Market research

Wood charcoal market in Liberia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2023, the wood charcoal market in Liberia expanded consistently, with volume rising from 311.8 thousand tons to 368.8 thousand tons. This growth was entirely supported by domestic production, as imports were negligible and ceased after 2020.

The steady increase in market size reflects charcoal's role as the primary cooking fuel for approximately 95% of Liberian households. This entrenched demand ensures a stable consumption base. Additionally, fluctuations in gasoline prices, influenced by global fuel markets, affect transportation costs and consequently the final price of charcoal, indirectly shaping market dynamics.

In 2024, several developments emerged that could influence the charcoal sector. Good harvests improved agricultural product availability, potentially supporting charcoal demand. Meanwhile, the government adjusted petroleum product prices, impacting transportation costs. Notably, Liberia entered a partnership to participate in the global carbon market, and President Boakai established the Carbon Markets Authority, which may introduce new regulations and sustainability standards for charcoal production and forest management.

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 Liberia
  1. 5.1.1. Annual dynamics of production in Liberia in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Liberia 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 t
  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 t
  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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Liberia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Liberia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Liberia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Liberia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Liberia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Liberia by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Liberia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Liberia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Liberia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Liberia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Liberia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Liberia by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Liberia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Liberia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Liberia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Liberia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Liberia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Liberia by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Liberia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Liberia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Liberia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Liberia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Liberia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Liberia by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 wood charcoal in Liberia

In kind, 2017-2020, K t

Top producers of wood charcoal, 2017-2020

Source: SHEV.io

World map of production of wood charcoal, 2017-2020

Source: SHEV.io

Wood charcoal production in Liberia has grown for the third year in a row. In 2020, the country produced 333.6 thousand tonnes of wood charcoal, marking a 3.4% increase compared to the previous year. From 2017 to 2020, production rose by 10.7%, with an average annual growth rate of 3.4%.

Annual dynamics of production in Liberia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.4%	3.4%	3.4%	3.4%

Source: SHEV.io

Exports wood charcoal from Liberia

Market research indicates that Liberia did not export any wood charcoal between 2017 and 2020.

Imports wood charcoal to Liberia

Imports in kind, t

Liberia's wood charcoal imports have also increased for three consecutive years. In 2020, imports reached 1 451 tonnes, showing a sharp rise of 52.0% year-over-year. Over the 2017-2020 period, imports surged by 4 135.6%, with an average annual growth rate of 248.6%.

Annual dynamics of product's imports to Liberia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	38.0%	1 918.7%	52.0%	248.6%

Source: SHEV.io

From 2017 to 2020, South Africa and the United States were the leading suppliers of wood charcoal to Liberia, together accounting for 88.8% of total imports by volume. Other partners played a minor role in the import structure.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market exhibited volatility during the observed period. Import values dropped to their lowest point in 2017 and peaked in 2019, with a 55-fold difference between these years. In 2020, the value of wood charcoal imports into Liberia was 720 thousand US dollars, down 37.8% from 2019. The highest value was recorded in 2019 at 1 158 thousand US dollars, with the largest annual increase also occurring in 2019 at 3 095.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	71.2%	3 095.3%	(37.8%)	224.0%

Source: SHEV.io

Between 2017 and 2020, the United States and South Africa were the primary sources of wood charcoal imports by value, jointly making up 90.8% of total imports. Other countries contributed relatively small shares to the import flows.

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

Source: SHEV.io

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

Source: SHEV.io