Asia-Pacific: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Asia-Pacific

In 2022, the Asia-Pacific sawnwood (coniferous) market increased by 9.3% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.3% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Sawnwood (Coniferous) Production in Asia-Pacific

In value terms, sawnwood (coniferous) production expanded modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 19%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sawnwood (Coniferous) Exports

Exports in Asia-Pacific

In 2022, approx. X cubic meters of sawnwood (coniferous) were exported in Asia-Pacific; declining by -64.6% compared with the previous year. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. The volume of export peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports dropped notably to $X in 2022. In general, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2013 with an increase of 51%. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

In 2022, New Zealand (X cubic meters) was the major exporter of sawnwood (coniferous), achieving 83% of total exports. It was distantly followed by the Philippines (X cubic meters), comprising a 10% share of total exports. The following exporters - Japan (X cubic meters) and Australia (X cubic meters) - each recorded a 6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sawnwood (coniferous) exports from New Zealand stood at -5.3%. At the same time, the Philippines (+98.3%) and Japan (+6.5%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +98.3% from 2012-2022. By contrast, Australia (-15.5%) illustrated a downward trend over the same period. The Philippines (+10 p.p.) and Japan (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand and Australia saw its share reduced by -5.6% and -6.2% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest sawnwood (coniferous) supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was held by the Philippines ($X), with a 15% share of total exports. It was followed by Japan, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand totaled -3.3%. In the other countries, the average annual rates were as follows: the Philippines (+112.3% per year) and Japan (+14.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2022, with an increase of 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Japan ($X per cubic meter), while Australia ($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 (+7.8%), while the other leaders experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports in Asia-Pacific

Sawnwood (coniferous) imports reduced to X cubic meters in 2022, declining by -9.5% on the previous year. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 24%. Over the period under review, imports attained the peak figure at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sawnwood (coniferous) imports rose sharply to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +45.2% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X cubic meters) was the major importer of sawnwood (coniferous), achieving 55% of total imports. Japan (X cubic meters) held the second position in the ranking, distantly followed by South Korea (X cubic meters). All these countries together took approx. 36% share of total imports. India (X cubic meters) and Australia (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, Australia (+145.4%), India (+52.0%) and Japan (+7.2%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +145.4% from 2012-2022. By contrast, South Korea (-2.1%) illustrated a downward trend over the same period. Japan (+12 p.p.), India (+2.6 p.p.) and Australia (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while South Korea and China saw its share reduced by -3.9% and -14.9% from 2012 to 2022, respectively.

In value terms, China ($X), Japan ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, with a combined 86% share of total imports.

Australia, with a CAGR of +137.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per cubic meter, increasing by 17% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (coniferous) import price increased by +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Australia ($X per cubic meter), while South Korea ($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 China (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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