Southern Asia: Wood Charcoal Market 2024

Wood Charcoal Market Size in Southern Asia

After two years of growth, the South Asian wood charcoal market decreased by -1.5% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Wood Charcoal Production in Southern Asia

In value terms, wood charcoal production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 227%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Wood Charcoal Exports

Exports in Southern Asia

Wood charcoal exports soared to X tons in 2021, jumping by 61% on the previous year. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2018 with an increase of 119%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, wood charcoal exports skyrocketed to $X in 2021. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 36%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

India prevails in exports structure, amounting to X tons, which was approx. 93% of total exports in 2021. The following exporters - Sri Lanka (X tons) and Bangladesh (X tons) - together made up 7% of total exports.

Exports from India increased at an average annual rate of +22.7% from 2012 to 2021. At the same time, Bangladesh (+43.9%) and Sri Lanka (+1.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +43.9% from 2012-2021. From 2012 to 2021, the share of India and Bangladesh increased by +14 and +2.5 percentage points, respectively.

In value terms, India ($X) remains the largest wood charcoal supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 10% share of total exports.

In India, wood charcoal exports increased at an average annual rate of +15.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+4.1% per year) and Bangladesh (+44.3% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, dropping by -20.2% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Wood Charcoal Imports

Imports in Southern Asia

In 2021, wood charcoal imports in Southern Asia skyrocketed to X tons, with an increase of 69% against the year before. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 603% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, wood charcoal imports surged to $X in 2021. In general, imports recorded a strong increase. The growth pace was the most rapid in 2018 with an increase of 367% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Bhutan represented the key importing country with an import of around X tons, which recorded 61% of total imports. India (X tons) ranks second in terms of the total imports with a 31% share, followed by Sri Lanka (6.4%).

From 2012 to 2021, the biggest increases were in India (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bhutan ($X) constitutes the largest market for imported wood charcoal in Southern Asia, comprising 66% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 19% share of total imports.

In Bhutan, wood charcoal imports expanded at an average annual rate of +7.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+1.6% per year) and India (+32.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with a decrease of -20.8% against the previous year. Over the period under review, the import price recorded a perceptible setback. The growth pace was the most rapid in 2015 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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