Australia: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Australia

In 2020, the Australian wood fuel (non-coniferous) market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Wood fuel (non-coniferous) consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Production in Australia

In value terms, wood fuel (non-coniferous) production reduced modestly to $X in 2020 estimated in export prices. Overall, production continues to indicate a slight expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Australia

In 2020, shipments abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the fourth consecutive year after two years of growth. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at X cubic meters in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports dropped markedly to $X in 2020. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from Australia, accounting for a X% share of total exports. Moreover, wood fuel (non-coniferous) exports to New Zealand exceeded the volume sent to the second major destination, the U.S. (X cubic meters), eightfold. China (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to New Zealand totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and China (-X% per year).

In value terms, New Zealand ($X) remains the key foreign market for wood fuel (non-coniferous) exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to New Zealand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and China (-X% per year).

Export Prices by Country

In 2020, the average wood fuel (non-coniferous) export price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, export price indicated a remarkable increase 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. Based on 2020 figures, wood fuel (non-coniferous) export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2020, the highest prices were recorded for prices to Christmas Island ($X per cubic meter) and China ($X per cubic meter), while the average price for exports to the U.S. ($X per cubic meter) and New Zealand ($X per cubic meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Australia

Wood fuel (non-coniferous) imports into Australia dropped remarkably to X cubic meters in 2020, which is down by -X% on the year before. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at X cubic meters in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) imports shrank rapidly to $X in 2020. Overall, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X cubic meters), Malaysia (X cubic meters) and China (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to Australia, together comprising X% of total imports. These countries were followed by Italy and the U.S., which together accounted for a further X 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Malaysia ($X) and China ($X) appeared to be the largest wood fuel (non-coniferous) suppliers to Australia, together comprising X% of total imports. Italy and the U.S. lagged somewhat behind, together accounting for a further X the main suppliers, the U.S. recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, flattening at the previous year. In general, import price indicated a pronounced 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. Based on 2020 figures, wood fuel (non-coniferous) import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked in 2020 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were the U.S. ($X per cubic meter) and Malaysia ($X per cubic meter), while the price for China ($X per cubic meter) and Indonesia ($X per cubic meter) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform