Chile: Wood Charcoal Market 2024

Wood Charcoal Market Size in Chile

In 2021, the Chilean wood charcoal market increased by 13% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Wood Charcoal Production in Chile

In value terms, wood charcoal production totaled $X in 2021 estimated in export price. In general, production, however, showed a deep downturn. The growth pace was the most rapid in 2015 with an increase of 78%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Wood Charcoal Exports

Exports from Chile

In 2021, overseas shipments of wood charcoal decreased by -85.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by 621%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood charcoal exports dropped significantly to $X in 2021. Over the period under review, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 444% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for wood charcoal exports from Chile, with a 60% share of total exports. Moreover, wood charcoal exports to Peru exceeded the volume sent to the second major destination, Bolivia (X kg), sixfold. Singapore (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-17.7% per year) and Singapore (0.0% per year).

In value terms, Spain ($X), Peru ($X) and Bolivia ($X) appeared to be the largest markets for wood charcoal exported from Chile worldwide, together comprising 85% of total exports.

Among the main countries of destination, Spain, with a CAGR of +1.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wood charcoal export price stood at $X per ton in 2021, rising by 46% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Peru ($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 Spain (-0.0%), while the prices for the other major destinations experienced a decline.

Wood Charcoal Imports

Imports into Chile

In 2021, purchases abroad of wood charcoal increased by 74% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood charcoal imports skyrocketed to $X in 2021. Overall, imports continue to indicate a temperate expansion. The growth pace was the most rapid in 2015 when imports increased by 70%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest wood charcoal supplier to Chile, with a 74% share of total imports. Moreover, wood charcoal imports from Argentina exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), sixfold. The third position in this ranking was taken by Colombia (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+8.4% per year) and Colombia (+1.7% per year).

In value terms, Argentina ($X) constituted the largest supplier of wood charcoal to Chile, comprising 62% of total imports. The second position in the ranking was held by Paraguay ($X), with an 18% share of total imports. It was followed by Colombia, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+4.1% per year) and Colombia (+1.9% per year).

Import Prices by Country

The average wood charcoal import price stood at $X per ton in 2021, reducing by -8.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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