Eastern Asia: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Eastern Asia

The East Asian market for coniferous wood in the rough dropped to $X in 2022, stabilizing at the previous year. Over the period under review, consumption showed a abrupt downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Coniferous Wood In The Rough in Eastern Asia

In value terms, coniferous wood in the rough production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 9.8%. Over the period under review, coniferous wood in rough production reached the maximum level at $X in 2018; afterwards, it flattened through to 2022.

Exports of Coniferous Wood In The Rough

Exports in Eastern Asia

After four years of growth, shipments abroad of coniferous wood in the rough decreased by -3% to X cubic meters in 2022. Over the period under review, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 116%. The volume of export peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, coniferous wood in the rough exports fell modestly to $X in 2022. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 110%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of coniferous wood in the rough, namely Democratic People's Republic of Korea, represented more than two-thirds of total export.

Democratic People's Republic of Korea was also the fastest-growing in terms of the coniferous wood in the rough exports, with a CAGR of +25.8% from 2012 to 2022. While the share of Democratic People's Republic of Korea (+93 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic People's Republic of Korea ($X) also remains the largest coniferous wood in the rough supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in Democratic People's Republic of Korea totaled +21.3%.

Export Prices by Country

The export price in Eastern Asia stood at $X per cubic meter in 2022, with an increase of 1.9% against the previous year. Overall, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 21% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic People's Republic of Korea.

From 2012 to 2022, the rate of growth in terms of prices for Democratic People's Republic of Korea amounted to -3.5% per year.

Imports of Coniferous Wood In The Rough

Imports in Eastern Asia

In 2022, supplies from abroad of coniferous wood in the rough was finally on the rise to reach X cubic meters for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, faced a dramatic slump. The pace of growth appeared the most rapid in 2013 with an increase of 25% against the previous year. Over the period under review, coniferous wood in rough imports reached the maximum at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports totaled $X in 2022. Over the period under review, imports, however, saw a sharp shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 32%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Hong Kong SAR represented the largest importer of coniferous wood in the rough in Eastern Asia, with the volume of imports recording X cubic meters, which was approx. 58% of total imports in 2022. Democratic People's Republic of Korea (X cubic meters) held the second position in the ranking, distantly followed by South Korea (X cubic meters). All these countries together held approx. 42% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +20.6%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest coniferous wood in the rough importing markets in Eastern Asia were Hong Kong SAR ($X), Democratic People's Republic of Korea ($X) and South Korea ($X), with a combined 100% share of total imports.

Democratic People's Republic of Korea, with a CAGR of +17.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per cubic meter in 2022, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2015 an increase of 19%. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic People's Republic of Korea ($X per cubic meter), while South Korea ($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 Hong Kong SAR (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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