World - Wood Charcoal - Market Analysis, Forecast, Size, Trends and Insights
Charcoal Market - Somalia and Indonesia in the Vanguard of the Global Charcoal Trade
Charcoal is the result of burning or carbonizing wood. It is not only widely used as fuel for fireplaces, barbecues and heaters, but is also an essential product in some industrial sectors, such as steelmaking. Moreover, when charcoal is mixed into soil, it significantly improves the growth and quality of household plants.
Today, generally speaking, wood continues to play a key role in the global energy matrix. However, factors such as the local level of development, forest availability and competition with other sources of energy are the major determinants of the extensiveness of charcoal use in different countries around the world.
Naturally, the use of charcoal is more practiced in developing nations, where it is of vital importance as a source of primary energy both for domestic and industrial applications. In families and communities of such countries, charcoal is often used for numerous purposes, such as for cooking, drying and production of electricity. In Brazil, for instance, charcoal production has been historically interwoven with many spheres of life, wood being the fundamental source of energy. Especially dependent on charcoal is the Brazilian steelmaking industry.
Developed countries also use charcoal, though lesser and varying degrees. Economic growth commonly encourages these countries to shift toward the use of commercial fuels, such as oil, natural gas and other fossil fuels to decrease their dependence on biomass.
In 2014, China (11.0%), Germany (8.9%), Japan (6.4%), Thailand (5.7%) and the United Kingdom (4.9%) were the leading destinations of imports on the charcoal market, together making up 37.0% of global imports in physical terms. While the share of China increased significantly, the share of Japan illustrated negative dynamics.
Somalia and Indonesia were the main global suppliers of wood charcoal in 2014 with a combined share of 24.6% of global exports. The fastest growing suppliers from 2007 to 2014 were Mexico (+15.2% per year) and Somalia (+14.6% per year). Despite being the largest global producers of wood charcoal, Brazil, Nigeria and Ethiopia did not export much of their production, meaning that it was either domestically consumed, or put in storage.
Do you want to know more about the global charcoal market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- charcoal market share
- charcoal prices
- charcoal industry
- charcoal sales
- charcoal market forecast
- charcoal price forecast
- key charcoal producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global wood charcoal market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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