Asia: Wood Charcoal Market 2024

Wood Charcoal Market Size in Asia

In 2021, after four years of growth, there was decline in the Asian wood charcoal market, when its value decreased by -4.8% to $X. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Wood Charcoal Production in Asia

In value terms, wood charcoal production shrank to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +101.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 82%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Wood Charcoal Exports

Exports in Asia

In 2021, wood charcoal exports in Asia was estimated at X tons, picking up by 4.9% compared with 2020. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 25% against the previous year. The volume of export peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, wood charcoal exports expanded notably to $X in 2021. In general, exports saw a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 25% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Indonesia represented the major exporter of wood charcoal in Asia, with the volume of exports reaching X tons, which was near 37% of total exports in 2021. India (X tons) took the second position in the ranking, followed by Vietnam (X tons), the Philippines (X tons), China (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons). All these countries together held near 54% share of total exports.

Exports from Indonesia increased at an average annual rate of +7.4% from 2012 to 2021. At the same time, Lao People's Democratic Republic (+37.3%), Vietnam (+35.9%), the Philippines (+29.9%), India (+22.7%) and China (+3.3%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia, with a CAGR of +37.3% from 2012-2021. By contrast, Myanmar (-8.5%) illustrated a downward trend over the same period. While the share of India (+10 p.p.), Vietnam (+9.8 p.p.), the Philippines (+9.3 p.p.) and Lao People's Democratic Republic (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-2.5 p.p.), China (-3.4 p.p.) and Myanmar (-20 p.p.) displayed negative dynamics.

In value terms, the largest wood charcoal supplying countries in Asia were Indonesia ($X), China ($X) and Vietnam ($X), together accounting for 69% of total exports. These countries were followed by the Philippines, Lao People's Democratic Republic, India and Myanmar, which together accounted for a further 23%.

Among the main exporting countries, Lao People's Democratic Republic, with a CAGR of +43.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2020 an increase of 11%. The level of export peaked in 2021 and is likely to see gradual 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 China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the other leaders experienced more modest paces of growth.

Wood Charcoal Imports

Imports in Asia

In 2021, approx. X tons of wood charcoal were imported in Asia; growing by 2.4% against the previous year. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% 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 -15.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 29%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wood charcoal imports expanded modestly to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons), distantly followed by Bhutan (X tons), Saudi Arabia (X tons), Japan (X tons), India (X tons) and South Korea (X tons) were the major importers of wood charcoal, together committing 64% of total imports. Thailand (X tons), Malaysia (X tons), Iraq (X tons), Jordan (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +37.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Saudi Arabia ($X) and China ($X) were the countries with the highest levels of imports in 2021, together comprising 46% of total imports. These countries were followed by Iraq, Bhutan, South Korea, Jordan, Turkey, Israel, Malaysia, Taiwan (Chinese), Thailand and India, which together accounted for a further 34%.

Iraq, with a CAGR of +39.7%, saw the highest growth rate of the value of imports, among 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

The import price in Asia stood at $X per ton in 2021, increasing by 1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2015 an increase of 7.2%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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