Malaysia: Roundwood Market 2024

Roundwood Market Size in Malaysia

In 2022, the Malaysian roundwood market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a perceptible decline. Roundwood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Roundwood Production in Malaysia

In value terms, roundwood production contracted slightly to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Malaysia

In 2022, overseas shipments of roundwood decreased by X% to X cubic meters, falling for the eighth consecutive year after three years of growth. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, roundwood exports dropped rapidly to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X cubic meters) was the main destination for roundwood exports from Malaysia, accounting for a X% share of total exports. Moreover, roundwood exports to India exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), more than tenfold. Japan (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

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

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

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per cubic meter) and India ($X per cubic meter), while the average price for exports to Japan ($X per cubic meter) and Taiwan (Chinese) ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Roundwood Imports

Imports into Malaysia

In 2022, after four years of growth, there was significant decline in purchases abroad of roundwood, when their volume decreased by X% to X cubic meters. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2021, and then fell in the following year.

In value terms, roundwood imports expanded modestly to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

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

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

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

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

Import Prices by Country

In 2022, the average roundwood import price amounted to $X per cubic meter, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Papua New Guinea ($X per cubic meter) and the United States ($X per cubic meter), while the price for Uruguay ($X per cubic meter) and Australia ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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