Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia - 2022

Contents:

1. Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia (FOB) - 2022
2. Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia (CIF) - 2022
3. Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia
4. Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia

Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia (FOB) - 2022

The average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $787 per ton in March 2022, increasing by 15% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 23% m-o-m. Over the period under review, the average export prices attained the maximum in March 2022.

There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Iraq ($1,179 per ton), while the average price for exports to Malaysia ($231 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia (CIF) - 2022

The average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $764 per ton in 2022, falling by -19.8% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 259%. Over the period under review, average import prices attained the peak figure at $6,287 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($18,750 per ton), while the price for the Philippines ($330 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+83.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in overseas shipments of wood charcoal (including shell or nut charcoal), whether or not agglomerated, when their volume increased by 13% to 528K tons. Overall, exports continue to indicate a relatively flat trend pattern. 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 skyrocketed to $360M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Saudi Arabia (69.4K tons)
2. Iraq (51.9K tons)
3. South Korea (49.8K tons)
4. Malaysia (39.6K tons)
5. China (34.6K tons)
6. Belgium (27.2K tons)
7. Japan (26.2K tons)
8. United Arab Emirates (19.3K tons)
9. Lebanon (16.9K tons)
10. Turkey (15.4K tons)
11. Netherlands (14.6K tons)
12. Jordan (13.2K tons)
13. Qatar (12.6K tons)

Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Indonesia

In 2022, overseas purchases of wood charcoal (including shell or nut charcoal), whether or not agglomerated decreased by -7.5% to 867 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.3% 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 +87.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 67%.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated shrank significantly to $662K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 35%.

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

1. China (609.5 tons)
2. Philippines (240.0 tons)

Source: IndexBox Market Intelligence Platform