Asia-Pacific: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Asia-Pacific

The Asia-Pacific wooden joinery and carpentry market dropped slightly to $X in 2021, flattening at the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Builders' Joinery And Carpentry Of Wood in Asia-Pacific

In value terms, wooden joinery and carpentry production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports in Asia-Pacific

Wooden joinery and carpentry exports skyrocketed to X tons in 2021, jumping by 22% against 2020 figures. Over the period under review, exports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2013 with an increase of 26%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, wooden joinery and carpentry exports surged to $X in 2021. Overall, exports, however, saw a noticeable slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X tons, which resulted at 46% of total exports. It was distantly followed by Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons), together making up a 47% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wooden joinery and carpentry exports from China stood at +1.6%. At the same time, Vietnam (+31.3%), Indonesia (+7.6%), Thailand (+4.3%) and Malaysia (+3.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +31.3% from 2012-2021. By contrast, the Philippines (-21.0%) illustrated a downward trend over the same period. While the share of Vietnam (+12 p.p.), China (+10 p.p.), Indonesia (+9.8 p.p.) and Malaysia (+4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Philippines (-32.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden joinery and carpentry supplier in Asia-Pacific, comprising 45% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total exports. It was followed by Vietnam, with a 14% share.

In China, wooden joinery and carpentry exports increased at an average annual rate of +2.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+6.2% per year) and Vietnam (+32.4% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 6.3% against the previous year. Overall, the export price, however, showed a mild contraction. The pace of growth was the most pronounced in 2018 an increase of 30%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the other leaders experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports in Asia-Pacific

In 2021, after three years of decline, there was significant growth in overseas purchases of builders' joinery and carpentry of wood, when their volume increased by 10% to X tons. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 15%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan was the major importer of builders' joinery and carpentry of wood in Asia-Pacific, with the volume of imports amounting to X tons, which was approx. 66% of total imports in 2021. Australia (X tons) took the second position in the ranking, followed by Hong Kong SAR (X tons). All these countries together took approx. 17% share of total imports. The following importers - India (X tons), South Korea (X tons), China (X tons) and Singapore (X tons) - each accounted for a 7.3% share of total imports.

Imports into Japan increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, China (+13.3%), India (+4.8%), South Korea (+4.4%) and Hong Kong SAR (+3.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +13.3% from 2012-2021. Australia experienced a relatively flat trend pattern. By contrast, Singapore (-2.3%) illustrated a downward trend over the same period. While the share of Japan (+5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-2.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported builders' joinery and carpentry of wood in Asia-Pacific, comprising 61% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by Hong Kong SAR, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +2.7%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+4.8% per year) and Hong Kong SAR (+4.9% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :