Asia-Pacific: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Asia-Pacific

The Asia-Pacific wood slicing machine market reached $X in 2021, picking up by 6.3% against the previous year. Over the period under review, consumption recorded a noticeable shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wood Slicing Machine Production in Asia-Pacific

In value terms, wood slicing machine production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 17%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Slicing Machine Exports

Exports in Asia-Pacific

In 2021, shipments abroad of splitting, slicing or paring machines increased by 47% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 83%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, wood slicing machine exports surged to $X in 2021. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 80%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from China (X units), together amounting to 99% of total export.

China was also the fastest-growing in terms of the splitting, slicing or paring machines exports, with a CAGR of +14.8% from 2012 to 2021. China (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest wood slicing machine supplier in Asia-Pacific.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +21.7%.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, surging by 9.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 30%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +6.0% per year.

Wood Slicing Machine Imports

Imports in Asia-Pacific

In 2021, the amount of splitting, slicing or paring machines imported in Asia-Pacific stood at X units, increasing by 9.2% on the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood slicing machine imports contracted slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X units) represented the key importer of splitting, slicing or paring machines, making up 53% of total imports. Japan (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (9.2%), South Korea (6.9%) and India (5.5%). New Zealand (X units) and the Philippines (X units) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +11.2% from 2012 to 2021. At the same time, India (+34.5%), the Philippines (+31.2%), South Korea (+16.7%) and New Zealand (+5.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +34.5% from 2012-2021. By contrast, Indonesia (-6.8%) and Japan (-6.9%) illustrated a downward trend over the same period. Australia (+26 p.p.), India (+5 p.p.), South Korea (+4.6 p.p.) and the Philippines (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Japan saw its share reduced by -14.1% and -18.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported splitting, slicing or paring machines in Asia-Pacific, comprising 22% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.2% share of total imports. It was followed by India, with a 6.2% share.

In Australia, wood slicing machine imports expanded at an average annual rate of +9.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-2.8% per year) and India (+21.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, with a decrease of -8.7% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 23%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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