Ecuador: Wood Charcoal Market 2024

Wood Charcoal Market Size in Ecuador

The Ecuadorian wood charcoal market was estimated at $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Wood Charcoal Production in Ecuador

In value terms, wood charcoal production totaled $X in 2021 estimated in export price. Overall, production recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 104% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Wood Charcoal Exports

Exports from Ecuador

In 2021, approx. X tons of wood charcoal were exported from Ecuador; shrinking by -36.3% compared with the previous year's figure. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 111%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood charcoal exports declined remarkably to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 164%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for wood charcoal exports from Ecuador, with a 55% share of total exports. Moreover, wood charcoal exports to Israel exceeded the volume sent to the second major destination, Mexico (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-29.2% per year) and Spain (-1.0% per year).

In value terms, Israel ($X) remains the key foreign market for wood charcoal exports from Ecuador, comprising 72% of total exports. The second position in the ranking was held by Spain ($X), with an 8.9% share of total exports. It was followed by Canada, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-20.0% per year) and Canada (-31.0% per year).

Export Prices by Country

In 2021, the average wood charcoal export price amounted to $X per ton, declining by -5% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2020, and then fell modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Israel ($X per ton), while the average price for exports to Mexico ($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 Canada (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Charcoal Imports

Imports into Ecuador

In 2021, approx. X tons of wood charcoal were imported into Ecuador; shrinking by -33.6% on the previous year. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2014 when imports increased by 254%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, wood charcoal imports shrank remarkably to $X in 2021. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 277%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) constituted the largest wood charcoal supplier to Ecuador, with a 66% share of total imports. Moreover, wood charcoal imports from Argentina exceeded the figures recorded by the second-largest supplier, Panama (X tons), sevenfold. The third position in this ranking was held by Colombia (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+59.6% per year) and Colombia (+41.7% per year).

In value terms, Argentina ($X), Colombia ($X) and China ($X) constituted the largest wood charcoal suppliers to Ecuador, together comprising 70% of total imports. These countries were followed by Mexico, Spain and Panama, which together accounted for a further 28%.

Among the main suppliers, Panama, with a CAGR of +22.8%, recorded the highest growth rate of the value of imports, 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, shrinking by -28.9% against the previous year. Over the period under review, the import price recorded a slight downturn. The growth pace was the most rapid in 2019 when the average import price increased by 73% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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