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Nigeria - Wood Charcoal - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Wood Charcoal Market Overview 2021

Wood Charcoal Market Size in Nigeria

In 2020, the Nigerien wood charcoal market increased by X% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Wood charcoal consumption peaked in 2020 and is likely to continue growth in the near future.

Wood Charcoal Production in Nigeria

In value terms, wood charcoal production dropped to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Wood charcoal production peaked at $X in 2019, and then shrank in the following year.

Wood Charcoal Exports

Exports from Nigeria

In 2020, approx. X tonnes of wood charcoal were exported from Nigeria; reducing by -X% on 2019 figures. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, wood charcoal exports fell significantly to $X in 2020. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2019 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Poland (X tonnes), Italy (X tonnes) and Portugal (X tonnes) were the main destinations of wood charcoal exports from Nigeria, together accounting for X% of total exports. China, Greece, the UK, Belgium, Israel, the Netherlands, Croatia, Germany and Spain lagged somewhat behind, together accounting for a further X 2012 to 2020, the biggest increases were in China (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Portugal ($X) constituted the largest markets for wood charcoal exported from Nigeria worldwide, together accounting for X% of total exports. These countries were followed by the UK, Israel, Greece, Belgium, China, the Netherlands, Croatia, Germany and Spain, which together accounted for a further X the main countries of destination, Greece (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average wood charcoal export price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Israel ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Israel, while the prices for the other major destinations experienced more modest paces of growth.

Wood Charcoal Imports

Imports into Nigeria

In 2020, supplies from abroad of wood charcoal increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are likely to continue growth in the near future.

In value terms, wood charcoal imports surged to $X in 2020. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, China (X tonnes) was the main supplier of wood charcoal to Nigeria, accounting for a X% share of total imports. Moreover, wood charcoal imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of wood charcoal to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

The average wood charcoal import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for India stood at $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood charcoal in the world?
+
The countries with the highest volumes of wood charcoal consumption in 2020 were Brazil (6.4M tonnes), Ethiopia (4.7M tonnes) and Nigeria (4.7M tonnes), with a combined 28% share of global consumption. These countries were followed by China, India, Democratic Republic of the Congo, Tanzania, Ghana, Thailand, Egypt, Madagascar, Somalia and Kenya, which together accounted for a further 36%.
What are the largest producers of wood charcoal in the world?
+
The countries with the highest volumes of wood charcoal production in 2020 were Brazil (6.4M tonnes), Nigeria (4.8M tonnes) and Ethiopia (4.7M tonnes), together accounting for 28% of global production. These countries were followed by China, India, Democratic Republic of the Congo, Tanzania, Ghana, Thailand, Egypt, Madagascar, Somalia and Kenya, which together accounted for a further 36%.
What are the leading suppliers of wood charcoal to Nigeria?
+
In value terms, China ($1.1M) constituted the largest supplier of wood charcoal to Nigeria, comprising 100% of total imports. The second position in the ranking was occupied by India ($3K), with a 0.3% share of total imports.
What are the leading importers of wood charcoal from Nigeria?
+
In value terms, the largest markets for wood charcoal exported from Nigeria were Poland ($4.3M), Italy ($3.8M) and Portugal ($3.1M), with a combined 43% share of total exports. These countries were followed by the UK, Israel, Greece, Belgium, China, the Netherlands, Croatia, Germany and Spain, which together accounted for a further 52%.
What is the average export price for wood charcoal in Nigeria?
+
In 2020, the average wood charcoal export price amounted to $315 per tonne, falling by -4.6% against the previous year.
What is the average import price for wood charcoal in Nigeria?
+
In 2020, the average wood charcoal import price amounted to $773 per tonne, which is down by -25% against the previous year.

Product coverage:
• FCL 1630 - Wood charcoal

This report provides an in-depth analysis of the wood charcoal market in Nigeria. 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.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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