Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines - 2023

Contents:

1. Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines (FOB) - 2023
2. Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines (CIF) - 2022
3. Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines
4. Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines

Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines (FOB) - 2023

In June 2023, the average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $544 per ton, reducing by -3.2% against the previous month. Overall, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 3.9% month-to-month. The export price peaked at $644 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Japan ($893 per ton), while the average price for exports to China ($506 per ton) was amongst the lowest.

From November 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.2%), while the prices for the other major destinations experienced a decline.

Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines (CIF) - 2022

The average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $602 per ton in 2022, with an increase of 10% against the previous year. In general, the import price continues to indicate measured growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 130%. Over the period under review, average import prices attained the maximum at $1,141 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,344 per ton), while the price for Vietnam ($508 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines

For the fourth consecutive year, the Philippines recorded growth in shipments abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated, which increased by 3.3% to 117K tons in 2022. The total export volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $81M in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 58%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated from the Philippines in 2022:

1. China (82.5K tons)
2. Japan (25.5K tons)
3. South Korea (4.4K tons)
4. Turkey (4.1K tons)

Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in the Philippines

After three years of growth, overseas purchases of wood charcoal (including shell or nut charcoal), whether or not agglomerated decreased by -74.8% to 483 tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,145%.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated reduced notably to $291K in 2022. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 491%.

Top Suppliers of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated to the Philippines in 2022:

1. South Africa (340.7 tons)
2. Vietnam (70.8 tons)
3. Indonesia (63.3 tons)

Source: IndexBox Market Intelligence Platform