Somalia: Wood Fuel (Non-Coniferous) Market 2020

Wood Fuel (Non-Coniferous) Market Size in Somalia

The revenue of the wood fuel (non-coniferous) market in Somalia amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total market indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wood fuel (non-coniferous) consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, the wood fuel (non-coniferous) market reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Wood Fuel (Non-Coniferous) Exports

Exports by Country

In 2018, Indonesia (X cubic meters), distantly followed by Brazil (X cubic meters), China (X cubic meters) and the U.S. (X cubic meters) were the main exporters of wood fuel (non-coniferous), together making up X% of total exports. Poland (X cubic meters), Malaysia (X cubic meters), Canada (X cubic meters), Vietnam (X cubic meters), Bosnia and Herzegovina (X cubic meters), Italy (X cubic meters), Germany (X cubic meters) and the Netherlands (X cubic meters) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the largest wood fuel (non-coniferous) markets from Somalia were Indonesia ($X), Brazil ($X) and the U.S. ($X), with a combined X% share of total exports. China, Poland, Italy, Malaysia, Germany, Canada, the Netherlands, Vietnam and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X the main exporting countries, Bosnia and Herzegovina experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wood fuel (non-coniferous) export price in Somalia amounted to $X per cubic meter, approximately equating the previous year. In general, the wood fuel (non-coniferous) export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per cubic meter), while Indonesia ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina, while the other leaders experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Somalia

Wood fuel (non-coniferous) imports into Somalia totaled X cubic meters in 2018, picking up by X% against the previous year. Over the period under review, wood fuel (non-coniferous) imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Somalia imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, wood fuel (non-coniferous) imports amounted to $X in 2018. Overall, wood fuel (non-coniferous) imports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. In that year, wood fuel (non-coniferous) imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X cubic meters) and Taiwan, Chinese (X cubic meters) represented the main importers of wood fuel (non-coniferous)around the world, together amounting to near X% of total imports. Mexico (X cubic meters) ranks next in terms of the total imports with a X% share, followed by France (X%), South Korea (X%) and Australia (X%). Germany (X cubic meters), Japan (X cubic meters), the UK (X cubic meters), Italy (X cubic meters), Belgium (X cubic meters) and India (X cubic meters) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mexico, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported wood fuel (non-coniferous) into Somalia, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. was relatively modest. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and the UK (-X% per year).

Import Prices by Country

In 2018, the wood fuel (non-coniferous) import price in Somalia amounted to $X per cubic meter, going down by -X% against the previous year. In general, the wood fuel (non-coniferous) import price continues to indicate a sharp reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by X% year-to-year. In that year, the import prices for wood fuel (non-coniferous) reached their peak level of $X per cubic meter, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per cubic meter), while Taiwan, Chinese ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform