Eastern Asia: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Eastern Asia

The East Asian wooden joinery and carpentry market shrank slightly to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Builders' Joinery And Carpentry Of Wood in Eastern Asia

In value terms, wooden joinery and carpentry production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports in Eastern Asia

In 2021, the amount of builders' joinery and carpentry of wood exported in Eastern Asia surged to X tons, rising by 25% on 2020 figures. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when exports increased by 46%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wooden joinery and carpentry exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 96% of total exports in 2021. Hong Kong SAR (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wooden joinery and carpentry exports from China stood at +1.6%. At the same time, Hong Kong SAR (+1.6%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +1.6% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden joinery and carpentry supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.4%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by 3.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 45%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.5%).

Imports of Builders' Joinery And Carpentry Of Wood

Imports in Eastern Asia

Wooden joinery and carpentry imports rose significantly to X tons in 2021, surging by 7.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 14%. Over the period under review, imports reached the peak figure at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, wooden joinery and carpentry imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan dominates imports structure, recording X tons, which was near 86% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), generating a 6.7% share of total imports. The following importers - South Korea (X tons) and China (X tons) - each accounted for a 4.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wooden joinery and carpentry imports into Japan stood at +3.3%. At the same time, China (+13.3%), South Korea (+4.4%) and Hong Kong SAR (+3.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +13.3% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported builders' joinery and carpentry of wood in Eastern Asia, comprising 82% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 8.6% share of total imports. It was followed by China, with a 4.5% share.

In Japan, wooden joinery and carpentry imports increased at an average annual rate of +2.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+4.9% per year) and China (+13.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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