Eastern Asia: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Eastern Asia

The East Asian wood fuel (non-coniferous) market contracted modestly to $X in 2020, shrinking by -X% against the previous year. Overall, consumption showed a mild curtailment. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Wood Fuel (Non-Coniferous) Production in Eastern Asia

In value terms, wood fuel (non-coniferous) production contracted to $X in 2020 estimated in export prices. Overall, production showed a slight contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Production By Country in Eastern Asia

The country with the largest volume of wood fuel (non-coniferous) production was China (X cubic meters), comprising approx. X% of total volume. It was followed by Democratic People's Republic of Korea (X cubic meters), with a X% share of total production.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at -X%.

Wood Fuel (Non-Coniferous) Exports

Exports in Eastern Asia

For the sixth year in a row, Eastern Asia recorded decline in overseas shipments of wood fuel (non-coniferous), which decreased by -X% to X cubic meters in 2020. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The volume of export peaked at X cubic meters in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports shrank significantly to $X in 2020. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X cubic meters), together recording X% of total export.

China was also the fastest-growing in terms of the wood fuel (non-coniferous) exports, with a CAGR of -X% from 2007 to 2020. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest wood fuel (non-coniferous) supplier in Eastern Asia.

From 2007 to 2020, the average annual rate of growth in terms of value in China amounted to -X%.

Export Prices by Country

In 2020, the wood fuel (non-coniferous) export price in Eastern Asia amounted to $X per cubic meter, growing by X% 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 2011 when the export price increased by X% against the previous year. Over the period under review, export prices hit record highs in 2020 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Wood Fuel (Non-Coniferous) Imports

Imports in Eastern Asia

In 2020, approx. X cubic meters of wood fuel (non-coniferous) were imported in Eastern Asia; which is down by -X% on 2019. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. The volume of import peaked at X cubic meters in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) imports reduced markedly to $X in 2020. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Japan (X cubic meters) and South Korea (X cubic meters) were the major importers of wood fuel (non-coniferous) in Eastern Asia, together making up X% of total imports. It was distantly followed by China (X cubic meters), creating a X% share of total imports. Hong Kong SAR (X cubic meters) occupied a minor share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest wood fuel (non-coniferous) importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), together accounting for X% of total imports.

China recorded the highest growth rate of the value of imports, in terms of 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 wood fuel (non-coniferous) import price in Eastern Asia stood at $X per cubic meter in 2020, with an increase of X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per cubic meter), while South Korea ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform