China: Wood Barrel Market 2025

Wood Barrel Market Size in China

The Chinese wood barrel market expanded to $X in 2022, increasing by 3.8% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.9% against 2017 indices. Wood barrel consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Wood Barrel Production in China

In value terms, wood barrel production reached $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Wood Barrel Exports

Exports from China

After two years of growth, overseas shipments of casks, barrels, vats, tubs, and coopers products of wood decreased by -45.2% to X units in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 258% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, wood barrel exports declined rapidly to $X in 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 210% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then plummeted in the following year.

Exports by Country

The United States (X units) was the main destination for wood barrel exports from China, accounting for a 51% share of total exports. Moreover, wood barrel exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+39.2% per year) and the UK (+19.3% per year).

In value terms, the United States ($X), Germany ($X) and Japan ($X) constituted the largest markets for wood barrel exported from China worldwide, together accounting for 69% of total exports.

Japan, with a CAGR of +50.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, growing by 3.7% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood barrel export price increased by +69.3% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 31%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Barrel Imports

Imports into China

In 2022, purchases abroad of casks, barrels, vats, tubs, and coopers products of wood increased by 9.6% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 160%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wood barrel imports amounted to $X in 2022. Overall, imports showed strong growth. The growth pace was the most rapid in 2021 with an increase of 141%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of wood barrel to China, with a 73% share of total imports. Moreover, wood barrel imports from the United States exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was taken by Spain (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.7% per year) and Spain (+13.0% per year).

In value terms, the largest wood barrel suppliers to China were France ($X), the United States ($X) and Spain ($X), with a combined 98% share of total imports.

The United States, with a CAGR of +35.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wood barrel import price amounted to $X per unit, with a decrease of -5.2% against the previous year. Over the period under review, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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