Asia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Asia

In 2022, the Asian coniferous roundwood market decreased by -16.8% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Coniferous Roundwood Production in Asia

In value terms, coniferous roundwood production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -6.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 60%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Coniferous Roundwood Exports

Exports in Asia

In 2022, the amount of roundwood (coniferous) exported in Asia shrank rapidly to X cubic meters, which is down by -32.3% compared with 2021. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 79% against the previous year. The volume of export peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, coniferous roundwood exports fell dramatically to $X in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 68%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

Japan prevails in exports structure, finishing at X cubic meters, which was near 94% of total exports in 2022. Kyrgyzstan (X cubic meters) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the roundwood (coniferous) exports, with a CAGR of +15.2% from 2012 to 2022. Kyrgyzstan (-1.6%) illustrated a downward trend over the same period. While the share of Japan (+43 p.p.) and Kyrgyzstan (+2.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest coniferous roundwood supplier in Asia, comprising 95% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Japan stood at +25.0%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per cubic meter, jumping by 17% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2021 an increase of 40% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while Kyrgyzstan stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.5%).

Coniferous Roundwood Imports

Imports in Asia

In 2022, the amount of roundwood (coniferous) imported in Asia fell dramatically to X cubic meters, declining by -49.1% compared with 2021. In general, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 32%. The volume of import peaked at X cubic meters in 2021, and then dropped remarkably in the following year.

In value terms, coniferous roundwood imports declined significantly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

China represented the main importing country with an import of about X cubic meters, which finished at 66% of total imports. Japan (X cubic meters) took the second position in the ranking, followed by South Korea (X cubic meters) and India (X cubic meters). All these countries together held near 30% share of total imports.

Imports into China decreased at an average annual rate of -3.3% from 2012 to 2022. At the same time, India (+58.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +58.8% from 2012-2022. By contrast, South Korea (-3.4%) and Japan (-4.4%) illustrated a downward trend over the same period. India (+7 p.p.) significantly strengthened its position in terms of the total imports, while Japan and China saw its share reduced by -2.6% and -3.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported roundwood (coniferous) in Asia, comprising 74% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by South Korea, with a 6.1% share.

In China, coniferous roundwood imports expanded at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.2% per year) and South Korea (-3.4% per year).

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2022, rising by 40% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price 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, coniferous roundwood import price increased by +85.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 40%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per cubic meter), while South Korea ($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 (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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