Scandinavia: Wood Charcoal Market 2024

Wood Charcoal Market Size in Scandinavia

The Scandinavia wood charcoal market soared to $X in 2021, increasing by 32% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Charcoal Production in Scandinavia

In value terms, wood charcoal production totaled $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 100%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Wood Charcoal Exports

Exports in Scandinavia

In 2021, wood charcoal exports in Scandinavia declined rapidly to X tons, dropping by -27.3% against the year before. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 57% against the previous year. The volume of export peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, wood charcoal exports totaled $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.4% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X tons) was the major exporter of wood charcoal, creating 56% of total exports. Sweden (X tons) ranks second in terms of the total exports with a 20% share, followed by Norway (20%). Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wood charcoal exports from Denmark stood at +12.7%. At the same time, Finland (+15.5%) and Norway (+4.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +15.5% from 2012-2021. By contrast, Sweden (-3.2%) illustrated a downward trend over the same period. Denmark (+25 p.p.) and Finland (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Norway and Sweden saw its share reduced by -2.4% and -23.9% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest wood charcoal supplier in Scandinavia, comprising 64% of total exports. The second position in the ranking was taken by Sweden ($X), with a 24% share of total exports. It was followed by Norway, with an 8.5% share.

In Denmark, wood charcoal exports expanded at an average annual rate of +11.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-5.1% per year) and Norway (+7.6% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 42% against the previous year. Over the period under review, the export price, however, saw a slight decrease. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.1%), while the other leaders experienced a decline in the export price figures.

Wood Charcoal Imports

Imports in Scandinavia

In 2021, approx. X tons of wood charcoal were imported in Scandinavia; increasing by 16% compared with 2020. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, wood charcoal imports soared to $X in 2021. The total import value increased at an average annual rate of +5.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons) and Sweden (X tons) were the largest importers of wood charcoal in 2021, resulting at near 37% and 34% of total imports, respectively. It was distantly followed by Denmark (X tons), Iceland (X tons) and Finland (X tons), together constituting a 29% share of total imports.

From 2012 to 2021, the biggest increases were in Iceland (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood charcoal importing markets in Scandinavia were Norway ($X), Sweden ($X) and Denmark ($X), with a combined 84% share of total imports. These countries were followed by Iceland and Finland, which together accounted for a further 16%.

Among the main importing countries, Iceland, with a CAGR of +44.7%, saw the highest rates of growth with regard to 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 import price in Scandinavia stood at $X per ton in 2021, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Iceland ($X per ton) and Finland ($X per ton), while Denmark ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+21.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform