Australia: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Australia

After four years of decline, the Australian market for coniferous wood in the rough increased by 0.1% to $X in 2022. In general, consumption recorded a notable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Coniferous Wood In The Rough in Australia

In value terms, coniferous wood in the rough production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 32%. Over the period under review, coniferous wood in rough production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports from Australia

Coniferous wood in the rough exports from Australia rose markedly to X cubic meters in 2016, surging by 12% on 2015. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 42%. The exports peaked in 2016 and are expected to retain growth in the near future.

In value terms, coniferous wood in the rough exports surged to $X in 2016. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 56%. The exports peaked in 2016 and are likely to see steady growth in the near future.

Exports by Country

China (X cubic meters) was the main destination for coniferous wood in the rough exports from Australia, accounting for a 96% share of total exports. Moreover, coniferous wood in the rough exports to China exceeded the volume sent to the second major destination, South Korea (X cubic meters), more than tenfold.

From 2012 to 2016, the average annual rate of growth in terms of volume to China stood at +31.1%.

In value terms, China ($X) remains the key foreign market for coniferous wood in the rough exports from Australia, comprising 96% of total exports. The second position in the ranking was taken by South Korea ($X), with a 4.3% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of value to China totaled +35.0%.

Export Prices by Country

In 2016, the average export price for coniferous wood in the rough amounted to $X per cubic meter, rising by 20% against the previous year. Over the last four years, it increased at an average annual rate of +2.9%. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2016, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2016, amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to China stood at $X per cubic meter.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.6%).

Imports of Coniferous Wood In The Rough

Imports into Australia

After two years of growth, supplies from abroad of coniferous wood in the rough decreased by -50% to X cubic meters in 2016. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 842% against the previous year. Over the period under review, coniferous wood in rough imports reached the peak figure at X cubic meters in 2015, and then fell remarkably in the following year.

In value terms, coniferous wood in the rough imports contracted significantly to $X in 2016. Overall, imports continue to indicate a slight setback. The pace of growth was the most pronounced in 2014 with an increase of 1,400%. Imports peaked at $X in 2015, and then dropped notably in the following year.

Imports by Country

In 2016, Canada (X cubic meters) was the main supplier of coniferous wood in the rough to Australia, accounting for a 99% share of total imports. It was followed by the United States (X cubic meters), with a 1.1% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of volume from Canada totaled +94.3%.

In value terms, Canada ($X) constituted the largest supplier of coniferous wood in the rough to Australia, comprising 99% of total imports. The second position in the ranking was held by the United States ($X), with a 1% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of value from Canada totaled +132.4%.

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2016, with an increase of 42% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2016: its price increased at an average annual rate of +16.0% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, coniferous wood in the rough import price increased by +81.0% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 60%. The import price peaked in 2016 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Canada totaled $X per cubic meter.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the United States (+32.3%).

Source: IndexBox Platform

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