Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco - 2023

Contents:

1. Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco (CIF) - 2023
2. Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco (FOB) - 2022
3. Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco
4. Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco

Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco (CIF) - 2023

The average import price for wood charcoal (including shell or nut charcoal), whether or not agglomerated stood at $2,195 per ton in December 2022, growing by 9.3% against the previous month. Overall, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in August 2022 an increase of 16% month-to-month. The import price peaked at $2,800 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were China ($2,339 per ton) and Indonesia ($2,068 per ton), while the price for France ($1,902 per ton) and Belgium ($1,902 per ton) were amongst the lowest.

From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.9%), while the prices for the other major suppliers experienced a decline.

Price for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco (FOB) - 2022

In 2022, the average export price for wood charcoal (including shell or nut charcoal), whether or not agglomerated amounted to $2,545 per ton, rising by 38% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 180%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gambia ($5,778 per ton), while the average price for exports to Italy ($1,867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.7%).

Imports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco

For the fourth consecutive year, Morocco recorded growth in purchases abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated, which increased by 13% to 1.8K tons in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of wood charcoal (including shell or nut charcoal), whether or not agglomerated surged to $4.5M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated to Morocco in 2022:

1. China (1088.1 tons)
2. Indonesia (541.1 tons)
3. France (150.5 tons)
4. Belgium (30.3 tons)

Exports of Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated in Morocco

In 2022, shipments abroad of wood charcoal (including shell or nut charcoal), whether or not agglomerated decreased by -91.7% to 88 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a precipitous slump.

In value terms, exports of wood charcoal (including shell or nut charcoal), whether or not agglomerated reduced notably to $224 in 2022. Over the period under review, exports, however, recorded a resilient expansion.

Top Export Markets for Wood Charcoal (Including Shell or Nut Charcoal), Whether or Not Agglomerated from Morocco in 2022:

1. Spain (49.0 kg)
2. Italy (30.0 kg)
3. Gambia (9.0 kg)

Source: IndexBox Market Intelligence Platform