The Philippines charcoal market, which valued $500.0 million in 2019, is projected to advance to $688.2 million in 2030, witnessing a CAGR of 2.9% during 2020-2030 (forecast period). Cooking fuel dominated the market in 2019, on the basis of application, with a sales volume of 1,206.0 kilotons. Residential and commercial usage of charcoal has been historically high in the country, as they make up the most significant fuel source here. The product is cheaper than kerosene and liquified petroleum gas and has an efficient supply chain.
The major reason behind the growth of the Philippines charcoal market is that the product has been preferred here throughout history, it is cost-effective, as are stoves and other cooking accessories, and food cooked on it tastes good. One of the major factors responsible for the cost-effectiveness of the fuel is that its feedstock, including coconut shells and wood, is available at low prices. This is why even households with low income use the fuel in considerable quantities. Additionally, it is also used to produce activated charcoal, which further promotes its usage.
Lump charcoal was the largest category in the Philippines charcoal market in 2019, on the basis of type, owing to its wide array of advantages. The processing ease, cost-effectiveness, and higher performance associated with it make it a popular cooking fuel in the nation. The major players in the market are Cenapro Inc., BF Industries Inc., Jacobi Group, Celebes Agricultural Corporation, GCF Multi Products Development Corporation, MacKay Green Energy Inc., and Premium A.C. Corporation.
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The major reason behind the growth of the Philippines charcoal market is that the product has been preferred here throughout history, it is cost-effective, as are stoves and other cooking accessories, and food cooked on it tastes good. One of the major factors responsible for the cost-effectiveness of the fuel is that its feedstock, including coconut shells and wood, is available at low prices. This is why even households with low income use the fuel in considerable quantities. Additionally, it is also used to produce activated charcoal, which further promotes its usage.
Lump charcoal was the largest category in the Philippines charcoal market in 2019, on the basis of type, owing to its wide array of advantages. The processing ease, cost-effectiveness, and higher performance associated with it make it a popular cooking fuel in the nation. The major players in the market are Cenapro Inc., BF Industries Inc., Jacobi Group, Celebes Agricultural Corporation, GCF Multi Products Development Corporation, MacKay Green Energy Inc., and Premium A.C. Corporation.
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Table of Contents
Chapter 1. Research Background1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Application
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.3.4.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Lump charcoal
4.1.1.2 Charcoal briquettes
4.1.1.3 Japanese charcoal
4.1.1.4 Sugar charcoal
4.1.1.5 Others
4.1.2 By Application
4.1.2.1 Metallurgical
4.1.2.1 Cooking fuel
4.1.2.2 Industrial
4.1.2.3 Filtration
4.1.2.4 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Favorable cost economics of using charcoal in residential and commercial facilities
4.3.1.2 Increasing use of charcoal in recreational cooking
4.3.1.3 Impact analysis of drivers on market forecast
4.3.2 Restraints
4.3.2.1 Environmental regulations with respect to deforestation
4.3.2.2 Impact analysis of restraints on market forecast
4.3.3 Opportunities
4.3.3.1 Expected replacement of coal with charcoal in metallurgical operations
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Intensity of Rivalry
4.5.4 Threat of New Entrants
4.5.5 Threat of Substitutes
Chapter 5. Philippines Market Size and Forecast
5.1 By Type
5.2 By Application
Chapter 6. Competitive Landscape
6.1 Competitive Benchmarking of Key Players
Chapter 7. Company Profiles
7.1 BF Industries Inc.
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.2 Cenapro Inc.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.3 Celebes Agricultural Corporation
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.4 Jacobi Group
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 MacKay Green Energy Inc.
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 GCF Multi Products Development Corporation
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 Premium A.C. Corporation
7.7.1 Business Overview
7.7.2 Product and Service Offerings
Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related ReportsList of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 PHILIPPINES CHARCOAL MARKET, BY TYPE, KILOTONS (2014-2019)
TABLE 5 PHILIPPINES CHARCOAL MARKET, BY TYPE, KILOTONS (2020-2025)
TABLE 6 PHILIPPINES CHARCOAL MARKET, BY TYPE, KILOTONS (2026-2030)
TABLE 7 PHILIPPINES CHARCOAL MARKET, BY TYPE, $M (2014-2019)
TABLE 8 PHILIPPINES CHARCOAL MARKET, BY TYPE, $M (2020-2025)
TABLE 9 PHILIPPINES CHARCOAL MARKET, BY TYPE, $M (2026-2030)
TABLE 10 PHILIPPINES CHARCOAL MARKET, BY APPLICATION, KILOTONS (2014-2019)
TABLE 11 PHILIPPINES CHARCOAL MARKET, BY APPLICATION, KILOTONS (2020-2025)
TABLE 12 PHILIPPINES CHARCOAL MARKET, BY APPLICATION, KILOTONS (2026-2030)
TABLE 13 PHILIPPINES CHARCOAL MARKET, BY APPLICATION, $M (2014-2019)
TABLE 14 PHILIPPINES CHARCOAL MARKET, BY APPLICATION, $M (2020-2025)
TABLE 15 PHILIPPINES CHARCOAL MARKET, BY APPLICATION, $M (2026-2030)
TABLE 16 COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 17 BF INDUSTRIES INC. - AT A GLANCE
TABLE 18 CENAPRO INC. - AT A GLANCE
TABLE 19 CELEBES AGRICULTURAL CORPORATION - AT A GLANCE
TABLE 20 JACOBI GROUP - AT A GLANCE
TABLE 21 MACKAY GREEN ENERGY INC. - AT A GLANCE
TABLE 22 GCF MULTI PRODUCTS DEVELOPMENT CORPORATION - AT A GLANCE
TABLE 23 PREMIUM A.C. CORPORATION - AT A GLANCEList of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 5 DATA TRIANGULATION APPROACH
FIG 6 PHILIPPINES CHARCOAL MARKET SUMMARY
FIG 7 VALUE CHAIN ANALYSIS
FIG 8 PRICING ANALYSIS OF WOOD FOR CHARCOAL PRODUCTION IN PHILIPPINES, $/TON
FIG 9 BARGAINING POWER OF BUYERS
FIG 10 BARGAINING POWER OF SUPPLIERS
FIG 11 INTENSITY OF RIVALRY
FIG 12 THREAT OF NEW ENTRANTS
FIG 13 THREAT OF SUBSTITUTES
FIG 14 PHILIPPINES CHARCOAL MARKET SNAPSHOT
FIG 15 PHILIPPINES CHARCOAL MARKET, BY TYPE, KILOTONS (2014-2030)
FIG 16 PHILIPPINES CHARCOAL MARKET, BY APPLICATION, KILOTONS (2014-2030)
Companies Mentioned
- BF Industries Inc.
- Cenapro Inc
- Celebes Agricultural Corporation
- Jacobi Group
- MacKay Green Energy Inc.
- GCF Multi Products Development Corporation
- Premium A.C. Corporation
Methodology
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