Thailand: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Thailand

In 2020, the Thai wood fuel (non-coniferous) market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Overall, consumption continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X, and then declined in the following year.

Wood Fuel (Non-Coniferous) Production in Thailand

In value terms, wood fuel (non-coniferous) production reduced to $X in 2020 estimated in export prices. Over the period under review, the total production indicated modest growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, production reached the peak level of $X, and then contracted in the following year.

Wood Fuel (Non-Coniferous) Exports

Exports from Thailand

In 2020, approx. X cubic meters of wood fuel (non-coniferous) were exported from Thailand; increasing by X% compared with the year before. Over the period under review, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X cubic meters in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports totaled $X in 2020. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Japan (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from Thailand, accounting for a X% share of total exports. Moreover, wood fuel (non-coniferous) exports to Japan exceeded the volume sent to the second major destination, South Korea (X cubic meters), sixfold. The third position in this ranking was occupied by China (X cubic meters), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and China (-X% per year).

In value terms, Japan ($X) remains the key foreign market for wood fuel (non-coniferous) exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, falling by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. As a result, export price attained the peak level of $X per cubic meter, and then shrank sharply in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per cubic meter), while the average price for exports to South Korea ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Wood Fuel (Non-Coniferous) Imports

Imports into Thailand

In 2020, supplies from abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X cubic meters. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) imports declined notably to $X in 2020. Overall, imports saw a pronounced setback. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Lao People's Democratic Republic (X cubic meters), China (X cubic meters) and Namibia (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to Thailand, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Namibia, while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wood fuel (non-coniferous) suppliers to Thailand were Lao People's Democratic Republic ($X), China ($X) and Malaysia ($X), with a combined X% share of total imports. These countries were followed by Myanmar, New Zealand and Namibia, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, remaining stable against the previous year. Overall, import price indicated a mild increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood fuel (non-coniferous) import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per cubic meter. from 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Myanmar ($X per cubic meter), while the price for Namibia ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform