Malaysia: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in Malaysia

The Malaysian market for coniferous wood in the rough was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, recorded a pronounced descent. Over the period under review, the market attained the maximum 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 Malaysia

In value terms, coniferous wood in the rough production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61%. Over the period under review, coniferous wood in rough production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports from Malaysia

In 2022, after three years of growth, there was significant decline in shipments abroad of coniferous wood in the rough, when their volume decreased by -8.2% to X cubic meters. In general, exports saw a precipitous descent. The growth pace was the most rapid in 2019 with an increase of 20% against the previous year. Over the period under review, the coniferous wood in rough exports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coniferous wood in the rough exports expanded significantly to $X in 2022. Over the period under review, exports saw a sharp downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X cubic meters), Taiwan (Chinese) (X cubic meters) and South Korea (X cubic meters) were the main destinations of coniferous wood in the rough exports from Malaysia, together comprising 74% of total exports. These countries were followed by China, Japan, India, Mauritius and Vietnam, which together accounted for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of -21.4%), while the other leaders experienced a decline.

In value terms, Indonesia ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the largest markets for coniferous wood in the rough exported from Malaysia worldwide, together accounting for 70% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of -15.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for coniferous wood in the rough amounted to $X per cubic meter, surging by 21% against the previous year. Overall, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 71% against the previous year. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 China ($X per cubic meter), while the average price for exports to India ($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 Indonesia (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coniferous Wood In The Rough

Imports into Malaysia

In 2022, imports of coniferous wood in the rough into Malaysia amounted to X cubic meters, leveling off at 2021 figures. Overall, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2013 with an increase of 212% against the previous year. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports totaled $X in 2022. Over the period under review, imports faced a dramatic decline. The pace of growth was the most pronounced in 2013 when imports increased by 161%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of coniferous wood in the rough to Malaysia, accounting for a approx. 83% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -27.0%.

In value terms, the United States ($X) constituted the largest supplier of coniferous wood in the rough to Malaysia, comprising 95% of total imports. The second position in the ranking was taken by Australia ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-64.1% per year) and New Zealand (-59.4% per year).

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2022, approximately mirroring the previous year. Overall, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for New Zealand ($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 Latvia (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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