrated but this is not the case for wood chips. Given that Sweden and Denmark trade wood pellets between each other and also import from common third sources, it is logical that pellet prices are cointegrated. The conclusions from this study strengthen the view that markets for wood chips and wood pellets have different characteristics, not least as a result of the lack of transparency resulting from the significant product heterogeneity for wood chips.

Place, publisher, year, edition, pages
2014. Vol. 78, 141-148 p.
Keyword [en]
Wood pellets, Wood chips, Bioenergy markets, Time series analysis, Bioenergy trade, Denmark
National Category
Environmental Sciences
Identifiers
URN: urn:nbn:se:su:diva-111310DOI: 10.1016/j.energy.2014.09.065OAI: oai:DiVA.org:su-111310DiVA: diva2:775171
Available from: 2014-12-30 Created: 2014-12-30 Last updated: 2017-12-05Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text
By organisation
Stockholm Environment Institute
In the same journal
Energy
Environmental Sciences

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 51 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf