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

Contents:

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

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

In August 2023, the average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $700 per ton, declining by -3.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 11% m-o-m. As a result, import price attained the peak level of $767 per ton. From March 2023 to August 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($1,320 per ton), while the price for El Salvador ($254 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $1,528 per ton in August 2023, picking up by 48% against the previous month. Over the last eight months, it increased at an average monthly rate of +3.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was South Korea ($2,847 per ton), while the average price for exports to Japan ($547 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, purchases abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated decreased by -26.8% to 138K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated fell rapidly to $94M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year.

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

1. Mexico (94.0K tons)
2. Paraguay (9.9K tons)
3. Indonesia (8.9K tons)
4. Brazil (3.8K tons)
5. Venezuela (3.8K tons)
6. Namibia (3.3K tons)
7. Canada (2.2K tons)

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

After three years of growth, shipments abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated decreased by -32.3% to 19K tons in 2022. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 21%. As a result, the exports reached the peak of 28K tons, and then reduced remarkably in the following year.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated reduced notably to $18M in 2022. Over the period under review, exports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $26M, and then declined significantly in the following year.

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

1. Canada (14.1K tons)
2. Norway (1.6K tons)
3. Mexico (0.6K tons)
4. Japan (0.6K tons)
5. Oman (0.3K tons)
6. Dominican Republic (0.1K tons)

Source: IndexBox Market Intelligence Platform