Venezuela: Wood Charcoal Market 2024

Wood Charcoal Market Size in Venezuela

The Venezuelan wood charcoal market contracted significantly to $X in 2021, waning by -15.3% against the previous year. Overall, consumption recorded a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wood Charcoal Production in Venezuela

In value terms, wood charcoal production stood at $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 156% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Wood Charcoal Exports

Exports from Venezuela

In 2021, after two years of decline, there was significant growth in shipments abroad of wood charcoal, when their volume increased by 38% to X tons. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 275% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wood charcoal exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 354%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons), Croatia (X tons) and Lebanon (X tons) were the main destinations of wood charcoal exports from Venezuela, together comprising 62% of total exports. Canada, Saudi Arabia, Israel, the United Arab Emirates, Poland, Greece, Qatar, Spain, Jordan and Germany lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +521.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood charcoal exported from Venezuela were the United States ($X), Lebanon ($X) and Croatia ($X), with a combined 57% share of total exports. These countries were followed by Canada, Israel, Saudi Arabia, Greece, Jordan, Germany, the United Arab Emirates, Qatar, Poland and Spain, which together accounted for a further 35%.

Among the main countries of destination, Poland, with a CAGR of +504.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood charcoal export price amounted to $X per ton, reducing by -2.3% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2016 when the average export price increased by 21%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Jordan ($X per ton), while the average price for exports to Spain ($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 Croatia (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Charcoal Imports

Imports into Venezuela

After three years of growth, supplies from abroad of wood charcoal decreased by -55.6% to X tons in 2021. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 115% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined notably in the following year.

In value terms, wood charcoal imports reduced sharply to $X in 2021. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. Imports peaked at $X in 2020, and then reduced markedly in the following year.

Imports by Country

Indonesia (X tons), China (X tons) and the United States (X tons) were the main suppliers of wood charcoal imports to Venezuela, together accounting for 86% of total imports. These countries were followed by Panama and Lebanon, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were in Panama (with a CAGR of +98.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of wood charcoal to Venezuela, comprising 61% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 24% share of total imports. It was followed by the United States, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+24.5% per year) and the United States (+21.4% per year).

Import Prices by Country

In 2021, the average wood charcoal import price amounted to $X per ton, rising by 70% against the previous year. Over the period under review, the import price showed resilient growth. 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 China ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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