Southern Asia: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Southern Asia

The South Asian sawnwood (coniferous) market reduced notably to $X in 2022, which is down by -25.2% against the previous year. Overall, consumption, however, saw perceptible growth. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Sawnwood (Coniferous) Production in Southern Asia

In value terms, sawnwood (coniferous) production contracted to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +46.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Sawnwood (Coniferous) Exports

Exports in Southern Asia

In 2022, sawnwood (coniferous) exports in Southern Asia surged to X cubic meters, jumping by 2,127% on the previous year's figure. Over the period under review, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sawnwood (coniferous) exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Sri Lanka (X cubic meters) was the main exporter of sawnwood (coniferous), achieving 69% of total exports. It was distantly followed by India (X cubic meters), creating a 31% share of total exports.

Sri Lanka was also the fastest-growing in terms of the sawnwood (coniferous) exports, with a CAGR of +72.8% from 2012 to 2022. At the same time, India (+3.4%) displayed positive paces of growth. Sri Lanka (+68 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -67.7% from 2012 to 2022, respectively.

In value terms, the largest sawnwood (coniferous) supplying countries in Southern Asia were Sri Lanka ($X) and India ($X).

In terms of the main exporting countries, Sri Lanka, with a CAGR of +82.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per cubic meter in 2022, increasing by 6.5% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (coniferous) export price increased by +102.0% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 29% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while Sri Lanka totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.0%).

Sawnwood (Coniferous) Imports

Imports in Southern Asia

In 2022, sawnwood (coniferous) imports in Southern Asia shrank rapidly to X cubic meters, reducing by -44.1% on the previous year's figure. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 327%. Over the period under review, imports reached the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) imports shrank notably to $X in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 288% against the previous year. The level of import peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

India prevails in imports structure, recording X cubic meters, which was approx. 90% of total imports in 2022. Pakistan (X cubic meters), Bangladesh (X cubic meters) and Sri Lanka (X cubic meters) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +52.0% from 2012 to 2022. At the same time, Sri Lanka (+59.7%), Pakistan (+36.0%) and Bangladesh (+7.3%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +59.7% from 2012-2022. While the share of India (+45 p.p.) and Sri Lanka (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-2 p.p.) and Bangladesh (-43.7 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported sawnwood (coniferous) in Southern Asia, comprising 90% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 4.7% share of total imports. It was followed by Bangladesh, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +52.3%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+41.1% per year) and Bangladesh (+10.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per cubic meter, increasing by 1.8% against the previous year. In general, the import price continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by 35% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per cubic meter), while Sri Lanka ($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 (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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