Southern Asia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Southern Asia

The South Asian coniferous roundwood market declined to $X in 2022, waning by -6.6% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Coniferous Roundwood Production in Southern Asia

In value terms, coniferous roundwood production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Coniferous Roundwood Exports

Exports in Southern Asia

In 2022, overseas shipments of roundwood (coniferous) increased by 80% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 181% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, coniferous roundwood exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 153% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India was the key exporter of roundwood (coniferous) in Southern Asia, with the volume of exports recording X cubic meters, which was near 73% of total exports in 2022. Afghanistan (X cubic meters) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Sri Lanka (11%).

Exports from India decreased at an average annual rate of -10.0% from 2012 to 2022. At the same time, Sri Lanka (+22.4%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +22.4% from 2012-2022. By contrast, Afghanistan (-15.5%) illustrated a downward trend over the same period. While the share of Afghanistan (+16 p.p.) and Sri Lanka (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-26.7 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest coniferous roundwood supplier in Southern Asia, comprising 80% of total exports. The second position in the ranking was held by Afghanistan ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at -4.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (-10.7% per year) and Sri Lanka (+28.7% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per cubic meter, surging by 9% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by +38.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 36%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per cubic meter), while Afghanistan ($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 India (+6.1%), while the other leaders experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports in Southern Asia

In 2022, approx. X cubic meters of roundwood (coniferous) were imported in Southern Asia; with a decrease of -23.1% compared with 2021. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 323% against the previous year. The volume of import peaked at X cubic meters in 2021, and then reduced dramatically in the following year.

In value terms, coniferous roundwood imports expanded slightly to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 288% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

India dominates imports structure, amounting to X cubic meters, which was approx. 96% of total imports in 2022. The following importers - Pakistan (X cubic meters) and Bangladesh (X cubic meters) - each reached a 3.8% share of total imports.

India was also the fastest-growing in terms of the roundwood (coniferous) imports, with a CAGR of +58.8% from 2012 to 2022. At the same time, Pakistan (+32.3%) and Bangladesh (+6.3%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by +51 percentage points.

In value terms, India ($X) constitutes the largest market for imported roundwood (coniferous) in Southern Asia, comprising 97% of total imports. The second position in the ranking was held by Pakistan ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +62.9%. In the other countries, the average annual rates were as follows: Pakistan (+33.4% per year) and Bangladesh (+7.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per cubic meter in 2022, growing by 34% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood import price increased by +123.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 34%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per cubic meter), while Pakistan ($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 India (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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