Angola: Wood Charcoal Market 2024

Wood Charcoal Market Size in Angola

After two years of growth, the Angolan wood charcoal market decreased by -3.2% to $X in 2021. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.5% against 2018 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wood Charcoal Production in Angola

In value terms, wood charcoal production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 172% against the previous year. Wood charcoal production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wood Charcoal Exports

Exports from Angola

In 2021, exports of wood charcoal from Angola declined sharply to X tons, waning by -56.9% on 2020. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 394%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, wood charcoal exports declined dramatically to $X in 2021. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 548%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons), Democratic Republic of the Congo (X tons) and Lebanon (X tons) were the main destinations of wood charcoal exports from Angola, with a combined 99.9% share of total exports.

From 2012 to 2021, the biggest increases were in Democratic Republic of the Congo (with a CAGR of +67.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Portugal ($X) remains the key foreign market for wood charcoal exports from Angola, comprising 58% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal stood at +54.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+120.3% per year) and Lebanon (+1.0% per year).

Export Prices by Country

The average wood charcoal export price stood at $X per ton in 2021, growing by 31% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 139% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Charcoal Imports

Imports into Angola

Wood charcoal imports into Angola contracted notably to X tons in 2021, with a decrease of -35.2% against 2020 figures. In general, imports, however, showed perceptible growth. The pace of growth was the most pronounced in 2020 when imports increased by 281%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wood charcoal imports fell significantly to $X in 2021. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 191%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of wood charcoal to Angola, with a 58% share of total imports. Moreover, wood charcoal imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by South Africa (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.2% per year) and South Africa (-19.0% per year).

In value terms, Portugal ($X), South Africa ($X) and China ($X) appeared to be the largest wood charcoal suppliers to Angola, together comprising 78% of total imports.

China, with a CAGR of +41.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood charcoal import price stood at $X per ton in 2021, jumping by 28% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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