India: Sawnwood Market 2024

Sawnwood Market Size in India

The Indian sawnwood market contracted slightly to $X in 2022, remaining constant against the previous year. In general, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Sawnwood Production in India

In value terms, sawnwood production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Sawnwood Exports

Exports from India

In 2022, approx. X cubic meters of sawnwood were exported from India; with a decrease of X% compared with 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sawnwood exports dropped to $X in 2022. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X cubic meters), Qatar (X cubic meters) and Australia (X cubic meters) were the main destinations of sawnwood exports from India, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sawnwood exported from India were Kuwait ($X), Qatar ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Australia, Iraq, Oman, Italy, Maldives, the United States, Bahrain, Nepal, Saudi Arabia and Kenya lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sawnwood export price stood at $X per cubic meter in 2022, falling by X% against the previous year. In general, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Kenya ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sawnwood Imports

Imports into India

In 2022, overseas purchases of sawnwood increased by X% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sawnwood imports declined slightly to $X in 2022. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest supplier of sawnwood to India, with a X% share of total imports. Moreover, sawnwood imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X cubic meters), eightfold. The third position in this ranking was taken by the United States (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and the United States (X% per year).

In value terms, Germany ($X) constituted the largest supplier of sawnwood to India, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average sawnwood import price stood at $X per cubic meter in 2022, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood 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 Myanmar ($X per cubic meter), while the price for Germany ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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