# HS 230320 Whether Or Not In The Form Of Pellet global trade...

Reported global trade in whether or not in the form of pellets reached $769.8M in 2024, with five-year annual growth of -0.2%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $782.1M | +1.9% | +21.8% |
| 2014 | $753.8M | -3.6% | +8.4% |
| 2015 | $586.1M | -22.2% | -8.6% |
| 2016 | $605.0M | +3.2% | -8.2% |
| 2017 | $649.5M | +7.4% | -4.8% |
| 2018 | $794.6M | +22.3% | +10.7% |
| 2019 | $778.0M | -2.1% | +8.7% |
| 2020 | $797.6M | +2.5% | +7.1% |
| 2021 | $849.9M | +6.6% | +2.3% |
| 2022 | $983.5M | +15.7% | +8.1% |
| 2023 | $930.4M | -5.4% | +5.3% |
| 2024 | $769.8M | -17.3% | -3.2% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Morocco | $92.0M | +4.8% | 8 |
| China | $75.9M | +64.5% | 6 |
| Italy | $66.0M | +0.1% | 20 |
| Belgium | $60.3M | -1.3% | 18 |
| Japan | $51.3M | -4.9% | 17 |
| Netherlands | $44.3M | -5.8% | 34 |
| Spain | $39.9M | -2.2% | 14 |
| Ireland | $37.1M | +3.3% | 19 |
| Turkey | $33.6M | +8.8% | 5 |
| Saudi Arabia | $31.5M | +0.9% | 7 |
| Denmark | $29.2M | -3.6% | 13 |
| Republic of Korea | $25.8M | -4% | 16 |

_Source: reported merchandise trade data. Updated 2026-08-14._