China: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in China

The Chinese coniferous roundwood market contracted rapidly to $X in 2022, with a decrease of -21.7% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -29.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Coniferous Roundwood Production in China

In value terms, coniferous roundwood production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a moderate expansion. The growth pace was the most rapid in 2017 with an increase of 141%. Coniferous roundwood production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Coniferous Roundwood Exports

Exports from China

In 2022, approx. X cubic meters of roundwood (coniferous) were exported from China; dropping by -31.2% against the previous year's figure. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 152%. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, coniferous roundwood exports reduced remarkably to $X in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 100% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Exports by Country

The United States (X cubic meters) was the main destination for coniferous roundwood exports from China, accounting for a 11% share of total exports. Moreover, coniferous roundwood exports to the United States exceeded the volume sent to the second major destination, Singapore (X cubic meters), threefold. Japan (X cubic meters) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+49.2% per year) and Japan (-5.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for roundwood (coniferous) exports from China, comprising 26% of total exports. The second position in the ranking was held by Japan ($X), with a 7.5% share of total exports. It was followed by Singapore, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+15.5% per year) and Singapore (+39.0% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, picking up by 15% against the previous year. In general, the export price recorded a noticeable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 123%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Singapore ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into China

After four years of growth, supplies from abroad of roundwood (coniferous) decreased by -57.8% to X cubic meters in 2022. Overall, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Imports peaked at X cubic meters in 2021, and then fell markedly in the following year.

In value terms, coniferous roundwood imports declined rapidly to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, New Zealand (X cubic meters) constituted the largest supplier of coniferous roundwood to China, with a 53% share of total imports. Moreover, coniferous roundwood imports from New Zealand exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), threefold. The United States (X cubic meters) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+84.8% per year) and the United States (-6.3% per year).

In value terms, New Zealand ($X) constituted the largest supplier of roundwood (coniferous) to China, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by the United States, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+95.9% per year) and the United States (-5.7% per year).

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, growing by 53% against the previous year. Over the period under review, the import price showed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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