Eastern Asia: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Eastern Asia

The East Asian sawnwood (non-coniferous) market declined to $X in 2022, shrinking by -3.1% against the previous year. Over the period under review, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Sawnwood (Non-Coniferous) Production in Eastern Asia

In value terms, sawnwood (non-coniferous) production shrank slightly to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 71%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports in Eastern Asia

In 2022, shipments abroad of sawnwood (non-coniferous) increased by 26% to X cubic meters, rising for the second consecutive year after three years of decline. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 28%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports fell to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 24%. 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

China prevails in exports structure, recording X cubic meters, which was approx. 90% of total exports in 2022. South Korea (X cubic meters), Taiwan (Chinese) (X cubic meters) and Japan (X cubic meters) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of -5.1% from 2012 to 2022. At the same time, South Korea (+11.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +11.0% from 2012-2022. By contrast, Japan (-7.6%) and Taiwan (Chinese) (-14.2%) illustrated a downward trend over the same period. China (+20 p.p.) and South Korea (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -3.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sawnwood (non-coniferous) supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.5% share of total exports. It was followed by South Korea, with a 3.4% share.

In China, sawnwood (non-coniferous) exports plunged by an average annual rate of -5.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-15.0% per year) and South Korea (+9.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per cubic meter in 2022, with a decrease of -26.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while South Korea ($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 Japan (+2.0%), while the other leaders experienced a decline in the export price figures.

Sawnwood (Non-Coniferous) Imports

Imports in Eastern Asia

In 2022, the amount of sawnwood (non-coniferous) imported in Eastern Asia reduced to X cubic meters, dropping by -3.2% on the previous year's figure. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +2.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. The volume of import peaked at X cubic meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports expanded rapidly to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +18.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 29% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, amounting to X cubic meters, which was near 95% of total imports in 2022. Taiwan (Chinese) (X cubic meters) followed a long way behind the leaders.

China was also the fastest-growing in terms of the sawnwood (non-coniferous) imports, with a CAGR of +4.4% from 2012 to 2022. Taiwan (Chinese) (-1.9%) illustrated a downward trend over the same period. While the share of China (+6.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sawnwood (non-coniferous) in Eastern Asia, comprising 91% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.8% share of total imports.

In China, sawnwood (non-coniferous) imports increased at an average annual rate of +3.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per cubic meter, rising by 13% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 44%. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while China amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%).

Source: IndexBox Platform

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