Global Wood Charcoal Market 2024

Wood Charcoal Market Size

After two years of growth, the global wood charcoal market decreased by X% to $X in 2023. Overall, consumption, however, showed a pronounced expansion. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the global market failed to regain momentum.

Wood Charcoal Production

In value terms, wood charcoal production rose to $X in 2023 estimated in export price. Over the period under review, production, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2023, global production growth remained at a lower figure.

Wood Charcoal Exports

Exports

After two years of growth, shipments abroad of wood charcoal decreased by X% to X tons in 2023. Overall, total exports indicated a notable expansion from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The global exports peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, wood charcoal exports contracted to $X in 2023. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The global exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, Indonesia (X tons), distantly followed by Vietnam (X tons), India (X tons), Namibia (X tons), Paraguay (X tons) and the Philippines (X tons) represented the largest exporters of wood charcoal, together comprising X% of total exports. The following exporters - Ukraine (X tons), China (X tons), Mexico (X tons), Poland (X tons), Cuba (X tons), Nigeria (X tons) and Lao People's Democratic Republic (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%), the Philippines (X%), India (X%), Namibia (X%), Mexico (X%), China (X%), Ukraine (X%) and Cuba (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Poland experienced a relatively flat trend pattern. By contrast, Paraguay (X%) and Nigeria (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Indonesia (X p.p.), the Philippines (X p.p.), India (X p.p.), Lao People's Democratic Republic (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the global exports, while Poland, Paraguay and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest wood charcoal supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by China ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

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

Export Prices by Country

In 2023, the average wood charcoal export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The global export price peaked at $X per ton in 2022, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

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

Wood Charcoal Imports

Imports

In 2023, overseas purchases of wood charcoal increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, wood charcoal imports totaled $X in 2023. Overall, total imports indicated a resilient expansion 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 pace of growth appeared the most rapid in 2018 when imports increased by X%. Global imports peaked in 2023 and are likely to see gradual growth in years to come.

Imports by Country

China represented the major importer of wood charcoal in the world, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Bhutan (X tons) ranks second in terms of the total imports with a X% share, followed by the United States (X%). Japan (X tons), South Africa (X tons), South Korea (X tons), Germany (X tons), Thailand (X tons), Saudi Arabia (X tons), the UK (X tons), France (X tons), Poland (X tons) and Spain (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the wood charcoal imports, with a CAGR of X% from 2012 to 2023. At the same time, Spain (X%), Bhutan (X%), the United States (X%), South Korea (X%), South Africa (X%) and the UK (X%) displayed positive paces of growth. Saudi Arabia, Japan and France experienced a relatively flat trend pattern. By contrast, Poland (X%), Thailand (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Bhutan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of global imports.

Among the main importing countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood charcoal import price stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform