Price for Wood; Posts and Beams in India - 2022

Contents:

1. Price for Wood; Posts and Beams in India (CIF) - 2022
2. Price for Wood; Posts and Beams in India (FOB) - 2022
3. Imports of Wood; Posts and Beams in India
4. Exports of Wood; Posts and Beams in India

Price for Wood; Posts and Beams in India (CIF) - 2022

In February 2022, the average wood; posts and beams import price amounted to $1,807 per ton, therefore, remained relatively stable against the previous month. In general, the import price enjoyed a prominent increase. The growth pace was the most rapid in March 2021 an increase of 115% against the previous month. The import price peaked at $2,065 per ton in November 2021; however, from December 2021 to February 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From February 2021 to February 2022, the rate of growth in terms of prices for Slovakia amounted to +5.4% per month.

Price for Wood; Posts and Beams in India (FOB) - 2022

The average wood; posts and beams export price stood at $2,778 per ton in 2022, falling by -2.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18%. The export price peaked at $2,880 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($5,596 per ton), while the average price for exports to Bahrain ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+172.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood; Posts and Beams in India

After three years of growth, purchases abroad of wood; posts and beamses decreased by -19.2% to 1.4K tons in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of 1.7K tons, and then dropped significantly in the following year.

In value terms, wood; posts and beams imports plummeted to $1.8M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of $2.4M, and then dropped remarkably in the following year.

Top Suppliers of Wood; Posts and Beams to India in 2022:

1. Slovakia (367.9 tons)
2. Russia (256.0 tons)
3. China (148.8 tons)
4. Austria (82.9 tons)
5. South Korea (20.0 tons)
6. Germany (19.2 tons)

Exports of Wood; Posts and Beams in India

In 2022, shipments abroad of wood; posts and beamses was finally on the rise to reach 1.7 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt decline.

In value terms, wood; posts and beams exports expanded modestly to $4.6K in 2022. Over the period under review, exports, however, continue to indicate a noticeable slump.

Top Export Markets for Wood; Posts and Beams from India in 2022:

1. Nepal (1411.0 kg)
2. Malaysia (57.0 kg)
3. Saudi Arabia (49.0 kg)
4. Egypt (24.0 kg)
5. Thailand (22.0 kg)

Source: IndexBox Market Intelligence Platform