ASEAN: Wood Charcoal Market 2024

Wood Charcoal Market Size in ASEAN

After two years of growth, the ASEAN wood charcoal market decreased by -3.5% to $X in 2021. In general, consumption saw a modest increase. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Wood Charcoal Production in ASEAN

In value terms, wood charcoal production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 14%. Over the period under review, production attained the peak level at $X in 2020, and then shrank slightly in the following year.

Wood Charcoal Exports

Exports in ASEAN

In 2021, shipments abroad of wood charcoal decreased by -3.5% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 28% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood charcoal exports reached $X in 2021. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 30% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Indonesia was the largest exporter of wood charcoal in ASEAN, with the volume of exports accounting for X tons, which was approx. 50% of total exports in 2021. It was distantly followed by Vietnam (X tons), the Philippines (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons), together generating a 43% share of total exports. The following exporters - Malaysia (X tons) and Thailand (X tons) - together made up 6.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood charcoal exports from Indonesia stood at +7.4%. At the same time, Lao People's Democratic Republic (+37.3%), Vietnam (+35.9%) and the Philippines (+29.9%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +37.3% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (-2.1%) and Myanmar (-8.5%) illustrated a downward trend over the same period. While the share of Vietnam (+13 p.p.), the Philippines (+13 p.p.) and Lao People's Democratic Republic (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-3.1 p.p.), Malaysia (-3.8 p.p.) and Myanmar (-24.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest wood charcoal supplier in ASEAN, comprising 53% of total exports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total exports. It was followed by the Philippines, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia stood at +11.9%. In the other countries, the average annual rates were as follows: Vietnam (+38.0% per year) and the Philippines (+35.8% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, with an increase of 17% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood charcoal export price increased by +30.7% against 2018 indices. 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 amongst the major exporting countries. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+4.7%), while the other leaders experienced more modest paces of growth.

Wood Charcoal Imports

Imports in ASEAN

After two years of decline, overseas purchases of wood charcoal increased by 14% to X tons in 2021. In general, imports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 when imports increased by 52% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, wood charcoal imports surged to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.0% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 74% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly 81% of total imports in 2021. Vietnam (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (6.8%).

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 87% share of total imports.

Vietnam, with a CAGR of +18.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, rising by 10% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood charcoal import price increased by +108.1% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform