South-Eastern Asia: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in South-Eastern Asia

In 2022, the Southeast Asian sawnwood (non-coniferous) market increased by 0.7% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption recorded a perceptible decline. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Sawnwood (Non-Coniferous) Production in South-Eastern Asia

In value terms, sawnwood (non-coniferous) production shrank modestly to $X in 2022 estimated in export price. In general, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of 10%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports in South-Eastern Asia

In 2022, the amount of sawnwood (non-coniferous) exported in South-Eastern Asia reduced to X cubic meters, shrinking by -7.3% against 2021 figures. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 87%. As a result, the exports attained the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, sawnwood (non-coniferous) exports shrank to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 19% 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 stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X cubic meters) represented the major exporter of sawnwood (non-coniferous), comprising 64% of total exports. Malaysia (X cubic meters) took the second position in the ranking, distantly followed by Indonesia (X cubic meters). All these countries together held approx. 27% share of total exports. The following exporters - Myanmar (X cubic meters), Vietnam (X cubic meters) and Lao People's Democratic Republic (X cubic meters) - together made up 7.8% of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of sawnwood (non-coniferous). At the same time, Indonesia (+15.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +15.7% from 2012-2022. Myanmar experienced a relatively flat trend pattern. By contrast, Vietnam (-3.4%), Malaysia (-8.3%) and Lao People's Democratic Republic (-26.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Indonesia increased by +22 and +7.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

Indonesia, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per cubic meter, therefore, remained relatively stable against the previous year. Over the period under review, the export price enjoyed a pronounced increase. The growth pace was the most rapid in 2018 an increase of 73%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Thailand ($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 Lao People's Democratic Republic (+13.1%), while the other leaders experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports in South-Eastern Asia

In 2022, approx. X cubic meters of sawnwood (non-coniferous) were imported in South-Eastern Asia; surging by 6.6% compared with the previous year's figure. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) imports declined sharply to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 47%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X cubic meters) and the Philippines (X cubic meters) represented the largest importers of sawnwood (non-coniferous) in South-Eastern Asia, together recording approx. 77% of total imports. Thailand (X cubic meters) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (4.9%). Malaysia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, together accounting for 82% of total imports.

The Philippines, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per cubic meter in 2022, shrinking by -23.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 an increase of 38%. Over the period under review, import prices attained the maximum at $X per cubic meter in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while Thailand ($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 Thailand (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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