Indonesia: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Indonesia

The Indonesian market for coniferous wood in the rough soared to $X in 2022, rising by 1,650% against the previous year. Over the period under review, consumption, however, showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Coniferous Wood In The Rough in Indonesia

In value terms, coniferous wood in the rough production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 35% against the previous year. 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 Indonesia

In 2022, shipments abroad of coniferous wood in the rough increased by 15% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 682%. Over the period under review, the coniferous wood in rough exports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough exports amounted to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 687%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X cubic meters) was the main destination for coniferous wood in the rough exports from Indonesia, with a 97% share of total exports. It was followed by the United Arab Emirates (X cubic meters), with a 1.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-16.4% per year) and Taiwan (Chinese) (-10.2% per year).

In value terms, the United States ($X) remains the key foreign market for coniferous wood in the rough exports from Indonesia, comprising 98% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-19.2% per year) and the United Arab Emirates (-38.6% per year).

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2022, falling by -12.5% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 53%. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to the United Arab Emirates ($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 Taiwan (Chinese) (-10.0%), while the prices for the other major destinations experienced a decline.

Imports of Coniferous Wood In The Rough

Imports into Indonesia

In 2022, purchases abroad of coniferous wood in the rough was finally on the rise to reach X cubic meters for the first time since 2014, thus ending a seven-year declining trend. Overall, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 127% against the previous year. As a result, imports reached the peak of X cubic meters. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coniferous wood in the rough imports rose slightly to $X in 2022. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 109%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Canada (X cubic meters), Malaysia (X cubic meters) and the United States (X cubic meters) were the main suppliers of coniferous wood in the rough imports to Indonesia, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of -10.2%), while imports for the other leaders experienced a decline.

In value terms, Canada ($X) constituted the largest supplier of coniferous wood in the rough to Indonesia, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.4% per year) and Malaysia (-3.6% per year).

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2022, declining by -3.7% against the previous year. In general, the import price, however, recorded prominent growth. The pace of growth was the most pronounced in 2015 an increase of 67% against the previous year. The import price peaked at $X per cubic meter in 2021, and then reduced slightly in the following year.

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 ($X per cubic meter), while the price for New Zealand ($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 Malaysia (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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