Asia: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Asia

The Asian sawnwood (coniferous) market was estimated at $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Sawnwood (Coniferous) Production in Asia

In value terms, sawnwood (coniferous) production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 17%. The level of production peaked at $X in 2021, and then shrank in the following year.

Sawnwood (Coniferous) Exports

Exports in Asia

In 2022, the amount of sawnwood (coniferous) exported in Asia soared to X cubic meters, increasing by 46% on the year before. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 79%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sawnwood (coniferous) exports surged to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 70% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Philippines was the largest exporter of sawnwood (coniferous) in Asia, with the volume of exports accounting for X cubic meters, which was near 63% of total exports in 2022. It was distantly followed by Japan (X cubic meters) and Turkey (X cubic meters), together achieving a 33% share of total exports. Singapore (X cubic meters) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the sawnwood (coniferous) exports, with a CAGR of +98.3% from 2012 to 2022. At the same time, Singapore (+78.9%), Turkey (+74.7%) and Japan (+6.5%) displayed positive paces of growth. The Philippines (+63 p.p.), Turkey (+11 p.p.) and Singapore (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -28.6% from 2012 to 2022, respectively.

In value terms, the Philippines ($X) emerged as the largest sawnwood (coniferous) supplier in Asia, comprising 56% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by Turkey, with an 18% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines stood at +112.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+14.8% per year) and Turkey (+69.5% per year).

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2022, growing by 9.6% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Over the period under review, the export prices attained the peak figure 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 Turkey ($X per cubic meter), while Singapore ($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 mixed trends in the export price figures.

Sawnwood (Coniferous) Imports

Imports in Asia

In 2022, sawnwood (coniferous) imports in Asia fell slightly to X cubic meters, reducing by -3.1% on 2021. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. The volume of import peaked at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) imports amounted to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +49.1% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 41%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

China was the main importer of sawnwood (coniferous) in Asia, with the volume of imports finishing at X cubic meters, which was approx. 51% of total imports in 2022. Japan (X cubic meters) ranks second in terms of the total imports with a 25% share, followed by South Korea (8.9%). Azerbaijan (X cubic meters), India (X cubic meters), Kazakhstan (X cubic meters), Turkey (X cubic meters) and Uzbekistan (X cubic meters) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sawnwood (coniferous) imports into China stood at -1.2%. At the same time, Azerbaijan (+96.8%), Uzbekistan (+63.1%), India (+52.0%), Kazakhstan (+23.8%), Japan (+7.2%) and Turkey (+3.6%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in Asia, with a CAGR of +96.8% from 2012-2022. By contrast, South Korea (-2.1%) illustrated a downward trend over the same period. While the share of Japan (+9.9 p.p.), Azerbaijan (+2.5 p.p.), India (+2.4 p.p.), Kazakhstan (+1.8 p.p.) and Uzbekistan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-4.3 p.p.) and China (-17.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sawnwood (coniferous) importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 82% of total imports. Uzbekistan, India, Azerbaijan, Turkey and Kazakhstan lagged somewhat behind, together accounting for a further 12%.

Azerbaijan, with a CAGR of +101.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Asia stood at $X per cubic meter in 2022, growing by 13% against the previous year. Import price indicated notable growth from 2012 to 2022: its price 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, sawnwood (coniferous) import price increased by +39.9% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 36% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Uzbekistan ($X per cubic meter), while Kazakhstan ($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 Uzbekistan (+17.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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