Wood charcoal market in Singapore

Earlier Report Observations

Singapore's wood charcoal market volume remained relatively stable at around 15 500 t in 2018 and 2019. It then contracted to 12 384 t in 2020, followed by a gradual recovery to 12 500 t in 2021, 12 826 t in 2022, and 13 112 t in 2023.

In 2023, Royal Oak Company introduced sustainable packaging initiatives for wood charcoal products, aligning with growing consumer demand for environmentally responsible options. Regulatory changes also emerged, with Singapore's carbon tax increasing from S$5 to S$25 per tonne of CO2 equivalent in 2024 under the Carbon Pricing Act, which may influence production costs and consumption patterns for wood charcoal.

Production wood charcoal in Singapore

In kind, 2017-2020, t

Top producers of wood charcoal, 2017-2020

World map of production of wood charcoal, 2017-2020

Wood charcoal production in Singapore has declined for the third consecutive year. In 2020, Singapore produced 4 569 tonnes of wood charcoal, representing a slight decline of 1.5% compared to the previous year. Between 2017 and 2020, production decreased by 4.5%, which equates to an annualized decline rate of 1.5%.

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

In value, 2017-2020, K $ US

In 2020, the output value of wood charcoal in Singapore reached 2 903 thousand US dollars, marking an increase of 22.8% compared to the previous year. Over the period from 2017 to 2020, production value grew by 10.1%, with a compound annual growth rate of 3.3%. The lowest value was recorded in 2019 at 2 364 thousand US dollars, which also saw the largest decline of 16.5%.

Annual dynamics of production in Singapore in value, 2017-2020, K $ US

Exports wood charcoal from Singapore

Exports in kind, t

The market exhibited significant volatility during these years. Exports reached their lowest point in 2017 and peaked in 2019, with a 4.3-fold difference between these years. In 2020, Singapore exported 5 391 tonnes of wood charcoal, showing a substantial decline of 19.0% compared to the previous year. The maximum volume was recorded in 2019 at 6 654 tonnes, which also experienced the largest increase of 129.4%.

Annual dynamics of product's exports from Singapore in kind, 2017-2020, t

From 2017 to 2020, the largest buyers of wood charcoal from Singapore in volume terms were Sri Lanka (accounting for 52.0% of exports), Australia (9.8%), and Bahrain (7.0%). Together, these three markets represented 68.9% of Singapore's total wood charcoal exports by volume.

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

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

Exports in value, K $ US

Wood charcoal exports from Singapore have increased for the third consecutive year. In 2020, Singapore exported wood charcoal valued at 3 425 thousand US dollars, representing a modest increase of 1.0% compared to the previous year. Between 2017 and 2020, export value surged by 305%, which translates to an annualized growth rate of 59.4%.

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

From 2017 to 2020, three key markets—Sri Lanka, Jordan, and Brunei Darussalam—collectively accounted for 64.6% of Singapore's total wood charcoal export value.

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

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

Imports wood charcoal to Singapore

Imports in kind, t

After two years of growth, wood charcoal imports into Singapore declined. In 2020, import volume stood at 13 207 tonnes, reflecting a notable reduction of 24.5% compared to 2019. Over the period from 2017 to 2020, imports increased by 11.9%, with a compound annual growth rate of 3.8%. The highest volume was recorded in 2019 at 17 499 tonnes, which also saw the largest increase of 28.1%.

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

Throughout the period from 2017 to 2020, Indonesia dominated Singapore's wood charcoal imports by volume, accounting for 87.9% of the total. The remaining volume was distributed among numerous countries, each with relatively small individual shares.

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

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

Imports in value, K $ US

Following two years of growth, wood charcoal imports into Singapore declined. In 2020, imports amounted to 5 364 thousand US dollars, which is 15.7% lower than in 2019. Over the period from 2017 to 2020, import value increased by 46.5%, with a compound annual growth rate of 13.6%. The peak value was recorded in 2019 at 6 365 thousand US dollars, which also experienced the largest increase of 39.8%.

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

Throughout the period from 2017 to 2020, Indonesia accounted for 77.5% of Singapore's total wood charcoal import value. The remaining value was shared among many countries, each contributing relatively small individual shares.

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

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