Middle East: Wood Charcoal Market 2024

Wood Charcoal Market Size in the Middle East

The Middle Eastern wood charcoal market expanded modestly to $X in 2021, increasing by 2.7% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Charcoal Production in the Middle East

In value terms, wood charcoal production totaled $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 28%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Wood Charcoal Exports

Exports in the Middle East

In 2021, approx. X tons of wood charcoal were exported in the Middle East; rising by 44% on 2020 figures. Over the period under review, exports posted a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 113%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wood charcoal exports surged to $X in 2021. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 73%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey represented the key exporting country with an export of about X tons, which amounted to 58% of total exports. The United Arab Emirates (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Palestine (7%) and Iran (6.3%). The following exporters - Jordan (X tons), Oman (X tons) and Saudi Arabia (X tons) - each finished at a 5.5% share of total exports.

Turkey was also the fastest-growing in terms of the wood charcoal exports, with a CAGR of +84.0% from 2012 to 2021. At the same time, Saudi Arabia (+46.6%), Jordan (+14.5%), the United Arab Emirates (+2.9%) and Oman (+2.2%) displayed positive paces of growth. By contrast, Palestine (-3.5%) and Iran (-15.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Saudi Arabia increased by +58 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest wood charcoal supplier in the Middle East, comprising 62% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Palestine, with a 6.9% share.

In Turkey, wood charcoal exports expanded at an average annual rate of +81.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-1.2% per year) and Palestine (-2.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, shrinking by -6.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 when the export price increased by 22% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Wood Charcoal Imports

Imports in the Middle East

Wood charcoal imports contracted to X tons in 2021, reducing by -2.2% against 2020 figures. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 43% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wood charcoal imports expanded notably to $X in 2021. In general, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 56% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia was the largest importing country with an import of around X tons, which resulted at 36% of total imports. Iraq (X tons) ranks second in terms of the total imports with an 11% share, followed by Jordan (10%), Turkey (8.3%), Israel (6.8%), Lebanon (6.3%) and the United Arab Emirates (6.3%).

Imports into Saudi Arabia increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, Iraq (+37.4%), Jordan (+13.2%), the United Arab Emirates (+9.8%) and Israel (+1.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +37.4% from 2012-2021. By contrast, Lebanon (-1.6%) and Turkey (-3.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Iraq, Saudi Arabia and Jordan increased by +9.5, +6.1 and +4.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported wood charcoal in the Middle East, comprising 33% of total imports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total imports. It was followed by Jordan, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +22.7%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+39.7% per year) and Jordan (+17.7% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 7.8% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood charcoal import price increased by +87.4% against 2012 indices. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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