India: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in India

The Indian market for coniferous wood in the rough declined to $X in 2022, approximately equating the previous year. In general, consumption continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Coniferous Wood In The Rough in India

In value terms, coniferous wood in the rough production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 5.5%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Coniferous Wood In The Rough

Exports from India

Coniferous wood in the rough exports from India skyrocketed to X cubic meters in 2022, increasing by 16% against 2021 figures. In general, exports, however, showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 196%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 191%. Over the period under review, the coniferous wood in rough exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for coniferous wood in the rough exports from India, accounting for a 89% share of total exports. Moreover, coniferous wood in the rough exports to the United Arab Emirates exceeded the volume sent to the second major destination, Belgium (X cubic meters), more than tenfold. The third position in this ranking was taken by Australia (X cubic meters), with a 0.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled -22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.7% per year) and Australia (-53.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for coniferous wood in the rough exports from India, comprising 88% of total exports. The second position in the ranking was held by Belgium ($X), with a 6.2% share of total exports. It was followed by Qatar, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+22.9% per year) and Qatar (-12.8% per year).

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2022, with an increase of 2.6% against the previous year. Over the period under review, the export price posted a significant increase. The growth pace was the most rapid in 2017 an increase of 188% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per cubic meter), while the average price for exports to Belgium ($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 Qatar (+53.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coniferous Wood In The Rough

Imports into India

After four years of growth, overseas purchases of coniferous wood in the rough decreased by -1.5% to X cubic meters in 2022. Overall, imports faced a dramatic downturn. The growth pace was the most rapid in 2014 when imports increased by 24%. As a result, imports reached the peak of X cubic meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, coniferous wood in the rough imports reduced modestly to $X in 2022. Over the period under review, imports saw a dramatic setback. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. Over the period under review, coniferous wood in rough imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X cubic meters) was the main supplier of coniferous wood in the rough to India, accounting for a 93% share of total imports. Moreover, coniferous wood in the rough imports from New Zealand exceeded the figures recorded by the second-largest supplier, Malaysia (X cubic meters), more than tenfold. Australia (X cubic meters) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to -35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-32.5% per year) and Australia (-32.6% per year).

In value terms, New Zealand ($X) constituted the largest supplier of coniferous wood in the rough to India, comprising 86% of total imports. The second position in the ranking was held by Australia ($X), with a 7.4% share of total imports. It was followed by Germany, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand amounted to -36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-20.5% per year) and Germany (-44.1% per year).

Import Prices by Country

In 2022, the average import price for coniferous wood in the rough amounted to $X per cubic meter, standing approx. at the previous year. In general, the import price saw a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 15%. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Australia ($X per cubic meter), while the price for Malaysia ($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 Australia (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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