Southern Asia: Densified Wood Market 2025

Densified Wood Market Size in Southern Asia

The South Asian densified wood market fell to $X in 2022, which is down by -5.6% against the previous year. Overall, consumption recorded a mild decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Densified Wood Production in Southern Asia

In value terms, densified wood production shrank to $X in 2022 estimated in export price. In general, production showed a perceptible slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Densified Wood Exports

Exports in Southern Asia

In 2022, densified wood exports in Southern Asia skyrocketed to X tons, picking up by 147% against the previous year's figure. In general, exports saw a mild increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, densified wood exports surged to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 59% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sri Lanka was the major exporter of densified wood in Southern Asia, with the volume of exports accounting for X tons, which was near 68% of total exports in 2022. It was distantly followed by India (X tons), committing a 28% share of total exports. The following exporters - Pakistan (X tons) and Bangladesh (X tons) - each reached a 4.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to densified wood exports from Sri Lanka stood at +18.5%. At the same time, Bangladesh (+20.6%) and Pakistan (+14.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +20.6% from 2012-2022. By contrast, India (-9.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sri Lanka, Bangladesh and Pakistan increased by +53, +1.7 and +1.6 percentage points, respectively.

In value terms, India ($X) remains the largest densified wood supplier in Southern Asia, comprising 71% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 24% share of total exports. It was followed by Bangladesh, with a 3.1% share.

In India, densified wood exports contracted by an average annual rate of -8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (-6.8% per year) and Bangladesh (+11.2% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, reducing by -52.4% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2013 an increase of 53% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the other leaders experienced a decline in the export price figures.

Densified Wood Imports

Imports in Southern Asia

In 2022, purchases abroad of densified wood increased by 19% to X tons, rising for the second consecutive year after four years of decline. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 27%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, densified wood imports surged to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the main importer of densified wood, achieving 47% of total imports. Afghanistan (X tons) ranks second in terms of the total imports with a 23% share, followed by Pakistan (14%), Maldives (7.4%) and Bangladesh (6.5%).

India experienced a relatively flat trend pattern with regard to volume of imports of densified wood. At the same time, Maldives (+46.7%), Afghanistan (+36.2%) and Bangladesh (+23.9%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +46.7% from 2012-2022. Pakistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Afghanistan, Maldives and Bangladesh increased by +22, +7.2 and +5.4 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported densified wood in Southern Asia, comprising 59% of total imports. The second position in the ranking was held by Pakistan ($X), with a 15% share of total imports. It was followed by Bangladesh, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to -1.2%. In the other countries, the average annual rates were as follows: Pakistan (+8.1% per year) and Bangladesh (+37.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+11.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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