Canada: Wood Charcoal Market 2024

Wood Charcoal Market Size in Canada

In 2021, the Canadian wood charcoal market increased by 39% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption saw a buoyant increase. Wood charcoal consumption peaked in 2021 and is likely to see gradual growth in the near future.

Wood Charcoal Production in Canada

In value terms, wood charcoal production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Wood Charcoal Exports

Exports from Canada

In 2021, approx. X tons of wood charcoal were exported from Canada; reducing by -27% against 2020 figures. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -46.7% against 2016 indices. The growth pace was the most rapid in 2016 when exports increased by 58%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood charcoal exports rose significantly to $X in 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +19.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 36%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of wood charcoal exports from Canada, together comprising 96% of total exports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +129.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood charcoal exported from Canada were the United States ($X), the United Arab Emirates ($X) and the Netherlands ($X), with a combined 97% share of total exports.

The United Arab Emirates, with a CAGR of +106.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood charcoal export price stood at $X per ton in 2021, surging by 52% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+3.6%), while the prices for the other major destinations experienced a decline.

Wood Charcoal Imports

Imports into Canada

In 2021, supplies from abroad of wood charcoal increased by 51% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 99% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wood charcoal imports soared to $X in 2021. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), China (X tons) and Mexico (X tons) were the main suppliers of wood charcoal imports to Canada, together accounting for 84% of total imports. These countries were followed by Paraguay, the Netherlands, Indonesia and Antigua and Barbuda, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +112.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of wood charcoal to Canada, comprising 60% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Paraguay, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.6% per year) and Paraguay (+35.1% per year).

Import Prices by Country

The average wood charcoal import price stood at $X per ton in 2021, declining by -17.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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