Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand - 2022
Contents:
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand (CIF) - 2022
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand (FOB) - 2022
- Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand
- Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand (CIF) - 2022
The average import price for wood stood at $7.8 per cubic meter in 2022, growing by 11% against the previous year. Overall, import price indicated a buoyant increase from 2017 to 2022: its price increased at an average annual rate of +11.1% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood increased by +88.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
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 Vietnam ($30 per cubic meter), while the price for Singapore ($2.7 per cubic meter) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+103.2%), 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 Thailand (FOB) - 2022
In 2021, the average export price for wood amounted to $16 per cubic meter, with a decrease of -14.2% against the previous year. Over the period under review, the export price faced a sharp decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 30%. The export price peaked at $131 per cubic meter in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($11 per cubic meter), while the average price for exports to Lao People's Democratic Republic totaled $9.9 per cubic meter.
From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (-17.6%).
Imports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand
In 2022, purchases abroad of wood decreased by -98.1% to 3.1K cubic meters for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports reached the peak of 167K cubic meters, and then dropped sharply in the following year.
In value terms, imports of wood shrank dramatically to $24K in 2022. Over the period under review, imports showed a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 80%. As a result, imports reached the peak of $1.2M, and then declined significantly in the following year.
| Import of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 67.8 | 175 | 244 | 12.4 | -43.2% |
| Singapore | 122 | 36.7 | 27.7 | 3.1 | -70.6% |
| Vietnam | 4.4 | 26.5 | 31.3 | 1.6 | -28.6% |
| Australia | N/A | 314 | 681 | 0.7 | -95.3% |
| Lao People's Democratic Republic | 100 | N/A | 0.7 | N/A | -91.6% |
| Others | 79.3 | 99.2 | 188 | 6.5 | -56.6% |
| Total | 374 | 651 | 1,172 | 24.4 | -59.7% |
Top Suppliers of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated to Thailand in 2022:
- Malaysia (1731.0 cubic meters)
- Singapore (1159.0 cubic meters)
- Australia (101.0 cubic meters)
- Vietnam (53.0 cubic meters)
Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand
After two years of growth, overseas shipments of wood decreased by -78.6% to 406 cubic meters in 2021. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of 1.9K cubic meters, and then fell significantly in the following year.
In value terms, exports of wood dropped notably to $6.4K in 2021. Overall, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. As a result, the exports attained the peak of $35K, and then fell dramatically in the following year.
| Export of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Korea | 1.0 | 34.3 | 4.2 | 104.9% | |
| Lao People's Democratic Republic | 21.2 | 0.5 | 0.1 | -93.1% | |
| Others | 0.9 | N/A | 2.1 | 52.8% | |
| Total | 23.2 | 34.8 | 6.4 | -47.5% | |
Top Export Markets for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated from Thailand in 2022:
- South Korea (387.0 cubic meters)
- Lao People's Democratic Republic (11.0 cubic meters)
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