Malaysia: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in Malaysia

The Malaysian industrial roundwood (coniferous) market skyrocketed to $X in 2022, with an increase of 369% against the previous year. Over the period under review, consumption enjoyed significant growth. 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.

Industrial Roundwood (Coniferous) Production in Malaysia

In value terms, industrial roundwood (coniferous) production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood (Coniferous) Exports

Exports from Malaysia

In 2022, overseas shipments of industrial roundwood (coniferous) decreased by -21.6% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2018 when exports increased by 76%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood (coniferous) exports shrank sharply to $X in 2022. Over the period under review, exports faced a significant decline. The growth pace was the most rapid in 2018 when exports increased by 55%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood (coniferous) exports from Malaysia, accounting for a 66% share of total exports. Moreover, industrial roundwood (coniferous) exports to China exceeded the volume sent to the second major destination, Japan (X cubic meters), twofold. Taiwan (Chinese) (X cubic meters) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-13.5% per year) and Taiwan (Chinese) (-40.6% per year).

In value terms, China ($X) emerged as the key foreign market for industrial roundwood (coniferous) exports from Malaysia, comprising 69% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-34.2% per year) and Japan (-19.4% per year).

Export Prices by Country

In 2022, the average industrial roundwood (coniferous) export price amounted to $X per cubic meter, increasing by 2.7% against the previous year. Overall, the export price posted slight growth. The growth pace was the most rapid in 2016 when the average export price increased by 47%. The export price peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 the Philippines ($X per cubic meter), while the average price for exports to Japan ($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) (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Coniferous) Imports

Imports into Malaysia

Industrial roundwood (coniferous) imports into Malaysia skyrocketed to X cubic meters in 2022, jumping by 803% on the previous year. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,147%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, industrial roundwood (coniferous) imports surged to $X in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 860% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, New Zealand (X cubic meters) constituted the largest industrial roundwood (coniferous) supplier to Malaysia, accounting for a 77% share of total imports. Moreover, industrial roundwood (coniferous) imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X cubic meters), sixfold. South Africa (X cubic meters) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled +83.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+24.2% per year) and South Africa (+264.2% per year).

In value terms, New Zealand ($X) constituted the largest supplier of industrial roundwood (coniferous) to Malaysia, comprising 59% of total imports. The second position in the ranking was taken by Australia ($X), with a 23% share of total imports. It was followed by South Africa, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand amounted to +70.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+27.7% per year) and South Africa (+137.6% per year).

Import Prices by Country

The average industrial roundwood (coniferous) import price stood at $X per cubic meter in 2022, falling by -29.4% against the previous year. In general, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. The import price peaked at $X per cubic meter in 2019; however, from 2020 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 South Africa ($X per cubic meter), while the price for New Zealand ($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 Australia (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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