Malaysia: Wood Charcoal Market 2024

Wood Charcoal Market Size in Malaysia

The Malaysian wood charcoal market skyrocketed to $X in 2021, rising by 177% against the previous year. In general, consumption recorded a remarkable increase. Wood charcoal consumption peaked in 2021 and is likely to see gradual growth in the near future.

Wood Charcoal Production in Malaysia

In value terms, wood charcoal production contracted dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Wood Charcoal Exports

Exports from Malaysia

In 2021, approx. X tons of wood charcoal were exported from Malaysia; waning by -21.1% compared with 2020. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 130%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, wood charcoal exports contracted notably to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 143% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for wood charcoal exports from Malaysia, with a 52% share of total exports. Moreover, wood charcoal exports to Japan exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+25.2% per year) and Saudi Arabia (+18.0% per year).

In value terms, Japan ($X) remains the key foreign market for wood charcoal exports from Malaysia, comprising 61% of total exports. The second position in the ranking was held by China ($X), with a 7.8% share of total exports. It was followed by Saudi Arabia, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+17.2% per year) and Saudi Arabia (+20.5% per year).

Export Prices by Country

The average wood charcoal export price stood at $X per ton in 2021, with an increase of 6.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 9.3%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to the UK ($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 Singapore (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Charcoal Imports

Imports into Malaysia

In 2021, supplies from abroad of wood charcoal was finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 321%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, wood charcoal imports skyrocketed to $X in 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 347% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest wood charcoal supplier to Malaysia, with a 89% share of total imports. Moreover, wood charcoal imports from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-8.1% per year) and China (+2.1% per year).

In value terms, Indonesia ($X) constituted the largest supplier of wood charcoal to Malaysia, comprising 80% of total imports. The second position in the ranking was taken by Thailand ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.8% per year) and China (+3.2% per year).

Import Prices by Country

In 2021, the average wood charcoal import price amounted to $X per ton, with a decrease of -4.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 23%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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