Market research

Wood fuel market in Barbados

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The wood fuel market in Barbados gradually contracted between 2018 and 2023, with overall volume dropping by about 6%. After starting at 4 976 m³ in 2018, consumption dipped in 2019 and 2021, edged up slightly in 2020, and showed its only significant growth in 2022.

The 2022 expansion to 4 911 m³ occurred amid a worldwide energy crisis and supply disruptions following the war in Ukraine, which pushed consumers toward locally available fuels such as wood. By 2023, the market shrank to 4 685 m³ as global wood fuel import prices declined and earlier stockpiling led to more cautious demand.

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 Barbados
  1. 5.1.1. Annual dynamics of production in Barbados in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Barbados 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, 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, 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. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's imports to Barbados in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Barbados by countries, 2018-2024, m³
    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 Barbados in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Barbados 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/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Barbados, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Barbados by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's imports to Barbados in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Barbados by countries, 2018-2024, m³
    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 Barbados in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Barbados 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/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Barbados, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Barbados by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's exports from Barbados in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Barbados by countries, 2018-2024, m³
    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 Barbados in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Barbados 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/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Barbados, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Barbados by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, m³
    1. 7.2.2.1. Annual dynamics of product's exports from Barbados in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Barbados by countries, 2018-2024, m³
    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 Barbados in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Barbados 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/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Barbados, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Barbados 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, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  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 fuel in Barbados

In kind, 2017-2020, m³

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

Wood fuel production in Barbados has been declining for three consecutive years. In 2020, the country produced 4,674 m³ of wood fuel, representing a 0.7% decrease from the previous year. Between 2017 and 2020, production fell by 2.2%, which translates to an annualized decline rate of 0.7%.

Annual dynamics of production in Barbados in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.7%)	(0.7%)	(0.7%)	(0.7%)

Source: SHEV.io

Exports wood fuel from Barbados

Exports in kind, m³

The market displayed an unstable trend during this period. Import levels fluctuated significantly, with a 29-fold difference between the low in 2019 and the high in 2018. In 2020, Barbados exported 0.1 m³ of wood fuel, marking a dramatic increase of 973.0% from the previous year. The minimum value was recorded in 2019 at 0.0 m³, with the largest decline of 96.5% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(96.5%)	973.0%	-

Source: SHEV.io

From 2017 to 2020, Dominica accounted for 71.0% of Barbados's total wood fuel exports in kind, while the remaining exports were distributed among a variety of smaller destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market showed signs of volatility over the observed period. Exports peaked in 2020 and reached their lowest point in 2019, with a 2.9-fold difference between these years. In 2020, Barbados's wood fuel exports amounted to 0.4 thousand US dollars, reflecting a 191.1% increase compared to the previous year. The minimum value was recorded in 2019 at 0.1 thousand US dollars, with the largest decline of 16.5% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(16.5%)	191.1%	-

Source: SHEV.io

Between 2017 and 2020, Saint Kitts and Nevis and Dominica were the primary markets for Barbados's wood fuel exports in value terms, jointly representing 80.4% of total flows. Other destinations held comparatively modest shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Barbados

Imports in kind, m³

In 2020, Barbados imported 170.4 m³ of wood fuel, which is 43.5% higher than the previous year. Over the period from 2017 to 2020, imports increased by 9.2%, corresponding to a compound annual growth rate of 3.0%. The minimum value was recorded in 2019 at 118.8 m³, while the maximum value was in 2018 at 234.5 m³. The largest decline of 49.4% occurred in 2019, and the largest increase of 50.3% was in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	50.3%	(49.4%)	43.5%	3.0%

Source: SHEV.io

From 2017 to 2020, the United States dominated Barbados's wood fuel imports in kind, accounting for 75.3% of total flows. Other sources contributed relatively small amounts.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Barbados imported approximately 86.6 thousand US dollars worth of wood fuel, representing a 31.3% increase from the previous year. Between 2017 and 2020, imports decreased by 17.9%, which equates to an annualized decline rate of 6.4%. The minimum value was recorded in 2019 at 65.9 thousand US dollars, while the maximum value was in 2018 at 114.0 thousand US dollars. The largest decline of 42.2% occurred in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.2%	(42.2%)	31.3%	(6.4%)

Source: SHEV.io

Between 2017 and 2020, the United States was the central partner for Barbados's wood fuel imports in value terms, holding an 84.4% share of total flows. Other markets played a less significant role.

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

Source: SHEV.io

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

Source: SHEV.io