Eastern Asia: Preservative-Treated Rough Wood Market 2024

Preservative-Treated Rough Wood Market Size in Eastern Asia

The East Asian preservative-treated rough wood market expanded to $X in 2021, surging by 4.9% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preservative-Treated Rough Wood Production in Eastern Asia

In value terms, preservative-treated rough wood production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preservative-Treated Rough Wood Exports

Exports in Eastern Asia

In 2021, the amount of preservative-treated rough wood exported in Eastern Asia dropped significantly to X cubic meters, waning by -37.2% compared with the year before. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 186% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, preservative-treated rough wood exports skyrocketed to $X in 2021. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 with an increase of 167% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of about X cubic meters, which reached 61% of total exports. It was distantly followed by Japan (X cubic meters), making up a 36% share of total exports. South Korea (X cubic meters) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +7.4%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest preservative-treated rough wood supplier in Eastern Asia, comprising 81% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -9.7%. In the other countries, the average annual rates were as follows: Japan (-11.7% per year) and South Korea (+9.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per cubic meter, surging by 132% against the previous year. Over the period under review, the export price recorded a remarkable increase. As a result, the export 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 exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while Japan ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the other leaders experienced mixed trends in the export price figures.

Preservative-Treated Rough Wood Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded decline in purchases abroad of preservative-treated rough wood, which decreased by -8.3% to X cubic meters in 2021. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 196% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, preservative-treated rough wood imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 218%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, amounting to X cubic meters, which was approx. 97% of total imports in 2021. Hong Kong SAR (X cubic meters) took a relatively small share of total imports.

Imports into China increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Hong Kong SAR (+9.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.2% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported preservative-treated rough wood in Eastern Asia, comprising 95% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 3% share of total imports.

In China, preservative-treated rough wood imports increased at an average annual rate of +7.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per cubic meter, with an increase of 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. 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 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while China stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.2%).

Source: IndexBox Platform

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