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

Contents:

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

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

In 2022, the average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $624 per ton, declining by -52.2% against the previous year. In general, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 598% against the previous year. As a result, import price attained the peak level of $6,229 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cameroon ($943 per ton), while the price for China ($445 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+41.3%), 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 Nigeria (FOB) - 2022

The average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $842 per ton in 2022, with a decrease of -5.7% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 94% against the previous year. The export price peaked at $1,965 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +66.9% per year.

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

In 2022, the amount of wood charcoal (including shell or nut charcoal), whether or not agglomerated imported into Nigeria contracted sharply to 54 tons, reducing by -47.7% compared with 2021. In general, imports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 56%.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated contracted remarkably to $34K in 2022. Overall, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 96% against the previous year. As a result, imports reached the peak of $135K, and then shrank significantly in the following year.

Import of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China76.262.574.323.2-32.7%
CameroonN/AN/AN/A1.30%
ThailandN/AN/A0.5N/A0%
Others13.46.459.99.2-11.8%
Total89.668.913533.7-27.8%

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

  1. China (52.1 tons)
  2. Cameroon (1.4 tons)

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

In 2022, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated from Nigeria dropped significantly to 31 tons, reducing by -99.5% against the previous year. Overall, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 607% against the previous year. As a result, the exports reached the peak of 6.4K tons, and then fell remarkably in the following year.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated dropped notably to $26K in 2022. In general, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 529% against the previous year. As a result, the exports attained the peak of $5.7M, and then fell remarkably in the following year.

Export of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania3.21.220.226.0101.0%
Lebanon1393.5183N/A14.7%
United Arab Emirates2,0098123,312N/A28.4%
Others14989.72,184N/A282.9%
Total2,3019065,69926.0-77.6%

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

  1. Romania (30.8 tons)

Source: IndexBox Market Intelligence Platform

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