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

Contents:

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

Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Latvia (FOB) - 2023

The average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $993 per ton in August 2023, reducing by -21.5% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 22% month-to-month. Over the period under review, the average export prices attained the maximum at $1,320 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,879 per ton), while the average price for exports to Poland ($428 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.7%), 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 Latvia (CIF) - 2023

In August 2023, the average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $1,093 per ton, rising by 12% against the previous month. In general, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in January 2023 an increase of 62% m-o-m. The import price peaked at $1,792 per ton in October 2022; however, from November 2022 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Indonesia ($1,785 per ton), while the price for China ($812 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ireland (+18.4%), 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 Latvia

In 2022, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated from Latvia shrank dramatically to 8.9K tons, with a decrease of -23.5% against the year before. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $7.8M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. France (4.5K tons)
2. Estonia (1.5K tons)
3. Lithuania (1.0K tons)
4. Poland (0.7K tons)
5. United Kingdom (0.3K tons)
6. Ireland (0.3K tons)
7. Spain (0.1K tons)

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

In 2022, the amount of wood charcoal (including shell or nut charcoal), whether or not agglomerated imported into Latvia declined to 3.8K tons, with a decrease of -13.9% against the previous year. Overall, imports saw a deep setback. The smallest decline of -4.7% was in 2021.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated skyrocketed to $3.4M in 2022. In general, imports recorded a relatively flat trend pattern.

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

1. Russia (1477.4 tons)
2. Poland (890.6 tons)
3. Belarus (580.1 tons)
4. Indonesia (331.3 tons)
5. Ireland (140.0 tons)
6. Kyrgyzstan (120.6 tons)
7. Ukraine (99.8 tons)
8. Lithuania (24.8 tons)

Source: IndexBox Market Intelligence Platform