China: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in China

The Chinese sawnwood (coniferous) market shrank dramatically to $X in 2022, which is down by -24.7% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sawnwood (coniferous) consumption peaked at $X in 2021, and then declined rapidly in the following year.

Sawnwood (Coniferous) Production in China

In value terms, sawnwood (coniferous) production surged to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 -15.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sawnwood (Coniferous) Exports

Exports from China

In 2022, after four years of growth, there was significant decline in shipments abroad of sawnwood (coniferous), when their volume decreased by -20.7% to X cubic meters. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 138% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2021, and then dropped notably in the following year.

In value terms, sawnwood (coniferous) exports rose rapidly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 100%. Over the period under review, the exports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Japan (X cubic meters) was the main destination for sawnwood (coniferous) exports from China, accounting for a 64% share of total exports. Moreover, sawnwood (coniferous) exports to Japan exceeded the volume sent to the second major destination, Australia (X cubic meters), fivefold. Myanmar (X cubic meters) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+74.4% per year) and Myanmar (+90.0% per year).

In value terms, Japan ($X) remains the key foreign market for sawnwood (coniferous) exports from China, comprising 68% of total exports. The second position in the ranking was held by Australia ($X), with a 15% share of total exports. It was followed by South Korea, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+80.3% per year) and South Korea (+11.5% per year).

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, surging by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to Myanmar ($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 Vietnam (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into China

In 2022, supplies from abroad of sawnwood (coniferous) decreased by -38% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a slight setback. The growth pace was the most rapid in 2013 when imports increased by 31%. Imports peaked at X cubic meters in 2021, and then shrank markedly in the following year.

In value terms, sawnwood (coniferous) imports plummeted to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 45% against the previous year. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest sawnwood (coniferous) supplier to China, with a 82% share of total imports. Moreover, sawnwood (coniferous) imports from Russia exceeded the figures recorded by the second-largest supplier, Finland (X cubic meters), more than tenfold. The third position in this ranking was taken by Sweden (X cubic meters), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+13.1% per year) and Sweden (+13.2% per year).

In value terms, Russia ($X) constituted the largest supplier of sawnwood (coniferous) to China, comprising 80% of total imports. The second position in the ranking was held by Finland ($X), with a 4% share of total imports. It was followed by Sweden, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+14.3% per year) and Sweden (+14.5% per year).

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, growing by 5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 an increase of 46%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per cubic meter) and Chile ($X per cubic meter), while the price for Belarus ($X per cubic meter) and Russia ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :