Southern Asia: Sawnwood (Non-Coniferous) Market 2025

Sawnwood (Non-Coniferous) Market Size in Southern Asia

The South Asian sawnwood (non-coniferous) market fell to $X in 2022, remaining constant against the previous year. In general, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Sawnwood (Non-Coniferous) Production in Southern Asia

In value terms, sawnwood (non-coniferous) production shrank to $X in 2022 estimated in export price. Overall, production recorded moderate growth. The growth pace was the most rapid in 2016 with an increase of 612%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports in Southern Asia

In 2022, approx. X cubic meters of sawnwood (non-coniferous) were exported in Southern Asia; reducing by -43.2% against the previous year's figure. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2013 when exports increased by 13% against the previous year. The volume of export peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sawnwood (non-coniferous) exports dropped markedly to $X in 2022. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 7.6%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X cubic meters) was the largest exporter of sawnwood (non-coniferous), mixing up 80% of total exports. It was distantly followed by Sri Lanka (X cubic meters), mixing up a 17% share of total exports. Pakistan (X cubic meters) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -13.3% from 2012 to 2022. At the same time, Pakistan (+2.7%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +2.7% from 2012-2022. By contrast, Sri Lanka (-8.9%) illustrated a downward trend over the same period. While the share of Sri Lanka (+5.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest sawnwood (non-coniferous) supplier in Southern Asia, comprising 86% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -16.5%. In the other countries, the average annual rates were as follows: Sri Lanka (-8.1% per year) and Pakistan (+13.0% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per cubic meter, jumping by 21% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2021 an increase of 28% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per cubic meter), while Sri Lanka ($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 Pakistan (+10.0%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood (Non-Coniferous) Imports

Imports in Southern Asia

In 2022, imports of sawnwood (non-coniferous) in Southern Asia shrank notably to X cubic meters, which is down by -31.5% compared with 2021. In general, imports, however, recorded a moderate expansion. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sawnwood (non-coniferous) imports reduced remarkably to $X in 2022. Overall, imports, however, saw notable growth. The pace of growth was the most pronounced in 2015 with an increase of 36%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the key importer of sawnwood (non-coniferous) in Southern Asia, with the volume of imports accounting for X cubic meters, which was approx. 77% of total imports in 2022. It was distantly followed by Maldives (X cubic meters) and Pakistan (X cubic meters), together comprising a 17% share of total imports. Bangladesh (X cubic meters) and Sri Lanka (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sawnwood (non-coniferous) imports into India stood at +7.6%. At the same time, Bangladesh (+25.9%) and Maldives (+12.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +25.9% from 2012-2022. By contrast, Pakistan (-11.6%) and Sri Lanka (-14.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Maldives and Bangladesh increased by +24, +6.1 and +3 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported sawnwood (non-coniferous) in Southern Asia, comprising 77% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 9.3% share of total imports. It was followed by Maldives, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-7.5% per year) and Maldives (+8.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per cubic meter in 2022, waning by -5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 15%. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2020; however, from 2021 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 Sri Lanka ($X per cubic meter), while Maldives ($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 Sri Lanka (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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