ASEAN: Roundwood Market 2024

Roundwood Market Size in ASEAN

In 2022, the ASEAN roundwood market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2021, and then declined in the following year.

Roundwood Production in ASEAN

In value terms, roundwood production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Roundwood Exports

Exports in ASEAN

In 2022, approx. X cubic meters of roundwood were exported in ASEAN; declining by X% compared with 2021 figures. Over the period under review, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, roundwood exports contracted sharply to $X in 2022. Overall, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia represented the main exporter of roundwood in ASEAN, with the volume of exports resulting at X cubic meters, which was approx. X% of total exports in 2022. Vietnam (X cubic meters) ranks second in terms of the total exports with an X% share, followed by Cambodia (X%), Lao People's Democratic Republic (X%) and Myanmar (X%). Thailand (X cubic meters) followed a long way behind the leaders.

Exports from Malaysia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Lao People's Democratic Republic (X%), Vietnam (X%) and Myanmar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Cambodia, Vietnam, Lao People's Democratic Republic and Thailand increased by X, X, X, X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest roundwood supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at X%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and Cambodia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per cubic meter in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Vietnam ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Roundwood Imports

Imports in ASEAN

In 2022, purchases abroad of roundwood increased by X% to X cubic meters, rising for the sixth year in a row after two years of decline. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, roundwood imports amounted to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Vietnam (X cubic meters) was the key importer of roundwood, mixing up X% of total imports. Lao People's Democratic Republic (X cubic meters) held the second position in the ranking, distantly followed by Malaysia (X cubic meters). All these countries together held near X% share of total imports. Indonesia (X cubic meters) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported roundwood in ASEAN, comprising X% of total imports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per cubic meter, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while Lao People's Democratic Republic ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform