Asia: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Asia

After five years of decline, the Asian market for coniferous wood in the rough increased by 0.8% to $X in 2022. Overall, consumption saw a abrupt contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Coniferous Wood In The Rough in Asia

In value terms, coniferous wood in the rough production declined to $X in 2022 estimated in export price. Overall, production showed a mild descent. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports in Asia

After five years of decline, shipments abroad of coniferous wood in the rough increased by 0.8% to X cubic meters in 2022. In general, exports, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 91% against the previous year. Over the period under review, the coniferous wood in rough exports attained the peak figure at X cubic meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough exports contracted to $X in 2022. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 84%. Over the period under review, the coniferous wood in rough exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic People's Republic of Korea (X cubic meters) and Lao People's Democratic Republic (X cubic meters) prevails in exports structure, together creating 94% of total exports. Singapore (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +49.5%), while the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) remains the largest coniferous wood in the rough supplier in Asia, comprising 79% of total exports. The second position in the ranking was taken by Democratic People's Republic of Korea ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Lao People's Democratic Republic amounted to +40.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Democratic People's Republic of Korea (+21.3% per year) and Singapore (+46.5% per year).

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2022, with a decrease of -6.8% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 51% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2021, and then fell in the following year.

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 ($X per cubic meter), while Democratic People's Republic of Korea ($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 (+15.4%), while the other leaders experienced a decline in the export price figures.

Imports of Coniferous Wood In The Rough

Imports in Asia

In 2022, purchases abroad of coniferous wood in the rough increased by 4% to X cubic meters, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 23% against the previous year. Over the period under review, coniferous wood in rough imports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports totaled $X in 2022. In general, imports, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2013 with an increase of 30%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X cubic meters) was the major importer of coniferous wood in the rough, committing 41% of total imports. Bangladesh (X cubic meters) ranks second in terms of the total imports with an 18% share, followed by Pakistan (9.5%), Bahrain (8.7%), Hong Kong SAR (5.9%), Vietnam (5%) and India (4.6%).

Imports into Kazakhstan increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Bahrain (+70.6%), Pakistan (+16.4%) and Bangladesh (+14.9%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in Asia, with a CAGR of +70.6% from 2012-2022. By contrast, Hong Kong SAR (-3.6%), Vietnam (-10.8%) and India (-36.1%) illustrated a downward trend over the same period. Kazakhstan (+41 p.p.), Bangladesh (+17 p.p.), Pakistan (+9.5 p.p.), Bahrain (+8.7 p.p.), Hong Kong SAR (+5.9 p.p.) and Vietnam (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coniferous wood in the rough importing markets in Asia were Vietnam ($X), Pakistan ($X) and Bangladesh ($X), together accounting for 52% of total imports. These countries were followed by Kazakhstan, Hong Kong SAR, India and Bahrain, which together accounted for a further 30%.

In terms of the main importing countries, Bahrain, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2022, with a decrease of -3.1% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while Bahrain ($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 (+4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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