In 2023, Ukraine dominated European charcoal exports with a share of 64.27 GWh, exhibiting a year-on-year growth of 3.71%. Other notable contributors were Germany and Croatia, with 12.02 GWh and 6.13 GWh, showing 4.34% and 15.98% increases respectively. Bosnia and Herzegovina saw a decrease of 2.9%, while Latvia and Serbia experienced declines of 4.22% and 4.62%. Italy's exports surged by 37.79%, the highest growth in the dataset. Over the last five years, the average compound annual growth rate (CAGR) shows dynamic shifts, impacted by regional economic and market conditions.
Future trends to monitor include geopolitical developments that may affect Ukraine's production, Germany's efforts to increase sustainable charcoal production, and Italy's rapid export growth. Additionally, environmental regulations and demand shifts toward renewable energy might influence the charcoal market landscape.
Top countries in Charcoal Exports Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 64.27 | 2023 | +4.23% | +3.71% | View data |
| 2 | 2 Germany | 12.02 | 2023 | +4.97% | +4.34% | View data |
| 3 | 3 Croatia | 6.13 | 2023 | +11.24% | +15.98% | View data |
| 4 | 4 Bosnia and Herzegovina | 5.69 | 2023 | -3.22% | -2.9% | View data |
| 5 | 5 Latvia | 4.22 | 2023 | +8% | -4.22% | View data |
| 6 | 6 Serbia | 3.31 | 2023 | +2.82% | -4.62% | View data |
| 7 | 7 Bulgaria | 1.11 | 2023 | +10.04% | +14.87% | View data |
| 8 | 8 Lithuania | 1.03 | 2023 | +2.84% | -3.81% | View data |
| 9 | 9 Norway | 0.88 | 2023 | +3.15% | -2.42% | View data |
| 10 | 10 Austria | 0.78 | 2023 | +6.4% | +3.45% | View data |
