Global Wood Charcoal Market 2024

Wood Charcoal Market Size

In 2021, the global wood charcoal market decreased by -1% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market reached the maximum level at $X in 2020, and then fell slightly in the following year.

Wood Charcoal Production

In value terms, wood charcoal production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 50%. As a result, production attained the peak level of $X. From 2020 to 2021, global production growth remained at a somewhat lower figure.

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Wood Charcoal Exports

Exports

In 2021, shipments abroad of wood charcoal decreased by -0.3% to X tons, falling for the third consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 17%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the global exports failed to regain momentum.

In value terms, wood charcoal exports expanded rapidly to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.2% against 2012 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 20%. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Indonesia (X tons), distantly followed by India (X tons), Ukraine (X tons), Poland (X tons), Vietnam (X tons), Paraguay (X tons), Nigeria (X tons) and the Philippines (X tons) represented the major exporters of wood charcoal, together comprising 58% of total exports. The following exporters - Cuba (X tons), China (X tons), Argentina (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) - each accounted for a 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood charcoal exports from Indonesia stood at +7.4%. At the same time, Lao People's Democratic Republic (+37.3%), Vietnam (+35.9%), the Philippines (+29.9%), India (+22.7%), Ukraine (+7.8%), Poland (+4.6%), Cuba (+3.7%) and China (+3.3%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.3% from 2012-2021. By contrast, Argentina (-1.1%), Nigeria (-1.3%), Paraguay (-1.8%) and Myanmar (-8.5%) illustrated a downward trend over the same period. While the share of India (+5.9 p.p.), Indonesia (+5.7 p.p.), Vietnam (+5.1 p.p.), the Philippines (+4.6 p.p.), Lao People's Democratic Republic (+2.5 p.p.) and Ukraine (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Nigeria (-2.1 p.p.), Paraguay (-2.8 p.p.) and Myanmar (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood charcoal supplying countries worldwide were Indonesia ($X), China ($X) and Poland ($X), together accounting for 38% of global exports. Vietnam, the Philippines, Ukraine, Paraguay, Lao People's Democratic Republic, India, Nigeria, Cuba, Argentina and Myanmar lagged somewhat behind, together comprising a further 33%.

Among the main exporting countries, Lao People's Democratic Republic, with a CAGR of +43.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood charcoal export price stood at $X per ton in 2021, rising by 5.8% against the previous year. Over the last nine years, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the other global leaders experienced more modest paces of growth.

Wood Charcoal Imports

Imports

In 2021, overseas purchases of wood charcoal were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 20% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of global imports remained at a lower figure.

In value terms, wood charcoal imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. Global imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons), the United States (X tons), Bhutan (X tons), Saudi Arabia (X tons), Germany (X tons), Japan (X tons), South Africa (X tons), Canada (X tons), Poland (X tons), the UK (X tons), the Netherlands (X tons) and Chile (X tons) was the key importer of wood charcoal in the world, achieving 56% of total import. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +34.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest wood charcoal importing markets worldwide were Japan ($X), the United States ($X) and Saudi Arabia ($X), together comprising 21% of global imports. Germany, China, the UK, the Netherlands, Poland, Bhutan, Canada, Chile, South Africa and India lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, India, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood charcoal import price stood at $X per ton in 2021, increasing by 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 when the average import price increased by 8.5%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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