Liberia - Wood Charcoal - Market Analysis, Forecast, Size, Trends and Insights
Liberian Wood Charcoal Market - China Emerges as the Leading Supplier
IndexBox has just published a new report "Liberia: Wood Charcoal – Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
Liberia’s Wood Charcoal Consumption Increased Steadily
In 2016, Liberia’s wood charcoal market attained a figure of 289.8 thousand tonnes, with an average annual rate of +3.8% over the period under review.
The peculiarity of the Liberian wood charcoal market lies in the fact that domestic production represents more than 99% of the market. About 95-99% of the population of Liberia uses charcoal as the main type of energy fuel, primarily for cooking. Therefore, the use of wood charcoal by the low-income population as a readily available (due to the abundance of forests) and the only available fuel stimulates its domestic production.
In 2016, per capita wood charcoal consumption in Liberia was estimated at 64.3 kg/person, with an annual increase of +1.0% from 2007 to 2016. In value terms, per capita wood charcoal consumption in Liberia amounted to 25.5 USD/year, with a CAGR of +8.9% (IndexBox estimates).
According to projections for the period through 2025, the average annual rate of growth will achieve +2.4%, which will lead the market volume to 360 thousand tonnes by 2025.
The Production of Wood Charcoal Indicated Robust Growth throughout the Analyzed Period
In 2016, Liberian production of wood charcoal stood at 290 thousand tonnes. Liberia’s wood charcoal manufacturing illustrated a positive dynamic in terms of production over the period under review, increasing with a CAGR of +3.8% from 2007 to 2016.
Denmark Was the only Consumer of Liberia’s Wood Charcoal Exports
Exports of wooden charcoal from Liberia were extremely irregular and negligible both in terms of volume and value, except for only 2008 and 2015. Therefore, Denmark (391 tonnes) was the only consumer of wooden charcoal from Liberia in 2015. No data on exports was recorded in 2016.
China Emerged as the Leading Supplier of Wood Charcoal
In 2016, wooden charcoal imports to Liberia was 23 tonnes in physical terms, and 127 thousand USD in value terms.
China (23 tonnes) was the main supplier of wooden charcoal to Liberia, with a 99% share of total imports in 2016. Imports from other countries were negligible and irregular throughout the period under review.
Do you want to know more about the charcoal market in Liberia? Get the latest trends and insight from our report. It includes a wide range of statistics on
- wood charcoal market share
- wood charcoal prices
- wood charcoal industry
- wood charcoal sales
- wood charcoal import
- wood charcoal export
- wood charcoal market forecast
- wood charcoal price forecast
Source: IndexBox AI Platform
This report provides an in-depth analysis of the wood charcoal market in Liberia. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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