Australia and Oceania: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Australia and Oceania

In 2020, the wood fuel (non-coniferous) market in Australia and Oceania decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Wood Fuel (Non-Coniferous) Production in Australia and Oceania

In value terms, wood fuel (non-coniferous) production fell to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The level of production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Production By Country in Australia and Oceania

The countries with the highest volumes of wood fuel (non-coniferous) production in 2020 were Papua New Guinea (X cubic meters) and Australia (X cubic meters), together comprising X% of total production.

From 2007 to 2020, the biggest increases were in Papua New Guinea.

Wood Fuel (Non-Coniferous) Exports

Exports in Australia and Oceania

In 2020, the amount of wood fuel (non-coniferous) exported in Australia and Oceania shrank remarkably to X cubic meters, with a decrease of -X% compared with the previous year's figure. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) exports contracted remarkably to $X in 2020. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. The level of export peaked at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

Fiji represented the largest exporter of wood fuel (non-coniferous) in Australia and Oceania, with the volume of exports resulting at X cubic meters, which was near X% of total exports in 2020. Australia (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Papua New Guinea (X%).

Fiji was also the fastest-growing in terms of the wood fuel (non-coniferous) exports, with a CAGR of +X% from 2007 to 2020. Australia (-X%) and Papua New Guinea (-X%) illustrated a downward trend over the same period. While the share of Fiji (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Australia (-X p.p.) and Papua New Guinea (-X p.p.) displayed negative dynamics.

In value terms, Fiji ($X), Australia ($X) and Papua New Guinea ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Fiji 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 a decline in the exports figures.

Export Prices by Country

In 2020, the wood fuel (non-coniferous) export price in Australia and Oceania amounted to $X per cubic meter, with a decrease of -X% against the previous year. Export price indicated a moderate increase 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 fuel (non-coniferous) export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. The level of export peaked at $X per cubic meter in 2019, and then declined modestly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per cubic meter), while Papua New Guinea ($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 Australia, while the other leaders experienced mixed trends in the export price figures.

Wood Fuel (Non-Coniferous) Imports

Imports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded decline in supplies from abroad of wood fuel (non-coniferous), which decreased by -X% to X cubic meters in 2020. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X cubic meters in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) imports contracted dramatically to $X in 2020. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports remained at a lower figure.

Imports by Country

Australia dominates wood fuel (non-coniferous) imports structure, reaching X cubic meters, which was near X% of total imports in 2020. It was distantly followed by French Polynesia (X cubic meters) and New Zealand (X cubic meters), together constituting a X% share of total imports. The following importers - Marshall Islands (X cubic meters), Cook Islands (X cubic meters), Micronesia (X cubic meters), Tokelau (X cubic meters), Guam (X cubic meters), Tuvalu (X cubic meters), Wallis and Futuna Islands (X cubic meters), Niue (X cubic meters) and Northern Mariana Islands (X cubic meters) - each recorded a X% share of total imports.

Imports into Australia decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Tokelau (+X%), Northern Mariana Islands (+X%), Tuvalu (+X%), Wallis and Futuna Islands (+X%), Marshall Islands (+X%), Cook Islands (+X%), Guam (+X%), Micronesia (+X%), Niue (+X%) and French Polynesia (+X%) displayed positive paces of growth. Moreover, Tokelau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. By contrast, New Zealand (-X%) illustrated a downward trend over the same period. French Polynesia (+X p.p.), New Zealand (+X p.p.), Northern Mariana Islands (+X p.p.), Tokelau (+X p.p.), Tuvalu (+X p.p.), Wallis and Futuna Islands (+X p.p.), Marshall Islands (+X p.p.), Cook Islands (+X p.p.), Guam (+X p.p.), Micronesia (+X p.p.) and Niue (+X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Australia ($X) constitutes the largest market for imported wood fuel (non-coniferous) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by French Polynesia ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

In Australia, wood fuel (non-coniferous) imports shrank by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: French Polynesia (+X% per year) and New Zealand (-X% per year).

Import Prices by Country

The wood fuel (non-coniferous) import price in Australia and Oceania stood at $X per cubic meter in 2020, which is down by -X% against the previous year. Import price indicated a temperate expansion from 2007 to 2020: its price 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. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. The level of import peaked at $X per cubic meter in 2019, and then dropped in the following year.

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

Source: IndexBox Platform