Hong Kong SAR, China: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in Hong Kong SAR, China

In 2022, the Hong Kong industrial roundwood market decreased by -94.1% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a dramatic decrease. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Industrial Roundwood Production in Hong Kong SAR, China

In value terms, industrial roundwood production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The growth pace was the most rapid in 2014 when the production volume increased by 80% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Industrial Roundwood Exports

Exports from Hong Kong SAR, China

Industrial roundwood exports from Hong Kong SAR surged to X cubic meters in 2022, picking up by 153% on the year before. Overall, exports, however, faced a precipitous decline. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a sharp curtailment. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood exports from Hong Kong SAR, accounting for a 93% share of total exports. Moreover, industrial roundwood exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at -25.7%.

In value terms, China ($X) remains the key foreign market for industrial roundwood exports from Hong Kong SAR, comprising 95% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to -31.8%.

Export Prices by Country

In 2022, the average industrial roundwood export price amounted to $X per cubic meter, increasing by 5.7% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 65% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Taiwan (Chinese) stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-4.2%).

Industrial Roundwood Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of industrial roundwood decreased by -98.3% to X cubic meters, falling for the third year in a row after three years of growth. Overall, imports saw a dramatic setback. The pace of growth was the most pronounced in 2018 with an increase of 220% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood imports reduced sharply to $X in 2022. In general, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2018 with an increase of 72%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X cubic meters), the United States (X cubic meters) and Taiwan (Chinese) (X cubic meters) were the main suppliers of industrial roundwood imports to Hong Kong SAR, together comprising 72% of total imports. New Zealand, Guyana, Cambodia and Australia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +23.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of industrial roundwood to Hong Kong SAR, comprising 43% of total imports. The second position in the ranking was taken by Guyana ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Guyana (+42.4% per year) and Taiwan (Chinese) (-11.9% per year).

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, jumping by 225% against the previous year. In general, the import price, however, showed a abrupt slump. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per cubic meter), while the price for New Zealand ($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 Guyana (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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