Egypt: Wood Charcoal Market 2024

Wood Charcoal Market Size in Egypt

The Egyptian wood charcoal market fell modestly to $X in 2021, declining by -2.2% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Charcoal Production in Egypt

In value terms, wood charcoal production fell significantly to $X in 2021 estimated in export price. Overall, production saw a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 1,752%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Wood Charcoal Exports

Exports from Egypt

In 2021, shipments abroad of wood charcoal decreased by -35.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood charcoal exports surged to $X in 2021. Overall, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2018 when exports increased by 78%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons) was the main destination for wood charcoal exports from Egypt, accounting for a 35% share of total exports. Moreover, wood charcoal exports to Israel exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Cyprus (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Israel stood at +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+26.7% per year) and Cyprus (-11.2% per year).

In value terms, the United Arab Emirates ($X), Israel ($X) and Saudi Arabia ($X) appeared to be the largest markets for wood charcoal exported from Egypt worldwide, together accounting for 52% of total exports.

The United Arab Emirates, with a CAGR of +26.7%, 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

In 2021, the average wood charcoal export price amounted to $X per ton, surging by 121% against the previous year. Overall, the export price saw temperate growth. 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 for the major export markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Israel ($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 Palestine (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Charcoal Imports

Imports into Egypt

Wood charcoal imports into Egypt soared to X tons in 2021, with an increase of 32% compared with the year before. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 123% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, wood charcoal imports surged to $X in 2021. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 151% against the previous year. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of wood charcoal to Egypt, accounting for a 67% share of total imports. Moreover, wood charcoal imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.7% per year) and the United States (+99.3% per year).

In value terms, Indonesia ($X) constituted the largest supplier of wood charcoal to Egypt, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by the United States, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.0% per year) and the United States (+105.0% per year).

Import Prices by Country

The average wood charcoal import price stood at $X per ton in 2021, increasing by 4.8% against the previous year. Overall, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 246%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and South Africa ($X per ton), while the price for the United States ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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