China: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in China

The Chinese sawnwood (non-coniferous) market contracted slightly to $X in 2022, waning by -3.1% against the previous year. Overall, consumption, however, saw resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Sawnwood (Non-Coniferous) Production in China

In value terms, sawnwood (non-coniferous) production contracted to $X in 2022 estimated in export price. In general, production showed prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 73% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from China

In 2022, overseas shipments of sawnwood (non-coniferous) increased by 32% to X cubic meters, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sawnwood (non-coniferous) exports reduced to $X in 2022. In general, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X cubic meters), Japan (X cubic meters) and the United States (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from China, together accounting for 65% of total exports. South Korea, Thailand, Cambodia, Germany, Malaysia, Spain and Australia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +108.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood (non-coniferous) exported from China were Japan ($X), Vietnam ($X) and the United States ($X), together comprising 66% of total exports. South Korea, Thailand, Germany, Cambodia, Malaysia, Australia and Spain lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Cambodia, with a CAGR of +112.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, declining by -28.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 46%. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while the average price for exports to Spain ($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 South Korea (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into China

In 2022, approx. X cubic meters of sawnwood (non-coniferous) were imported into China; which is down by -2.4% against 2021 figures. In general, imports, however, saw noticeable growth. The pace of growth appeared the most rapid in 2016 with an increase of 49% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) imports rose sharply to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 32%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X cubic meters), Russia (X cubic meters) and the United States (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to China, with a combined 70% share of total imports. The Philippines, Gabon, Romania, Cameroon, Malaysia and Indonesia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Gabon (with a CAGR of +11.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and Russia ($X) were the largest sawnwood (non-coniferous) suppliers to China, together accounting for 67% of total imports.

Among the main suppliers, Russia, with a CAGR of +9.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, surging by 14% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the average 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 the United States ($X per cubic meter), while the price for the Philippines ($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 Indonesia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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