Market research

Wood charcoal market in Maldives

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Wood charcoal market volume in Maldives increased steadily from 1 354.8 metric tons in 2018 to 1 830.6 metric tons in 2020, driven by rising imports. However, in 2021 the market contracted sharply to 1 480.9 metric tons as imports fell by nearly 40% from the previous year. The market then recovered over the next two years, reaching 1 828.1 metric tons in 2023, close to the 2020 peak.

In 2024, charcoal imports dropped to 651.8 metric tons. This decline coincided with the government's strengthened environmental and energy policies, including the Energy Policy and Strategy 2024-2029 which promotes sustainable energy sources, and new waste management regulations that may affect the use of traditional fuels like wood charcoal.

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 Maldives
  1. 5.1.1. Annual dynamics of production in Maldives in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Maldives 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, 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, 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 Maldives in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Maldives 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 Maldives in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Maldives 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 Maldives, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Maldives 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 Maldives in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Maldives 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 Maldives in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Maldives 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 Maldives, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Maldives by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production wood charcoal in Maldives

In kind, 2017-2020, t

Top producers of wood charcoal, 2017-2020

Source: SHEV.io

World map of production of wood charcoal, 2017-2020

Source: SHEV.io

Maldives' wood charcoal production has increased for the third consecutive year. In 2020, the country produced 910.0 t of wood charcoal, marking a slight increase of 1.3% compared to 2019. From 2017 to 2020, production grew by 4.2%, with a compound annual growth rate (CAGR) of 1.4%.

Annual dynamics of production in Maldives in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.4%	1.5%	1.3%	1.4%

Source: SHEV.io

Exports wood charcoal from Maldives

According to market analysis, Maldives did not export any wood charcoal between 2017 and 2020.

Imports wood charcoal to Maldives

Imports in kind, t

Maldives' wood charcoal imports have risen for the third year in a row. In 2020, the country imported a total of value_last_year t of wood charcoal, representing a significant increase of 17.1% compared to 2019. Between 2017 and 2020, imports surged by 122.9%, translating to an annualized growth rate of 30.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.7%	67.4%	17.1%	30.6%

Source: SHEV.io

From 2017 to 2020, Thailand dominated Maldives' wood charcoal imports in volume, accounting for 76.0% of the total. Other sources contributed relatively small shares during this period.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After two years of growth, the value of wood charcoal imports to Maldives fell in 2020. Imports totaled 187.7 K $ US that year, showing a sharp decline of 62.4% compared to 2019. Over the 2017-2020 period, imports decreased by 43.5%, with a compound annual growth rate (CAGR) of -17.3%. The peak value was recorded in 2019 at 498.9 K $ US, which also saw the largest annual increase of 44.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.8%	44.7%	(62.4%)	(17.3%)

Source: SHEV.io

Between 2017 and 2020, Thailand, India, and Sri Lanka were the top contributors to Maldives' wood charcoal imports by value. Thailand accounted for 64.1% of imports, India for 8.4%, and Sri Lanka for 8.3%, together making up 80.8% of the total import value.

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

Source: SHEV.io

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

Source: SHEV.io