Eastern Asia: Wood Residues Market 2022

Wood Residues Market Size in Eastern Asia

The East Asian wood residues market rose remarkably to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level in 2020 and is likely to continue growth in years to come.

Wood Residues Production in Eastern Asia

In value terms, wood residues production rose significantly to $X in 2020 estimated in export prices. Overall, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked in 2020 and is likely to see gradual growth in years to come.

Production By Country in Eastern Asia

China (X cubic meters) constituted the country with the largest volume of wood residues production, accounting for X% of total volume. Moreover, wood residues production in China exceeded the figures recorded by the second-largest producer, Japan (X cubic meters), more than tenfold.

In China, wood residues production expanded at an average annual rate of +X% over the period from 2007-2020.

Wood Residues Exports

Exports in Eastern Asia

In 2020, shipments abroad of wood residues decreased by -X% to X cubic meters, falling for the fifth consecutive year after three years of growth. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, wood residues exports fell to $X in 2020. Overall, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, China (X cubic meters) was the key exporter of wood residues, constituting X% of total exports. It was distantly followed by Democratic People's Republic of Korea (X cubic meters) and Japan (X cubic meters), together making up a X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Japan, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest wood residues supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

In China, wood residues exports shrank by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Democratic People's Republic of Korea (X% per year).

Export Prices by Country

In 2020, the wood residues export price in Eastern Asia amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2011 when the export price increased by X% y-o-y. Over the period under review, export prices attained the peak figure in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per cubic meter), while Democratic People's Republic of Korea ($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 China, while the other leaders experienced mixed trends in the export price figures.

Wood Residues Imports

Imports in Eastern Asia

In 2020, the amount of wood residues imported in Eastern Asia dropped to X cubic meters, flattening at the previous year's figure. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. As a result, imports attained the peak of X cubic meters. from 2017 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, wood residues imports surged to $X in 2020. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The level of import peaked in 2020 and is likely to see gradual growth in the immediate term.

Imports by Country

South Korea represented the key importing country with an import of about X cubic meters, which reached X% of total imports. It was distantly followed by China (X cubic meters), comprising a X% share of total imports. Hong Kong SAR (X cubic meters) and Japan (X cubic meters) held a minor share of total imports.

South Korea was also the fastest-growing in terms of the wood residues imports, with a CAGR of +X% from 2007 to 2020. At the same time, Hong Kong SAR (+X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of South Korea increased by +X% percentage points, while Japan (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported wood residues in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In South Korea, wood residues imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: China (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The wood residues import price in Eastern Asia stood at $X per cubic meter in 2020, jumping by X% against the previous year. Import price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood residues import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per cubic meter in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per cubic meter), while China ($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 South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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