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

Contents:

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

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

In June 2023, the average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $571 per ton, dropping by -43.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 85% month-to-month. As a result, import price reached the peak level of $1,257 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Vietnam ($658 per ton), while the price for Malaysia ($433 per ton) was amongst the lowest.

From November 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), 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 Hong Kong SAR (FOB) - 2023

The average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $1,497 per ton in June 2023, increasing by 7.4% against the previous month. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in March 2023 an increase of 266% against the previous month. As a result, the export price reached the peak level of $1,578 per ton. From April 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($1,549 per ton), while the average price for exports to Macao SAR amounted to $872 per ton.

From November 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.9%).

Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Hong Kong SAR

In 2022, overseas purchases of wood charcoal (including shell or nut charcoal), whether or not agglomerated decreased by -19.4% to 3.4K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a mild setback. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. As a result, imports attained the peak of 4.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated reduced to $1.9M in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of $2.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Indonesia (1844.2 tons)
2. Thailand (568.8 tons)
3. Vietnam (404.2 tons)
4. China (310.5 tons)
5. Malaysia (200.4 tons)
6. Japan (19.8 tons)

Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Hong Kong SAR

For the fourth year in a row, Hong Kong SAR recorded growth in shipments abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated, which increased by 52% to 577 tons in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated surged to $324K in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 66%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. China (280.9 tons)
2. Macao SAR (224.6 tons)
3. Philippines (40.6 tons)
4. Japan (31.0 tons)

Source: IndexBox Market Intelligence Platform