Hong Kong SAR, China: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Hong Kong SAR, China

The Hong Kong wood fuel (non-coniferous) market declined to $X in 2020, shrinking by -X% against the previous year. Over the period under review, consumption, however, showed a abrupt descent. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Wood fuel (non-coniferous) consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Production in Hong Kong SAR, China

In value terms, wood fuel (non-coniferous) production declined to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2012 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2013 to 2020, production growth remained at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of wood fuel (non-coniferous), which decreased by -X% to X cubic meters in 2020. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X cubic meters in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports plummeted to $X in 2020. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

China (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, wood fuel (non-coniferous) exports to China exceeded the volume sent to the second major destination, Macao SAR (X cubic meters), threefold. Canada (X cubic meters) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-X% per year) and Canada (-X% per year).

In value terms, China ($X) emerged as the key foreign market for wood fuel (non-coniferous) exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Macao SAR ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-X% per year) and Thailand (+X% per year).

Export Prices by Country

In 2020, the average wood fuel (non-coniferous) export price amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, export price indicated a pronounced increase 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. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Macao SAR ($X per cubic meter), while the average price for exports to Canada ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR, while the prices for the other major destinations experienced mixed trend patterns.

Wood Fuel (Non-Coniferous) Imports

Imports into Hong Kong SAR, China

For the fifth consecutive year, Hong Kong SAR recorded decline in supplies from abroad of wood fuel (non-coniferous), which decreased by -X% to X cubic meters in 2020. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. Imports peaked at X cubic meters in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) imports reduced remarkably to $X in 2020. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X cubic meters) constituted the largest supplier of wood fuel (non-coniferous) to Hong Kong SAR, accounting for a X% share of total imports. Moreover, wood fuel (non-coniferous) imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), fourfold. Malaysia (X cubic meters) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) constituted the largest supplier of wood fuel (non-coniferous) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Germany (-X% per year).

Import Prices by Country

The average wood fuel (non-coniferous) import price stood at $X per cubic meter in 2020, declining by -X% against the previous year. Over the period under review, import price indicated a measured 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. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2019, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per cubic meter), while the price for China ($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 Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform