South Africa: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in South Africa

The South African market for coniferous wood in the rough rose slightly to $X in 2022, surging by 2.9% against the previous year. Over the period under review, consumption saw a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Coniferous Wood In The Rough in South Africa

In value terms, coniferous wood in the rough production rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of 15%. Coniferous wood in the rough production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Coniferous Wood In The Rough

Exports from South Africa

In 2016, shipments abroad of coniferous wood in the rough decreased by -32.4% to X cubic meters, falling for the second year in a row after three years of growth. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 283%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports fell markedly to $X in 2016. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 311% against the previous year. Over the period under review, the coniferous wood in rough exports hit record highs at $X in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

Exports by Country

Tanzania (X cubic meters), Mauritius (X cubic meters) and Vietnam (X cubic meters) were the main destinations of coniferous wood in the rough exports from South Africa, with a combined 61% share of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +295.1%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Mauritius ($X) and Vietnam ($X) were the largest markets for coniferous wood in the rough exported from South Africa worldwide, with a combined 59% share of total exports.

Tanzania, with a CAGR of +169.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2016, the average export price for coniferous wood in the rough amounted to $X per cubic meter, waning by -6.8% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 7.2% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2016, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2016, amid the top suppliers, the highest price was recorded for prices to Seychelles ($X per cubic meter) and Mauritius ($X per cubic meter), while the average price for exports to Botswana ($X per cubic meter) and the UK ($X per cubic meter) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.4%), while the prices for the other major destinations experienced a decline.

Imports of Coniferous Wood In The Rough

Imports into South Africa

In 2016, approx. X cubic meters of coniferous wood in the rough were imported into South Africa; waning by -33.1% on the previous year's figure. Overall, total imports indicated prominent growth from 2012 to 2016: its volume increased at an average annual rate of +6.9% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by +30.6% against 2012 indices. The pace of growth was the most pronounced in 2015 with an increase of 69% against the previous year. As a result, imports attained the peak of X cubic meters, and then dropped notably in the following year.

In value terms, coniferous wood in the rough imports declined to $X in 2016. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 10%. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports failed to regain momentum.

Imports by Country

In 2016, the United States (X cubic meters) constituted the largest coniferous wood in the rough supplier to South Africa, accounting for a 59% share of total imports. Moreover, coniferous wood in the rough imports from the United States exceeded the figures recorded by the second-largest supplier, Swaziland (X cubic meters), twofold. The third position in this ranking was taken by Zimbabwe (X cubic meters), with a 4.5% share.

From 2012 to 2016, the average annual growth rate of volume from the United States amounted to +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (+143.7% per year) and Zimbabwe (-11.4% per year).

In value terms, the United States ($X), Swaziland ($X) and Zambia ($X) constituted the largest coniferous wood in the rough suppliers to South Africa, with a combined 93% share of total imports.

Swaziland, with a CAGR of +133.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2016, the average import price for coniferous wood in the rough amounted to $X per cubic meter, jumping by 37% against the previous year. In general, the import price, however, saw a deep slump. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2016, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Namibia ($X per cubic meter), while the price for Zimbabwe ($X per cubic meter) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Namibia (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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