Thailand: Sawnwood Market 2024

Sawnwood Market Size in Thailand

In 2022, the Thai sawnwood market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Sawnwood Production in Thailand

In value terms, sawnwood production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Sawnwood production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sawnwood Exports

Exports from Thailand

In 2022, shipments abroad of sawnwood increased by X% to X cubic meters, rising for the second year in a row after four years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained 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 exports shrank to $X in 2022. Overall, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

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

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

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

Export Prices by Country

In 2022, the average sawnwood export price amounted to $X per cubic meter, shrinking by X% against the previous year. In general, the export price, however, showed noticeable growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2021, and then reduced notably 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sawnwood Imports

Imports into Thailand

In 2022, after two years of growth, there was decline in supplies from abroad of sawnwood, when their volume decreased by X% to X cubic meters. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sawnwood imports rose markedly to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X cubic meters), New Zealand (X cubic meters) and Brazil (X cubic meters) were the main suppliers of sawnwood imports to Thailand, with a combined X% share of total imports. Malaysia, Chile, Germany, Lithuania, Finland, Canada, Ukraine, Russia, Uruguay and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood suppliers to Thailand were Malaysia ($X), New Zealand ($X) and the United States ($X), with a combined X% share of total imports. Brazil, Chile, Canada, Russia, Uruguay, Finland, Ukraine, Lithuania, Germany and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sawnwood import price amounted to $X per cubic meter, surging by X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked 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 Russia ($X per cubic meter), while the price for Germany ($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 Lao People's Democratic Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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