Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR - 2022
Contents:
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR (CIF) - 2022
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR (FOB) - 2022
- Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR
- Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR (CIF) - 2022
The average import price for wood stood at $62 per cubic meter in 2022, shrinking by -4.7% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood increased by +31.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 38%. As a result, import price reached the peak level of $65 per cubic meter, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($147 per cubic meter), while the price for China ($37 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for wood amounted to $57 per cubic meter, with a decrease of -23.2% against the previous year. In general, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. As a result, the export price attained the peak level of $75 per cubic meter, and then declined remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Brunei Darussalam.
From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +17.6% per year.
Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR
Imports of wood into Hong Kong SAR reduced slightly to 13K cubic meters in 2022, shrinking by -2.4% compared with 2021 figures. Over the period under review, imports recorded a significant curtailment. Imports peaked at 52K cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of wood reduced to $788K in 2022. In general, imports continue to indicate a dramatic decrease. Over the period under review, imports of attained the maximum at $2.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,732 | 724 | 449 | 272 | -46.0% |
| Germany | 332 | 219 | 205 | 211 | -14.0% |
| China | 342 | 118 | 70.8 | 108 | -31.9% |
| United States | 77.9 | 179 | 21.2 | 67.9 | -4.5% |
| Netherlands | 9.6 | 22.6 | 32.1 | 39.9 | 60.8% |
| Latvia | 22.1 | 21.5 | 17.7 | 18.2 | -6.3% |
| Others | 224 | 52.9 | 50.6 | 71.2 | -31.8% |
| Total | 2,740 | 1,337 | 847 | 788 | -34.0% |
Top Suppliers of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated to Hong Kong SAR in 2022:
- United Kingdom (5.7K cubic meters)
- China (2.9K cubic meters)
- Germany (1.4K cubic meters)
- United States (1.0K cubic meters)
- Netherlands (0.8K cubic meters)
- Latvia (0.3K cubic meters)
Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR
After two years of decline, shipments abroad of wood increased by 33% to 825 cubic meters in 2022. Overall, exports, however, recorded a significant decrease. The exports peaked at 3.9K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of wood totaled $47K in 2022. Over the period under review, exports, however, continue to indicate a sharp curtailment. Over the period under review, the exports of attained the maximum at $173K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 151 | 85.7 | 19.7 | 47.3 | -32.1% |
| India | 16.9 | 6.7 | N/A | N/A | -60.4% |
| Others | 4.4 | N/A | 26.5 | N/A | 145.4% |
| Total | 173 | 92.4 | 46.3 | 47.3 | -35.1% |
Top Export Markets for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated from Hong Kong SAR in 2022:
- Brunei Darussalam (825.0 cubic meters)
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