Many times, we have already proven that the Coconut Tree is indeed a wonder plant. Because all its parts and even those what appears to be discarded have uses, many people have called the coconut tree as The Miracle Tree. Coconut Briquette is one of those products from the coconut that came from the tree’s discarded parts.
Coconut Briquette can be considered a by-product of a by-product. It is made from the waste of manufacturing coconut products such as coconut water and coconut milk. It came from coconut shells that are meant to be thrown away, yet transformed into an environment-friendly and sustainable energy source.
Coconut Briquette Special Characteristics
Coconut Briquettes are mainly used in cooking. These are a great alternative to ordinary charcoal in barbecues, fireplaces, or in backyard cooking. Ordinary charcoal and coconut briquettes function the same but these characteristics give the coconut briquettes the edge:
- Coconut Briquettes are virtually smokeless.
- Coconut Briquettes are dustless.
- Coconut Briquettes are more efficient in burning as compared to the ordinary charcoal.
- Coconut Briquettes are sustainable.
See Also: What on earth are coco briquettes?
MARKET SEGMENTATION
The coconut briquettes are presented and consumed in the global market through the following segments:
- By Type
- Wood type
- Others
- By Application
- Metallurgical purposes
- Barbecues/cooking
- Others
- By regional consumption
- North America (USA, Canada, Mexico)
- Europe (Germany, France, UK, Russian, Italy)
- Asia Pacific (China, Japan, Korea, India, South East Asia)
- South America
- Middle East
- Africa
MARKET PERFORMANCE
Three countries are the major producers of coconut briquettes in 2018: India, Philippines, and Sri Lanka. They export the product to global market, USA being the number one importer absorbing 24.4% of the total export.
India, the top producer of Coconut Briquette in the global market, had sent 47,494 MT in 2018 and in 2017, their exports had totalled to $140.6 million. Their produce went to United Kingdom, Sri Lanka, South Korea, Netherlands, Germany, Russia, China, South Africa, aside from the top import locations in the world.
Philippines, on the other hand, follows India in the Coconut Briquette production and exportation. In the first quarter of 2018, the country had already sent 23,641 MT of product. Germany, Sri Lanka, and Japan are the main destinations of Philippines’ coconut briquettes, comprising 46.1% of the total export in the global market.
Another main producer of coconut briquette is Sri Lanka. Though it had experienced a 2% decline in export volume as compared to its 2017 performance, Sri Lanka is still considered one of the top exporters of coconut briquettes. Their produce went to USA, China, Japan, and South Korea, USA absorbing 28.7% of the total exports.
CONCLUSION
This increasing demand for coconut briquettes may be pointed to the increasing concern of the people to our global climate. Because of its special characteristics such as being smokeless, virtually dustless, and being sustainable, many people are doing the switch from ordinary charcoals to the coconut briquettes.
It is time to make the switch, too. You can experience the wonders of this efficient energy source by availing Royce Foods’ very own Coconut Briquettes. See the difference it makes to your cooking while you are also positively contributing to the preservation of our environment. Try Royce Food Coconut Briquettes now!