Malaysia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Malaysia

The Malaysian coniferous roundwood market surged to $X in 2022, with an increase of 282% against the previous year. Over the period under review, consumption, however, saw a noticeable setback. Coniferous roundwood consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Coniferous Roundwood Production in Malaysia

In value terms, coniferous roundwood production dropped slightly to $X in 2022 estimated in export price. In general, production, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. Coniferous roundwood production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from Malaysia

In 2022, shipments abroad of roundwood (coniferous) increased by 30% to X cubic meters, rising for the second year in a row after two years of decline. Overall, exports, however, faced a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 826% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coniferous roundwood exports surged to $X in 2022. In general, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 400% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X cubic meters) was the main destination for coniferous roundwood exports from Malaysia, with a 51% share of total exports. Moreover, coniferous roundwood exports to China exceeded the volume sent to the second major destination, Japan (X cubic meters), twofold. The third position in this ranking was held by Taiwan (Chinese) (X cubic meters), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-9.7% per year) and Taiwan (Chinese) (-27.8% per year).

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

From 2012 to 2022, the average annual growth rate of value to China stood at -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-23.8% per year) and Japan (-6.5% per year).

Export Prices by Country

In 2022, the average coniferous roundwood export price amounted to $X per cubic meter, increasing by 88% against the previous year. In general, the export price recorded a strong expansion. The export price peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to the United Arab Emirates ($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 China (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Malaysia

In 2022, imports of roundwood (coniferous) into Malaysia soared to X cubic meters, with an increase of 43% on 2021 figures. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,196%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, coniferous roundwood imports reduced to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 889% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X cubic meters) constituted the largest coniferous roundwood supplier to Malaysia, with a 68% share of total imports. Moreover, coniferous roundwood imports from New Zealand exceeded the figures recorded by the second-largest supplier, South Africa (X cubic meters), fourfold. The third position in this ranking was taken by Australia (X cubic meters), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand stood at +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+70.6% per year) and Australia (-1.7% per year).

In value terms, New Zealand ($X) constituted the largest supplier of roundwood (coniferous) to Malaysia, comprising 59% of total imports. The second position in the ranking was held by Australia ($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 rate of growth in terms of value from New Zealand amounted to +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+4.8% per year) and South Africa (-66.8% per year).

Import Prices by Country

The average coniferous roundwood import price stood at $X per cubic meter in 2022, falling by -37.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 72% against the previous year. As a result, import price attained the peak level of $X per cubic meter, and then shrank remarkably 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 Australia ($X per cubic meter), while the price for the United States ($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 (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :