Thailand: Sawnwood (Non-Coniferous) Market 2025

Sawnwood (Non-Coniferous) Market Size in Thailand

In 2022, the Thai sawnwood (non-coniferous) market decreased by -11.7% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a mild reduction. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sawnwood (Non-Coniferous) Production in Thailand

In value terms, sawnwood (non-coniferous) production expanded notably to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The growth pace was the most rapid in 2016 with an increase of 457% against the previous year. Sawnwood (non-coniferous) production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Sawnwood (Non-Coniferous) Exports

Exports from Thailand

In 2022, overseas shipments of sawnwood (non-coniferous) increased by 12% to X cubic meters, rising for the second year in a row after four years of decline. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 122%. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports fell to $X in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.0% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 34%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from Thailand, with a 95% share of total exports. It was followed by Malaysia (X cubic meters), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-5.4% per year) and Vietnam (+27.1% per year).

In value terms, China ($X) remains the key foreign market for sawnwood (non-coniferous) exports from Thailand, comprising 96% of total exports. The second position in the ranking was held by Vietnam ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+25.3% per year) and Malaysia (-3.4% per year).

Export Prices by Country

The average sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, shrinking by -15.5% against the previous year. Over the period under review, the export price, however, showed a perceptible increase. The pace of growth was the most pronounced in 2017 an increase of 90% against the previous year. The export price peaked at $X per cubic meter in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Sawnwood (Non-Coniferous) Imports

Imports into Thailand

In 2022, purchases abroad of sawnwood (non-coniferous) decreased by -12.6% to X cubic meters, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 21% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports amounted to $X in 2022. Over the period under review, imports saw a abrupt decrease. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X cubic meters), Malaysia (X cubic meters) and Germany (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Thailand, with a combined 87% share of total imports. Lao People's Democratic Republic and China lagged somewhat behind, together comprising a further 5.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest sawnwood (non-coniferous) suppliers to Thailand were Malaysia ($X), the United States ($X) and China ($X), with a combined 75% share of total imports.

Among the main suppliers, China, with a CAGR of +17.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, surging by 18% against the previous year. Overall, the import price showed a resilient expansion. The growth pace was the most rapid in 2016 when the average import price increased by 95%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Germany ($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 Central African Republic (+178.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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