Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait - 2022
Contents:
- Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait (CIF) - 2022
- Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait (FOB) - 2022
- Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait
- Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait
Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait (CIF) - 2022
The average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $720 per ton in 2022, rising by 31% against the previous year. Over the period under review, import price indicated a strong expansion from 2013 to 2022: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated increased by +78.1% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Nigeria ($763 per ton), while the price for Egypt ($332 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+8.9%), 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 Kuwait (FOB) - 2022
In 2022, the average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $582 per ton, surging by 7.8% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 79% against the previous year. As a result, the export price attained the peak level of $605 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($700 per ton) and Bahrain ($700 per ton), while the average price for exports to Saudi Arabia ($505 per ton) and Iraq ($700 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+28.0%), 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 Kuwait
In 2022, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated into Kuwait declined markedly to 28K tons, waning by -23.1% on the year before. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 0.2%.
In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $20M in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 9.3% against the previous year.
| Import of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.0 | 4.2 | 3.2 | 3.8 | -1.7% |
| Nigeria | 4.2 | 2.7 | 2.6 | 3.8 | -3.3% |
| Paraguay | 3.2 | 2.1 | 3.0 | 3.5 | 3.0% |
| Vietnam | 4.2 | 4.5 | 3.4 | 2.6 | -14.8% |
| Netherlands | 2.1 | 1.2 | 1.8 | 1.5 | -10.6% |
| Namibia | 0.2 | 0.2 | 0.9 | 1.4 | 91.3% |
| Venezuela | N/A | 0.2 | 0.6 | 1.2 | 144.9% |
| Egypt | 0.3 | 0.1 | 0.9 | 0.8 | 38.7% |
| United Arab Emirates | 1.7 | 2.0 | 1.9 | 0.3 | -43.9% |
| China | 0.5 | 0.6 | 0.6 | 0.3 | -15.7% |
| Others | 0.7 | 0.6 | 1.4 | 1.4 | 26.0% |
| Total | 21.0 | 18.5 | 20.3 | 20.5 | -0.8% |
Top Suppliers of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated to Kuwait in 2022:
- Indonesia (5.0K tons)
- Nigeria (4.9K tons)
- Paraguay (4.6K tons)
- Vietnam (3.4K tons)
- Egypt (2.5K tons)
- Netherlands (2.0K tons)
- Namibia (1.9K tons)
- Venezuela (1.5K tons)
- United Arab Emirates (0.4K tons)
- China (0.3K tons)
Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait
In 2022, overseas shipments of wood charcoal (including shell or nut charcoal), whether or not agglomerated were finally on the rise to reach 451 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous decrease.
In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated soared to $262K in 2022. In general, exports, however, faced a sharp reduction.
| Export of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 318 | 130 | 133 | 154 | -21.5% |
| United Arab Emirates | N/A | N/A | N/A | 49.4 | 0% |
| Iraq | 112 | 8.6 | N/A | 31.3 | -34.6% |
| Bahrain | N/A | N/A | 8.7 | 17.3 | 98.9% |
| Jordan | 43.3 | 25.2 | 50.9 | N/A | 8.4% |
| Lebanon | 46.4 | N/A | N/A | N/A | 0% |
| Others | 2.5 | 63.5 | N/A | 10.5 | 61.3% |
| Total | 522 | 227 | 193 | 262 | -20.5% |
Top Export Markets for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated from Kuwait in 2022:
- Saudi Arabia (304.8 tons)
- United Arab Emirates (70.6 tons)
- Iraq (44.8 tons)
- Bahrain (24.7 tons)
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