Product Code: ETC286528 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Indonesia Charcoal Briquette Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 8.62% in 2025 and reaches 11.98% by 2029.
The Charcoal Briquette market in Indonesia is projected to grow at a high growth rate of 10.06% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The charcoal briquette industry is estimated to reach USD 5 billion by 2025 in Indonesia with an anticipated CAGR of 8.1%. This can be attributed to the rising awareness among consumers about environmental protection as well as low price compared to other fuel sources like LPG & electricity. Furthermore, government initiatives such as PALM BIOENERGY program have been encouraging small-scale entrepreneurs for production & distribution of charcoal briquettes across rural areas.
Several drivers are expected to impact the Indonesia charcoal briquette market. The growing emphasis on sustainable and eco-friendly fuel sources is anticipated to drive the demand for charcoal briquettes as an alternative to traditional charcoal. Efforts to reduce deforestation and promote responsible forestry practices might contribute to market growth. Additionally, increasing awareness of the environmental impact of traditional charcoal production could lead to a shift towards cleaner and more efficient charcoal briquettes. The market`s performance might also be influenced by factors such as government policies, consumer preferences, and the availability of raw materials.
The charcoal briquette market in Indonesia might encounter challenges related to the sustainability of raw materials and competition from alternative fuel sources. As environmental awareness grows, the demand for sustainably sourced charcoal briquettes could increase. Additionally, the market may face competition from renewable energy sources as consumers and industries seek greener alternatives.
The pandemic affected consumer behavior and disrupted supply chains in the charcoal briquette market. Reduced outdoor activities and limitations on gatherings may have decreased demand for charcoal products used for barbecuing. However, the market could have experienced some growth in the household sector as people spent more time at home.
Key players in the charcoal briquette industry may involve companies like PT Indobriket Bumi Hijau, CV. Brilliant Briquette, PT. Coconut Charcoal Briquette Factory, and Coconut Charcoal Briquette.