This evolution is consistent with a more active demand than in previous years, associated with a wetter winter and temperatures closer to the climatic normal after two consecutive particularly mild seasons.
During 2025, pellet prices for domestic use have remained at a relatively narrow band in all formats analyzed (15 kg sack, pallet of sacks and bulk). After the downward correction recorded in the first quarter (resulting from a 2024 campaign closing with ample stocks), prices gradually increased from the second quarter onwards, without abrupt spikes.
On average, the 15 kg bag costs around €5.15/bag, the pallet of sacks in €334/t, the bulk cargo in a dump truck €314/t and the bulk tanker in €335/t, values lower than those reached in 2024.
The year 2025 has been a year of operational stability for distributors, installers and large consumers, facilitating the planning of purchases and supply contracts.
Year-over-year comparison: Q4 2025 vs. 4T 2024 and 4T 2023
Comparing the fourth quarter of 2015 with the same periods in 2024 and 2023 allows for a better observation of the normalization:
- Compared to the 4th quarter of 2023, the 4th quarter 2025 shows very significant declines, especially in bulk formats, which in 2023 still reflected the lingering effects of the energy crisis. In percentage terms, bulk prices are more than one 15% below from the levels of the end of 2023, while the bag shows a more moderate, but equally clear, reduction.
- Compared to Q4 2024, the 4th quarter of 2025 registers a slight uptick in all formats, with quarterly increases ranging between +2.8% and +4.9%, According to the presentation, this increase is not due to structural supply tensions, but rather to a typical seasonal adjustment at the start of the heating season and a demand more aligned with climatic conditions that this season are returning to a "winter normality" not seen in previous years.
The largest factories are reinforcing supply throughout the country, maintaining availability of pellets in both bagged and bulk formats. Furthermore, They are prioritizing the domestic market over exports. Therefore, no supply problems are perceived, nor are there any tensions in supply, product shortages, or speculative behaviors observed.
The start of winter 2025-2026 has been marked by greater atmospheric instability than in previous years, with successive Atlantic fronts, episodes of rain, snow in mountainous areas, and several windstorms. According to analyses and reports released by AEMET, January has had a distinctly wintry character, although without registering prolonged cold waves in climatic terms.
Forecasts point to an end of winter with temperatures around the average or slightly above, suggesting sustained thermal demand, but without extreme episodes compatible with a stable behavior of pellet prices, with moderate fluctuations linked to seasonality and no signs of abrupt upticks for the remainder of the campaign.
The price evolution observed in 2025 therefore responds to a higher real consumption after two seasons of contained demand, and not to structural restrictions in production or distribution.
View and download the Biomass Price Indices (IPB)
https://www.avebiom.org/proyectos/indice-precios-biomasa-al-consumidor