Asia-Pacific: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Asia-Pacific

After six years of growth, the Asia-Pacific industrial roundwood market decreased by -1.9% to $X in 2022. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

Industrial Roundwood Production in Asia-Pacific

In value terms, industrial roundwood production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,289% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Industrial Roundwood Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded decline in shipments abroad of industrial roundwood, which decreased by -13.7% to X cubic meters in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 14% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial roundwood exports expanded notably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand prevails in exports structure, finishing at X cubic meters, which was near 84% of total exports in 2022. It was distantly followed by Papua New Guinea (X cubic meters), making up a 6.6% share of total exports. The following exporters - Solomon Islands (X cubic meters), Japan (X cubic meters) and Australia (X cubic meters) - together made up 8.3% of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood exports from New Zealand stood at +4.8%. At the same time, Japan (+14.9%), Solomon Islands (+8.4%) and Papua New Guinea (+1.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.9% from 2012-2022. By contrast, Australia (-9.5%) illustrated a downward trend over the same period. New Zealand (+36 p.p.), Solomon Islands (+3.6 p.p.) and Japan (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest industrial roundwood supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 13% share of total exports. It was followed by Solomon Islands, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in New Zealand amounted to +9.9%. In the other countries, the average annual rates were as follows: Papua New Guinea (-0.4% per year) and Solomon Islands (+12.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2022, jumping by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Solomon Islands ($X per cubic meter), while Australia ($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 Japan (+8.3%), while the other leaders experienced more modest paces of growth.

Industrial Roundwood Imports

Imports in Asia-Pacific

In 2022, industrial roundwood imports in Asia-Pacific reduced notably to X cubic meters, waning by -31.7% compared with the year before. In general, imports showed a slight contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 16%. The volume of import peaked at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood imports dropped rapidly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China prevails in imports structure, amounting to X cubic meters, which was approx. 74% of total imports in 2022. It was distantly followed by Japan (X cubic meters), India (X cubic meters) and South Korea (X cubic meters), together constituting a 21% share of total imports. Vietnam (X cubic meters) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, Vietnam (+7.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +7.7% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Japan (-4.4%) and South Korea (-8.8%) illustrated a downward trend over the same period. While the share of China (+5.4 p.p.) and Vietnam (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-2.6 p.p.) and South Korea (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial roundwood in Asia-Pacific, comprising 73% of total imports. The second position in the ranking was held by Japan ($X), with an 8.9% share of total imports. It was followed by India, with a 7.6% share.

In China, industrial roundwood imports increased at an average annual rate of +1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-1.4% per year) and India (-9.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per cubic meter in 2022, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per cubic meter) and India ($X per cubic meter), while South Korea ($X per cubic meter) and Japan ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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