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

Contents:

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

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

The average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $522 per ton in July 2023, growing by 7.5% against the previous month. Overall, the import price, however, showed a noticeable contraction. Over the period under review, average import prices hit record highs at $656 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($950 per ton), while the price for Egypt ($254 per ton) was amongst the lowest.

From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Venezuela (0.0%), while the prices for the other major suppliers experienced a decline.

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

In July 2023, the average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $630 per ton, which is down by -2.9% against the previous month. In general, the export price recorded a mild setback. The growth pace was the most rapid in January 2023 when the average export price increased by 26% month-to-month. Over the period under review, the average export prices reached the maximum at $921 per ton in February 2023; however, from March 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Saudi Arabia ($1,504 per ton), while the average price for exports to Cyprus ($193 per ton) was amongst the lowest.

From December 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.9%), 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 Turkey

In 2022, supplies from abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated was finally on the rise to reach 61K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt downturn.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated soared to $39M in 2022. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Indonesia (13.7K tons)
2. Russia (13.6K tons)
3. Cuba (11.8K tons)
4. Philippines (4.9K tons)
5. Nigeria (3.6K tons)
6. Egypt (2.6K tons)
7. Cote d'Ivoire (1.8K tons)
8. Iran (1.7K tons)
9. Ghana (1.5K tons)
10. China (1.1K tons)
11. Paraguay (0.7K tons)
12. Vietnam (0.5K tons)
13. Malaysia (0.2K tons)

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

In 2022, shipments abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated decreased by -0.8% to 19K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 20K tons, leveling off in the following year.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated surged to $15M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. Syrian Arab Republic (2.7K tons)
2. Greece (2.2K tons)
3. Cyprus (2.2K tons)
4. Iraq (1.9K tons)
5. Romania (1.8K tons)
6. Russia (1.4K tons)
7. Bulgaria (1.0K tons)
8. Israel (0.7K tons)
9. Lebanon (0.6K tons)
10. Germany (0.5K tons)
11. Kuwait (0.4K tons)
12. France (0.4K tons)
13. United Kingdom (0.4K tons)

Source: IndexBox Market Intelligence Platform