Hong Kong SAR, China: Sawnwood (Coniferous) Market 2025

Sawnwood (Coniferous) Market Size in Hong Kong SAR, China

In 2022, the Hong Kong sawnwood (coniferous) market decreased by -6.8% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, showed significant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sawnwood (Coniferous) Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of sawnwood (coniferous) increased by 196% to X cubic meters, rising for the second year in a row after two years of decline. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,018%. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sawnwood (coniferous) exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 1,650% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Macao SAR (X cubic meters) was the main destination for sawnwood (coniferous) exports from Hong Kong SAR, accounting for a 76% share of total exports. Moreover, sawnwood (coniferous) exports to Macao SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), sixfold. The third position in this ranking was held by Mauritius (X cubic meters), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR totaled +78.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and Mauritius (+429.0% per year).

In value terms, Macao SAR ($X) emerged as the key foreign market for sawnwood (coniferous) exports from Hong Kong SAR, comprising 67% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by Mauritius, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR stood at +149.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and Mauritius (+511.2% per year).

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, increasing by 361% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to Macao SAR ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of sawnwood (coniferous) decreased by -18.4% to X cubic meters, falling for the third year in a row after four years of growth. Overall, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 300% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) imports contracted to $X in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 450%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Canada (X cubic meters) constituted the largest sawnwood (coniferous) supplier to Hong Kong SAR, accounting for a 77% share of total imports. Moreover, sawnwood (coniferous) imports from Canada exceeded the figures recorded by the second-largest supplier, China (X cubic meters), tenfold. The third position in this ranking was taken by Germany (X cubic meters), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+104.5% per year) and Germany (+122.3% per year).

In value terms, Canada ($X) constituted the largest supplier of sawnwood (coniferous) to Hong Kong SAR, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with a 5.1% share of total imports. It was followed by Germany, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+76.4% per year) and Germany (+130.2% per year).

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the price for Sweden ($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 Canada (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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