Market research

Wood fuel market in Turks and Caicos Islands

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 volume in Turks and Caicos Islands increased from 1 185 m³ in 2018 to 1 309 m³ in 2023, despite annual fluctuations. Domestic production rose steadily over the period, while imports varied significantly. A notable surge in imports in 2019 pushed the market volume to a peak of 1 306 m³, but it contracted by 7% to 1 212 m³ in 2020 as global fossil fuel prices fell, reducing the relative cost advantage of wood fuel.

Market volume gradually recovered after 2020, reaching 1 309 m³ by 2023. This growth was partly driven by the global energy crisis following the war in Ukraine, which heightened demand for alternative energy sources like wood fuel. Import levels remained volatile, reflecting broader supply chain disruptions and logistic tensions affecting international trade.

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 Turks and Caicos Islands
  1. 5.1.1. Annual dynamics of production in Turks and Caicos Islands in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Turks and Caicos Islands 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 Turks and Caicos Islands in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Turks and Caicos Islands 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, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Turks and Caicos Islands in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Turks and Caicos Islands by countries, 2018-2024, $ 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 Turks and Caicos Islands, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Turks and Caicos Islands 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 Turks and Caicos Islands in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Turks and Caicos Islands 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, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Turks and Caicos Islands in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Turks and Caicos Islands by countries, 2018-2024, $ 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 Turks and Caicos Islands, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Turks and Caicos Islands 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 Turks and Caicos Islands in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Turks and Caicos Islands 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, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Turks and Caicos Islands in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Turks and Caicos Islands by countries, 2018-2024, $ 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 Turks and Caicos Islands, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Turks and Caicos Islands 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 Turks and Caicos Islands in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Turks and Caicos Islands 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, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Turks and Caicos Islands in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Turks and Caicos Islands by countries, 2018-2024, $ 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 Turks and Caicos Islands, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Turks and Caicos Islands 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, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, $ 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 Turks and Caicos Islands

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 the Turks and Caicos Islands has increased for the third year in a row. In 2020, production reached 1 212 m³, marking a 1.2% rise compared to 2019. Over the period from 2017 to 2020, production grew by 3.4%, which translates to an average annual increase of 1.1%.

Annual dynamics of production in Turks and Caicos Islands in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.1%	1.1%	1.2%	1.1%

Source: SHEV.io

Exports wood fuel from Turks and Caicos Islands

Exports in kind, m³

Annual dynamics of product's exports from Turks and Caicos Islands in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, exports in kind were almost entirely directed to Gabon, which represented 100.0% of total flows.

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

Source: SHEV.io

World map of product's exports from Turks and Caicos Islands in kind, 2017-2020

Source: SHEV.io

Exports in value, $ US

Annual dynamics of product's exports from Turks and Caicos Islands in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Gabon was the primary destination for wood fuel exports in value terms from the Turks and Caicos Islands, accounting for 100.0% of total flows.

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

Source: SHEV.io

World map of product's exports from Turks and Caicos Islands in value, 2017-2020

Source: SHEV.io

Imports wood fuel to Turks and Caicos Islands

Imports in kind, m³

In 2019, wood fuel imports to the Turks and Caicos Islands amounted to 107.9 m³, showing little change from the previous year. From 2017 to 2019, imports surged by 225%, averaging an annual growth rate of 48.1%.

Annual dynamics of product's imports to Turks and Caicos Islands in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During 2017–2020, imports in kind were heavily concentrated on a single market: the United States, which held a 98.7% share of total flows.

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

Source: SHEV.io

World map of product's imports to Turks and Caicos Islands in kind, 2017-2020

Source: SHEV.io

Imports in value, $ US

In 2019, the value of wood fuel imports to the Turks and Caicos Islands was 2 863 US dollars, similar to the level seen a year earlier. Between 2017 and 2019, imports declined by 42.6%, corresponding to an average annual decrease of 16.9%.

Annual dynamics of product's imports to Turks and Caicos Islands in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, the geographical distribution of imports in value terms highlighted a strong reliance on the United States, which accounted for 97.9% of total flows.

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

Source: SHEV.io

World map of product's imports to Turks and Caicos Islands in value, 2017-2020

Source: SHEV.io