Thailand: Chipped Coniferous Wood Market 2020

Chipped Coniferous Wood Market Size in Thailand

The revenue of the chipped coniferous wood market in Thailand amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, the chipped coniferous wood market attained its peak level and is likely to continue its growth in the immediate term.

Chipped Coniferous Wood Production in Thailand

In value terms, chipped coniferous wood production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped coniferous wood production increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2010 when production volume increased by X% against the previous year. Chipped coniferous wood production peaked in 2018 and is expected to retain its growth in the immediate term.

Chipped Coniferous Wood Exports

Exports from Thailand

In 2018, approx. X kg of coniferous wood in chips or particles were exported from Thailand; lowering by -X% against the previous year. Overall, chipped coniferous wood exports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, chipped coniferous wood exports attained their maximum at X tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, chipped coniferous wood exports amounted to $X in 2018. Over the period under review, chipped coniferous wood exports continue to indicate a drastic setback. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, chipped coniferous wood exports reached their peak figure at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for chipped coniferous wood exports from Thailand, accounting for a X% share of total exports. Moreover, chipped coniferous wood exports to China exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Singapore (+X% per year).

In value terms, China ($X) remains the key foreign market for chipped coniferous wood exports from Thailand, comprising X% of total chipped coniferous wood exports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Singapore (-X% per year).

Export Prices by Country

In 2018, the average chipped coniferous wood export price amounted to $X per ton, going down by -X% against the previous year. Over the period under review, the chipped coniferous wood export price continues to indicate an abrupt drop. The pace of growth was the most pronounced in 2008 when the average export price increased by X% year-to-year. In that year, the average export prices for coniferous wood in chips or particles attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for coniferous wood in chips or particles failed to regain its momentum.

Average prices varied noticeably for the major foreign markets. In 2018, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic, while the prices for the other major destinations experienced a decline.

Chipped Coniferous Wood Imports

Imports into Thailand

Chipped coniferous wood imports into Thailand stood at X tons in 2018, dropping by -X% against the previous year. In general, chipped coniferous wood imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked at X tons in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

In value terms, chipped coniferous wood imports amounted to $X in 2018. Over the period under review, chipped coniferous wood imports, however, continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, chipped coniferous wood imports reached their peak of $X. From 2009 to 2018, the growth of chipped coniferous wood imports remained at a somewhat lower figure.

Imports by Country

In 2018, Singapore (X tons) constituted the largest supplier of chipped coniferous wood to Thailand, accounting for a X% share of total imports. Moreover, chipped coniferous wood imports from Singapore exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Singapore amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and China (+X% per year).

In value terms, the largest chipped coniferous wood suppliers to Thailand were Germany ($X), China ($X) and Taiwan, Chinese ($X), together accounting for X% of total imports.

In terms of the main suppliers, Taiwan, Chinese (+X% per year) recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average chipped coniferous wood import price amounted to $X per ton, going up by X% against the previous year. Overall, the chipped coniferous wood import price continues to indicate an extraordinary expansion. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. In that year, the average import prices for coniferous wood in chips or particles attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for coniferous wood in chips or particles failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Taiwan, Chinese ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform