Asia-Pacific: Wood Residues Market 2022

Wood Residues Market Size in Asia-Pacific

In 2020, the Asia-Pacific wood residues market increased by X% to $X, rising for the fifth year in a row after two years of decline. In general, consumption, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level in 2020 and is likely to continue growth in years to come.

Wood Residues Production in Asia-Pacific

In value terms, wood residues production expanded notably to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is expected to retain growth in the near future.

Production By Country in Asia-Pacific

China (X cubic meters) constituted the country with the largest volume of wood residues production, comprising approx. X% of total volume. Moreover, wood residues production in China exceeded the figures recorded by the second-largest producer, Thailand (X cubic meters), more than tenfold. Japan (X cubic meters) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China totaled +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Japan (-X% per year).

Wood Residues Exports

Exports in Asia-Pacific

In 2020, overseas shipments of wood residues increased by X% to X cubic meters, rising for the third consecutive year after two years of decline. Total exports indicated a mild increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in the immediate term.

In value terms, wood residues exports rose to $X in 2020. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Vietnam dominates wood residues exports structure, reaching X cubic meters, which was near X% of total exports in 2020. It was distantly followed by Malaysia (X cubic meters), comprising a X% share of total exports. Thailand (X cubic meters), China (X cubic meters) and Democratic People's Republic of Korea (X cubic meters) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the wood residues exports, with a CAGR of +X% from 2007 to 2020. At the same time, Thailand (+X%) displayed positive paces of growth. Democratic People's Republic of Korea experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) and China (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) and Thailand (+X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and China saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood residues supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Vietnam totaled +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and China (-X% per year).

Export Prices by Country

The wood residues export price in Asia-Pacific stood at $X per cubic meter in 2020, waning by -X% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. As a result, export price reached the peak level of $X per cubic meter. from 2013 to 2020, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Malaysia ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Wood Residues Imports

Imports in Asia-Pacific

In 2020, approx. X cubic meters of wood residues were imported in Asia-Pacific; therefore, remained relatively stable against 2019 figures. Total imports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. As a result, imports attained the peak of X cubic meters. from 2017 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, wood residues imports rose significantly to $X in 2020. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. The level of import peaked in 2020 and is likely to see gradual growth in the immediate term.

Imports by Country

South Korea was the largest importer of wood residues in Asia-Pacific, with the volume of imports resulting at X cubic meters, which was near X% of total imports in 2020. China (X cubic meters) took the second position in the ranking, distantly followed by Thailand (X cubic meters). All these countries together occupied approx. X% share of total imports. The following importers - Hong Kong SAR (X cubic meters), Japan (X cubic meters) and Nepal (X cubic meters) - each resulted at a X% share of total imports.

South Korea was also the fastest-growing in terms of the wood residues imports, with a CAGR of +X% from 2007 to 2020. At the same time, Hong Kong SAR (+X%) and Nepal (+X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, Japan (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of South Korea and Hong Kong SAR increased by +X% and +X% percentage points, while Japan (-X p.p.), China (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported wood residues in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual growth rate of value in South Korea totaled +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The wood residues import price in Asia-Pacific stood at $X per cubic meter in 2020, jumping by X% against the previous year. Import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood residues import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The level of import peaked at $X per cubic meter in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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