Market research

Coniferous wood fuel market in Nicaragua

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The coniferous wood fuel market in Nicaragua exhibited remarkable stability from 2018 to 2023, with total market volume edging up only slightly from 679.1 thousand m³ to 681.0 thousand m³. This minimal growth of 0.3% over six years occurred in a fully self-sufficient market, as neither imports nor exports were recorded. The consistent, incremental expansion suggests a mature market with balanced supply and demand.

A significant driver emerged in 2021 when sales of timber and wood manufactures surged by 190% in the second quarter, reflecting heightened activity in the forestry sector. This boom in wood product demand directly supported the production of wood fuel, coinciding with the period's most notable market volume increase. Concurrently, structural shifts in the country's broader energy landscape created a defining context. U.S. sanctions against the state-owned fuel distributor DNP in late 2019 allowed Uno Petrol and Puma Energy to consolidate their dominance over the conventional fuel market.

Beginning in January 2022, the government implemented a nationwide freeze on hydrocarbon fuel prices, a policy maintained through 2023 and 2024 to protect the local economy. Supervised by the Nicaraguan Energy Institute (INE), this measure stabilized prices for gasoline and diesel, potentially influencing the competitive position and growth rate of alternative fuels like coniferous wood fuel within the national energy mix.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Nicaragua
  1. 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Nicaragua in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, m³
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/m³
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, m³
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/m³
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, m³
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/m³
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, m³
    1. 7.2.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, m³
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, m³
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coniferous wood fuel in Nicaragua

In kind, 2017-2020, K m³

Top producers of coniferous wood fuel, 2017-2020

Source: SHEV.io

World map of production of coniferous wood fuel, 2017-2020

Source: SHEV.io

In 2019, Nicaragua produced 679.1 thousand cubic meters of coniferous wood fuel, which was the lowest level recorded during this period. Production remained broadly stable in 2020 at 679.2 thousand cubic meters, showing minimal change from the previous year. The largest fluctuations occurred in 2018, with both the largest decline and increase recorded at 0.0%.

Annual dynamics of production in Nicaragua in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.0%)	(0.0%)	0.0%	(0.0%)

Source: SHEV.io

Exports coniferous wood fuel from Nicaragua

Exports in kind, m³

The market exhibited an unstable trend throughout the timeframe. Exports reached their lowest point in 2018 and peaked in 2017, with a dramatic 633-fold difference between these years. In 2020, Nicaragua exported 25.10 cubic meters of coniferous wood fuel, representing a sharp 99.8% drop compared to the prior year.

Annual dynamics of product's exports from Nicaragua in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.8%)	n/a	n/a	(4.9%)

Source: SHEV.io

From 2017 to 2020, Nicaragua's exports of coniferous wood fuel were highly concentrated, with Honduras accounting for 100.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nicaragua in kind, 2017-2020

Source: SHEV.io

Exports in value, $ US

There were noticeable fluctuations in market performance during the period. Exports hit their low in 2018 and their high in 2017, with volumes varying 25 times between these years. In 2020, Nicaragua's coniferous wood fuel exports totaled 6 283 US dollars, equivalent to a sharp 95.9% decrease from 2019.

Annual dynamics of product's exports from Nicaragua in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(95.9%)	n/a	n/a	(2.1%)

Source: SHEV.io

From 2017 to 2020, Honduras was the almost exclusive buyer of coniferous wood fuel from Nicaragua, taking 100.0% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nicaragua in value, 2017-2020

Source: SHEV.io

Imports coniferous wood fuel to Nicaragua

Imports in kind, m³

In 2019, Nicaragua's cross-border shipments of coniferous wood fuel registered 0.0 cubic meters, showing no significant change compared to the previous year. Over the period from 2017 to 2019, imports decreased by 91.1%, with a compound annual growth rate of 55.3%.

Annual dynamics of product's imports to Nicaragua in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, virtually all imports of coniferous wood fuel to Nicaragua were associated with the United States, whose share reached 100.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nicaragua in kind, 2017-2020

Source: SHEV.io

Imports in value, $ US

In 2019, Nicaragua's coniferous wood fuel imports totaled 2 US dollars, recording only a marginal fluctuation from a year earlier. Between 2017 and 2019, imports decreased by 76.8%, equating to a 38.6% annualized rate.

Annual dynamics of product's imports to Nicaragua in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, the United States clearly dominated the list of suppliers of coniferous wood fuel to Nicaragua, taking 100.0% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nicaragua in value, 2017-2020

Source: SHEV.io