Asia: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in Asia

In 2021, after three years of growth, there was decline in the Asian market for coniferous wood in the rough, when its value decreased by -2.1% to $X. Over the period under review, consumption recorded a pronounced decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Coniferous Wood In The Rough in Asia

In value terms, coniferous wood in the rough production contracted to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.0% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 16%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Coniferous Wood In The Rough

Exports in Asia

In 2021, overseas shipments of coniferous wood in the rough increased by 1.1% to X cubic meters, rising for the third consecutive year after three years of decline. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2014 with an increase of 79% against the previous year. Over the period under review, the coniferous wood in rough exports reached the maximum at X cubic meters in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, coniferous wood in the rough exports expanded rapidly to $X in 2021. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 70%. Over the period under review, the coniferous wood in rough exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Japan (X cubic meters) was the largest exporter of coniferous wood in the rough, making up 68% of total exports. Democratic People's Republic of Korea (X cubic meters) held the second position in the ranking, distantly followed by Lao People's Democratic Republic (X cubic meters). All these countries together took near 30% share of total exports.

Exports from Japan increased at an average annual rate of +16.8% from 2012 to 2021. At the same time, Democratic People's Republic of Korea (+35.8%) and Lao People's Democratic Republic (+23.9%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +35.8% from 2012-2021. Japan (+20 p.p.), Democratic People's Republic of Korea (+16 p.p.) and Lao People's Democratic Republic (+6.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Lao People's Democratic Republic ($X) and Democratic People's Republic of Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Lao People's Democratic Republic, with a CAGR of +47.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per cubic meter, picking up by 6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2015 an increase of 8.6% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Lao People's Democratic Republic ($X per cubic meter), while Democratic People's Republic of Korea ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+18.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Coniferous Wood In The Rough

Imports in Asia

Coniferous wood in the rough imports reduced to X cubic meters in 2021, dropping by -5.8% compared with the year before. In general, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 23%. Over the period under review, coniferous wood in rough imports hit record highs at X cubic meters in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, coniferous wood in the rough imports fell to $X in 2021. Overall, imports faced a significant contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 30% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan dominates imports structure, resulting at X cubic meters, which was approx. 88% of total imports in 2021. Kazakhstan (X cubic meters), Turkey (X cubic meters) and Bangladesh (X cubic meters) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to coniferous wood in the rough imports into Japan stood at -4.1%. At the same time, Bangladesh (+16.9%) and Kazakhstan (+1.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +16.9% from 2012-2021. By contrast, Turkey (-20.0%) illustrated a downward trend over the same period. Japan (+74 p.p.), Kazakhstan (+3 p.p.) and Bangladesh (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported coniferous wood in the rough in Asia, comprising 88% of total imports. The second position in the ranking was taken by Turkey ($X), with a 2.1% share of total imports. It was followed by Bangladesh, with a 1% share.

From 2012 to 2021, the average annual growth rate of value in Japan stood at -6.3%. In the other countries, the average annual rates were as follows: Turkey (-19.4% per year) and Bangladesh (+8.1% per year).

Import Prices by Country

The import price in Asia stood at $X per cubic meter in 2021, remaining constant against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2016 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per cubic meter), while Kazakhstan ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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