Asia: Wood Residues Market 2022

Wood Residues Market Size in Asia

In 2020, the Asian 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, posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. The level of consumption peaked in 2020 and is expected to retain growth in the near future.

Wood Residues Production in Asia

In value terms, wood residues production rose sharply to $X in 2020 estimated in export prices. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in years to come.

Production By Country in Asia

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.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+X% per year) and Japan (-X% per year).

Wood Residues Exports

Exports in Asia

In 2020, shipments abroad 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 most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, wood residues exports expanded to $X in 2020. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in wood residues exports structure, finishing at 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) took a minor share of total exports.

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. While the share of Vietnam (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Malaysia (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wood residues supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($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 amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and China (-X% per year).

Export Prices by Country

In 2020, the wood residues export price in Asia amounted to $X per cubic meter, falling by -X% against the previous year. In general, the export price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. 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 somewhat 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

In 2020, wood residues imports in Asia fell to X cubic meters, approximately mirroring the previous year's figure. Total imports indicated a noticeable increase 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 with an increase of X% against the previous 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 notably to $X in 2020. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. The level of import peaked in 2020 and is likely to continue growth in years to come.

Imports by Country

South Korea was the key importing country with an import of around X cubic meters, which accounted for X% of total imports. It was distantly followed by China (X cubic meters), making up a X% share of total imports. The following importers - Thailand (X cubic meters), Hong Kong SAR (X cubic meters), Japan (X cubic meters) and Nepal (X cubic meters) - together made up X% 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. South Korea (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan, China and Thailand saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported wood residues in Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($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

In 2020, the wood residues import price in Asia amounted to $X per cubic meter, with an increase of 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 2017 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The level of import peaked at $X per cubic meter in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; 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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