Market research

Wood fuel market in Liberia

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 wood fuel market in Liberia expanded steadily from 2018 to 2023, with production rising from 9 166 thousand m³ to 10 758 thousand m³. This growth was underpinned by the country's traditional reliance on forestry for rubber and timber, which supported a consistent supply of wood for fuel.

Market volume continued to increase, reaching 10 757 thousand m³ by 2023. During this period, adjustments to petroleum product prices by the Ministry of Commerce and Industry made wood fuel a more attractive alternative energy source, bolstering domestic consumption.

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 m³
  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 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 Liberia in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Liberia 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Liberia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Liberia by countries, 2018-2024, K $ 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 Liberia, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Liberia 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 Liberia in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Liberia 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Liberia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Liberia by countries, 2018-2024, K $ 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 Liberia, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Liberia 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 Liberia in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Liberia 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, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Liberia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Liberia by countries, 2018-2024, K $ 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 Liberia, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Liberia 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 Liberia in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Liberia 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, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Liberia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Liberia by countries, 2018-2024, K $ 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 Liberia, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Liberia 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 Liberia

In kind, 2017-2020, K m³

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

Liberia's wood fuel production has grown for the third year in a row. In 2020, the country produced 9 773 thousand cubic meters of wood fuel, which represents a modest 3.3% increase compared to 2019. Looking at the period from 2017 to 2020, production rose by 10.1%, with an average annual growth rate of 3.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.3%	3.3%	3.3%	3.3%

Source: SHEV.io

Exports wood fuel from Liberia

Exports in kind, m³

The market showed significant volatility during this period. Export volumes reached their lowest point in 2017 and peaked in 2018, with the highest volume being 41 times greater than the lowest. In 2020, Liberia exported 1 506 cubic meters of wood fuel, a slight decrease of 1.6% from 2019. The maximum export volume was recorded in 2018 at 1 567 cubic meters. The largest decline occurred in 2019, with a drop of 2.3%, while the most substantial increase was in 2018, surging by 3 975.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3 975.3%	(2.3%)	(1.6%)	239.6%

Source: SHEV.io

From 2017 to 2020, Senegal, Singapore, and China were the primary destinations for Liberia's wood fuel exports, accounting for 69.1% of the total export volume. Senegal led with 27.3%, followed by Singapore at 24.9%, and China at 17.0%.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market experienced notable fluctuations during these years. Export values bottomed in 2017 and peaked in 2019, with the highest value being 242 times greater than the lowest. In 2020, Liberia's wood fuel exports totaled 2 002 thousand US dollars, marking a sharp decline of 53.4% compared to the previous year. The maximum value was recorded in 2019 at 4 299 thousand US dollars. The largest increase occurred in 2018, with a rise of 9 741.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9 741.6%	145.9%	(53.4%)	383.1%

Source: SHEV.io

Between 2017 and 2020, Senegal, Singapore, and Bangladesh were the top buyers of wood fuel from Liberia in value terms, collectively representing 81.1% of total exports. Senegal accounted for 38.0%, Singapore for 23.4%, and Bangladesh for 19.6%.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Liberia

Imports in kind, m³

Market behavior was characterized by volatility during this period. Import volumes hit their lowest point in 2017 and peaked in 2019, with the peak volume being 37 times higher than the trough. In 2020, Liberia imported 2 463 cubic meters of wood fuel, showing a moderate reduction of 5.2% from 2019. The maximum import volume was recorded in 2019 at 2 599 cubic meters. The largest increase was in 2018, with a jump of 3 331.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3 331.9%	7.3%	(5.2%)	226.8%

Source: SHEV.io

From 2017 to 2020, South Africa and the United States were the dominant suppliers of wood fuel to Liberia, together accounting for 86.5% of total imports in volume. Other partners played a less significant 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 saw considerable fluctuations during these years. Import values reached their lowest point in 2017 and peaked in 2019, with the peak value being 76 times greater than the trough. In 2020, Liberia's wood fuel imports amounted to 1 201 thousand US dollars, indicating a decline of 33.3% compared to the previous year. The maximum value was recorded in 2019 at 1 802 thousand US dollars. The largest increase occurred in 2018, with a surge of 7 113.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7 113.0%	5.3%	(33.3%)	270.0%

Source: SHEV.io

Between 2017 and 2020, South Africa and the United States were the leading suppliers of wood fuel to Liberia in value terms, together making up 84.4% of total imports. Other partners contributed to a lesser extent in the import market.

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