Eastern Asia: Spruce Wood Market 2020

Spruce Wood Market Size in Eastern Asia

The revenue of the spruce wood market in Eastern Asia amounted to $X in 2017, growing by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The level of spruce wood consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Spruce Wood Production in Eastern Asia

In 2017, production of spruce wood in Eastern Asia totaled X cubic meters, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014, when the output figure increased by X% against the previous year. The volume of spruce wood production peaked in 2017, and is expected to retain its growth in the near future.

Spruce Wood Exports in Eastern Asia

In 2017, exports of spruce wood in Eastern Asia amounted to X cubic meters, waning by -X% against the previous year. The spruce wood exports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2010, when exports increased by X% year-to-year. Over the period under review, the spruce wood exports reached its peak figure volume of X cubic meters in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, spruce wood exports amounted to $X in 2017. The spruce wood exports continue to indicate a deep shrinkage. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Spruce Wood Exports by Country in Eastern Asia

China was the key exporting country with an export of around X cubic meters, which resulted at X% of total exports. It was distantly followed by Japan (X cubic meters), South Korea (X cubic meters) and Taiwan, Chinese (X cubic meters), together making up X% share of total exports. China, Hong Kong SAR (X cubic meters) held the mild share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Taiwan, Chinese (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China, China, Hong Kong SAR and Taiwan, Chinese increased by X%, X% and X% percentage points, while South Korea (-X%) and Japan (-X%) saw their share reduced.

In value terms, China ($X) remains the largest spruce wood supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In China, spruce wood exports decreased by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Spruce Wood Export Prices by Country in Eastern Asia

The spruce wood export price in Eastern Asia stood at $X per cubic meter in 2017, rising by X% against the previous year. The spruce wood export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, an increase of X% against the previous year. In that year, the export prices for spruce wood attained their peak level of $X per cubic meter. From 2009 to 2017, growth of the export prices for spruce wood stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per cubic meter), while China, Hong Kong SAR ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (-X% per year), while the other leaders experienced a decline in the export price figures.

Spruce Wood Imports in Eastern Asia

The imports totaled X cubic meters in 2017, approximately equating the previous year. The spruce wood imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2010, when imports increased by X% year-to-year. The volume of imports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, spruce wood imports totaled $X in 2017. The spruce wood imports continue to indicate a remarkable increase. Over the period under review, the spruce wood imports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Spruce Wood Imports by Country in Eastern Asia

China was the major importer of spruce wood in Eastern Asia, with the volume of imports accounting for X cubic meters, which was near X% of total imports in 2017. It was distantly followed by Japan (X cubic meters) and South Korea (X cubic meters), together mixed up X% share of total imports. Taiwan, Chinese (X cubic meters) followed a long way behind the leaders.

China was also the fastest growing in terms of the spruce wood imports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%) displayed positive paces of growth. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. Japan (X%) significantly strengthened its position in terms of the global imports, while South Korea and China saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported spruce wood in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, spruce wood imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and South Korea (+X% per year).

Spruce Wood Import Prices by Country in Eastern Asia

The spruce wood import price in Eastern Asia stood at $X per cubic meter in 2017, increasing by X% against the previous year. The spruce wood import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2013, an increase of X% y-o-y. The level of import price peaked of $X per cubic meter in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Japan ($X per cubic meter) and South Korea ($X per cubic meter), while China ($X per cubic meter) and Taiwan, Chinese ($X per cubic meter) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform