Japan: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Japan

In 2022, the Japanese sawnwood (coniferous) market increased by 40% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Sawnwood (Coniferous) Production in Japan

In value terms, sawnwood (coniferous) production declined significantly to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 49%. As a result, production attained the peak level of $X, and then declined significantly in the following year.

Sawnwood (Coniferous) Exports

Exports from Japan

Sawnwood (coniferous) exports from Japan dropped sharply to X cubic meters in 2022, declining by -67% compared with the previous year. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 114% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports contracted significantly to $X in 2022. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of 106% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined significantly in the following year.

Exports by Country

The United States (X cubic meters), the Philippines (X cubic meters) and China (X cubic meters) were the main destinations of sawnwood (coniferous) exports from Japan, with a combined 82% 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 the United States (with a CAGR of +99.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Philippines ($X) and China ($X) appeared to be the largest markets for sawnwood (coniferous) exported from Japan worldwide, together comprising 82% of total exports.

The United States, with a CAGR of +115.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, rising by 5.3% against the previous year. In general, the export price showed a strong increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 46%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per cubic meter) and South Korea ($X per cubic meter), while the average price for exports to Indonesia ($X per cubic meter) and China ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Japan

In 2022, overseas purchases of sawnwood (coniferous) increased by 186% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) imports surged to $X in 2022. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X cubic meters), Sweden (X cubic meters) and Russia (X cubic meters) were the main suppliers of sawnwood (coniferous) imports to Japan, together accounting for 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (coniferous) suppliers to Japan were Sweden ($X), Finland ($X) and Russia ($X), with a combined 59% share of total imports.

Sweden, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, increasing by 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Chile ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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