Asia: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Asia

In 2020, the Asian wood fuel (non-coniferous) market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Wood Fuel (Non-Coniferous) Production in Asia

In value terms, wood fuel (non-coniferous) production shrank to $X in 2020 estimated in export prices. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Production By Country in Asia

India (X cubic meters) remains the largest wood fuel (non-coniferous) producing country in Asia, comprising approx. X% of total volume. Moreover, wood fuel (non-coniferous) production in India exceeded the figures recorded by the second-largest producer, China (X cubic meters), threefold. The third position in this ranking was occupied by Indonesia (X cubic meters), with a X% share.

In India, wood fuel (non-coniferous) production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: China (-X% per year) and Indonesia (-X% per year).

Wood Fuel (Non-Coniferous) Exports

Exports in Asia

For the fourth consecutive year, Asia recorded decline in shipments abroad of wood fuel (non-coniferous), which decreased by -X% to X cubic meters in 2020. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of X cubic meters. from 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports shrank remarkably to $X in 2020. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, China (X cubic meters) represented the main exporter of wood fuel (non-coniferous), generating X% of total exports. Malaysia (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%), Cambodia (X%) and Vietnam (X%). The following exporters - Turkey (X cubic meters) and Oman (X cubic meters) - each accounted for a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to wood fuel (non-coniferous) exports from China stood at -X%. At the same time, Cambodia (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Oman and Vietnam experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Cambodia (+X p.p.), Vietnam (+X p.p.), Malaysia (+X p.p.), Turkey (+X p.p.) and Oman (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Indonesia (-X p.p.) displayed negative dynamics.

In value terms, the largest wood fuel (non-coniferous) supplying countries in Asia were China ($X), Malaysia ($X) and Indonesia ($X), together accounting for X% of total exports. Vietnam, Cambodia, Turkey and Oman lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the wood fuel (non-coniferous) export price in Asia amounted to $X per cubic meter, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Vietnam ($X per cubic meter), while China ($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 Cambodia, while the other leaders experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports in Asia

In 2020, overseas purchases of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the sixth year in a row after two years of growth. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, wood fuel (non-coniferous) imports fell dramatically to $X in 2020. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Japan (X cubic meters) and South Korea (X cubic meters) were the largest importers of wood fuel (non-coniferous) in Asia, together resulting at near X% of total imports. It was distantly followed by China (X cubic meters), India (X cubic meters) and Malaysia (X cubic meters), together comprising a X% share of total imports. Hong Kong SAR (X cubic meters), Azerbaijan (X cubic meters), Israel (X cubic meters), Kazakhstan (X cubic meters), Singapore (X cubic meters) and Vietnam (X cubic meters) took a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. India, Malaysia, Hong Kong SAR, Israel, Singapore, Vietnam, Azerbaijan and Kazakhstan lagged somewhat behind, together comprising a further X terms of the main importing countries, India saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the wood fuel (non-coniferous) import price in Asia amounted to $X per cubic meter, with an increase of X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per cubic meter), while Kazakhstan ($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 Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform