ASEAN: Wood Charcoal Market 2024

Wood Charcoal Market Size in ASEAN

In 2023, the ASEAN wood charcoal market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Wood Charcoal Production in ASEAN

In value terms, wood charcoal production reduced modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2022, and then contracted slightly in the following year.

Wood Charcoal Exports

Exports in ASEAN

In 2023, shipments abroad of wood charcoal increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the near future.

In value terms, wood charcoal exports dropped to $X in 2023. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, Indonesia (X tons) was the main exporter of wood charcoal, making up X% of total exports. Vietnam (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%) and Lao People's Democratic Republic (X%). The following exporters - Malaysia (X tons) and Thailand (X tons) - together made up X% of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), the Philippines (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Thailand (X p.p.), Malaysia (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest wood charcoal supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Indonesia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Lao People's Democratic Republic ($X per ton), while Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Wood Charcoal Imports

Imports in ASEAN

In 2023, purchases abroad of wood charcoal increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, wood charcoal imports soared to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand represented the key importer of wood charcoal in ASEAN, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%) and Singapore (X%).

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest wood charcoal importing markets in ASEAN were Malaysia ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, remaining relatively unchanged against the previous year. Import price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wood charcoal import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform