In the charcoal business, understanding the best time to buy charcoal can help importers maximize profits while securing premium-quality products. Leveraging our expertise, PNP offers insights on charcoal price trends and predictions for the next 6 months.

The current mangrove charcoal price – in Q1 2024

In the first quarter of 2024, the price of Mangrove charcoal ranges from 8,500 to 10,000 VND/kg. Especially, within the first 2 weeks of March 2024 (01/03/2024 – 14/03/2024), the charcoal price went up from 8,900 to 9,900 VND/kg, showing a drastic increase of 1000 VND/kg.

Currently, mangrove charcoal is of medium price. Meanwhile, in the same period of last year, mangrove charcoal was charged up to 12,000 VND/kg in the first 2 quarters and gradually decreased towards the end of 2023. Considering that, there is a high chance the price of mangrove charcoal will continue to rise in the next 6 months of 2024.

To gain a deeper understanding of what makes mangrove charcoal unique and why it’s valued in the market, check out our detailed article on What is Mangrove Charcoal and explore our premium Vietnam Mangrove Charcoal for more details.

Factors influencing the mangrove charcoal charge in the next quarter

For global importers, it is important to deeply understand the causes of price fluctuation. One of the contributing factors to this issue is the lack of raw materials. Since Mangrove charcoal plays an important role in protecting the environment, the amount of Mangrove wood deployed for production is limited. This has not only led to the deficient supply but also the high price of Mangrove charcoal.

To avoid this issue, PNP Charcoal has received the FSC certificate to exploit Mangrove wood in a legal and environmentally friendly manner. That’s how we maintain a stable Mangrove charcoal supply at a reasonable price.

Another major factor affecting the Mangrove charcoal price is the increase in demand. Based on our experience, the period from May to September is the best-selling season of Mangrove charcoal, in which the weather is warm enough for outdoor BBQ parties. The summer month is also suitable for traveling, therefore, the demand for grilling charcoal from street vendors in Taiwan, Hong Kong, or Singapore also rises sharply, leading to the increase of mangrove charcoal!

Is now the best time to buy mangrove charcoal?

Considering the above-mentioned factors and our own experience, the expenditure of mangrove charcoal will continue to rise in the next 2 quarters of 2024, especially from May to September 2023. Therefore, if you want to gain the best charcoal deal, now is the best time to do it!

Certified by FSC, PNP Charcoal proudly offers high-quality mangrove charcoal made from legally sourced raw materials. As the leading natural charcoal supplier in Vietnam, we provide global customers with mangrove charcoal in various packaging options, quick shipment, and competitive pricing. For more information on current charcoal prices and to explore our full range of products, visit our homepage and stay updated on charcoal price trends.