Malaysia: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Malaysia

In 2022, the Malaysian industrial roundwood (non-coniferous) market increased by 2.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Production in Malaysia

In value terms, industrial roundwood (non-coniferous) production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 61%. Industrial roundwood (non-coniferous) production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Malaysia

In 2022, shipments abroad of industrial roundwood decreased by -45.1% to X cubic meters, falling for the eighth consecutive year after three years of growth. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2013 when exports increased by 98%. Over the period under review, the (non-coniferous) exports reached the peak figure at X cubic meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood (non-coniferous) exports dropped rapidly to $X in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 38%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X cubic meters), Indonesia (X cubic meters) and China (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from Malaysia, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +11.5%), while shipments for the other leaders experienced a decline.

In value terms, India ($X) remains the key foreign market for industrial roundwood exports from Malaysia, comprising 70% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports. It was followed by Japan, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to India stood at -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+19.4% per year) and Japan (-15.0% per year).

Export Prices by Country

The average industrial roundwood (non-coniferous) export price stood at $X per cubic meter in 2022, increasing by 42% against the previous year. In general, the export price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to China ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Malaysia

In 2022, overseas purchases of industrial roundwood increased by 17% to X cubic meters, rising for the fifth consecutive year after five years of decline. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 373% against the previous year. Over the period under review, (non-coniferous) imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial roundwood (non-coniferous) imports fell slightly to $X in 2022. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 262% against the previous year. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, Australia (X cubic meters) constituted the largest supplier of industrial roundwood (non-coniferous) to Malaysia, accounting for a 88% share of total imports. Moreover, industrial roundwood (non-coniferous) imports from Australia exceeded the figures recorded by the second-largest supplier, Papua New Guinea (X cubic meters), more than tenfold. The third position in this ranking was taken by Uruguay (X cubic meters), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled +89.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Papua New Guinea (+11.3% per year) and Uruguay (+36.1% per year).

In value terms, Australia ($X) constituted the largest supplier of industrial roundwood to Malaysia, comprising 71% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a 16% share of total imports. It was followed by Uruguay, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at +67.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Papua New Guinea (+14.3% per year) and Uruguay (+41.3% per year).

Import Prices by Country

In 2022, the average industrial roundwood (non-coniferous) import price amounted to $X per cubic meter, falling by -16.7% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of 20%. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Papua New Guinea ($X per cubic meter), while the price for Australia ($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 Uruguay (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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