Wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated

In 2024, wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated trade exhibited significant decline, with global flows reaching $1,557,180,393 and a three-year compound annual growth rate of +3.1% (five-year: +3.8%). The all-time peak of $1,686,897,285 was recorded in 2023; the current level is 8% below that high-water mark.

Over the 30-year observation window (1995–2024), 83% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (-1.3% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.076). The three largest exporters — Indonesia ($352.7M), Vietnam ($92.6M), and Poland ($78.3M) — collectively dominate supply flows. The leading exporter has grown at +7.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.041). The three largest import markets are China ($174.8M), Saudi Arabia ($103.4M), and Japan ($98.7M). The largest importing market sources from 34 different supplying countries.

Estimated substitution elasticity: -14.56. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Indonesia → Saudi Arabia at $61.4M, representing 59.4% of the importer's total demand.

The volatility score for wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated is 3 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.