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

Contents:

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

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

The average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $359 per ton in 2022, with a decrease of -14.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 when the average import price increased by 12%. The import price peaked at $421 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,086 per ton), while the price for Indonesia ($260 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $1,000 per ton, growing by 45% against the previous year. In general, the export price enjoyed a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($11,267 per ton), while the average price for exports to Hong Kong SAR ($145 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+34.9%), 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 Singapore

In 2022, purchases abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated was finally on the rise to reach 9.6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt slump.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated declined to $3.4M in 2022. In general, imports, however, recorded a deep reduction.

Import of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia4,9564,2982,7432,046-25.5%
Vietnam13413415243448.0%
Malaysia581491478394-12.1%
China16610320525214.9%
Namibia56.949.18.41.9-67.8%
Others472288310312-12.9%
Total6,3655,3643,8963,440-18.5%

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

  1. Indonesia (7.9K tons)
  2. Vietnam (0.7K tons)
  3. Malaysia (0.5K tons)
  4. China (0.2K tons)

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

For the third year in a row, Singapore recorded decline in shipments abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated, which decreased by -11% to 1.3K tons in 2022. Over the period under review, exports showed a precipitous curtailment.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated skyrocketed to $1.3M in 2022. Overall, exports saw a dramatic downturn.

Export of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia18.038.6139616224.7%
Bahrain15015164.029024.6%
Brunei Darussalam179242150102-17.1%
LebanonN/AN/AN/A39.80%
Australia20620161.424.7-50.7%
United Arab Emirates0.813.2N/A21.1197.7%
Hong Kong SARN/A73.714.27.1-69.0%
Taiwan (Chinese)N/A80.70.10.1-96.5%
Sri Lanka2,484648N/AN/A-73.9%
JordanN/A947N/AN/A0%
Oman206198251N/A10.4%
Saudi ArabiaN/A21584.7N/A-60.6%
Others1476162131613.1%
Total3,3903,4259771,262-28.1%

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

  1. Bahrain (396.4 tons)
  2. Malaysia (220.9 tons)
  3. Brunei Darussalam (184.1 tons)
  4. United Arab Emirates (135.8 tons)
  5. Australia (89.8 tons)
  6. Lebanon (78.0 tons)
  7. Hong Kong SAR (48.7 tons)
  8. Taiwan (Chinese) (0.3 tons)

Source: IndexBox Market Intelligence Platform

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