Norway: Wood Charcoal Market 2024

Wood Charcoal Market Size in Norway

In 2021, the Norwegian wood charcoal market increased by 8.5% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the near future.

Wood Charcoal Exports

Exports from Norway

In 2021, the amount of wood charcoal exported from Norway reduced rapidly to X tons, which is down by -71.2% against the previous year. Over the period under review, exports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2020 when exports increased by 81% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, wood charcoal exports plummeted to $X in 2021. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 276%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Poland (X tons) was the main destination for wood charcoal exports from Norway, with a 72% share of total exports. Moreover, wood charcoal exports to Poland exceeded the volume sent to the second major destination, Iceland (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+50.6% per year) and Sweden (-21.1% per year).

In value terms, the largest markets for wood charcoal exported from Norway were Poland ($X), Iceland ($X) and Sweden ($X), together accounting for 100% of total exports.

Iceland, with a CAGR of +36.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average wood charcoal export price amounted to $X per ton, falling by -5.4% against the previous year. In general, the export price, however, posted noticeable growth. The growth pace was the most rapid in 2020 an increase of 107% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Iceland ($X per ton), while the average price for exports to Poland ($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 Sweden (+2.0%), while the prices for the other major destinations experienced a decline.

Wood Charcoal Imports

Imports into Norway

In 2021, approx. X tons of wood charcoal were imported into Norway; reducing by -13.4% against the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, wood charcoal imports stood at $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Indonesia (X tons) and the United States (X tons) were the main suppliers of wood charcoal imports to Norway, with a combined 87% share of total imports. The Netherlands, Brazil, Denmark and Sweden lagged somewhat behind, together accounting for a further 8.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +134.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Indonesia ($X) and the United States ($X) appeared to be the largest wood charcoal suppliers to Norway, with a combined 85% share of total imports.

The United States, with a CAGR of +99.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, growing by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for Brazil ($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 (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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