Asia: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Asia

In 2022, after six years of growth, there was decline in the Asian industrial roundwood (non-coniferous) market, when its value decreased by -1.2% to $X. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then dropped modestly in the following year.

Industrial Roundwood (Non-Coniferous) Production in Asia

In value terms, industrial roundwood (non-coniferous) production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 1,643%. As a result, production reached the peak level of $X. From 2020 to 2022, (non-coniferous) production growth remained at a somewhat lower figure.

Industrial Roundwood (Non-Coniferous) Exports

Exports in Asia

In 2022, approx. X cubic meters of industrial roundwood were exported in Asia; falling by -49.1% on 2021 figures. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. Over the period under review, the (non-coniferous) exports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) exports contracted significantly to $X in 2022. Overall, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia prevails in exports structure, finishing at X cubic meters, which was near 61% of total exports in 2022. Cambodia (X cubic meters) took a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by India (5.1%) and Lao People's Democratic Republic (4.9%). Myanmar (X cubic meters), Turkey (X cubic meters), Vietnam (X cubic meters), Thailand (X cubic meters) and China (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood (non-coniferous) exports from Malaysia stood at -13.3%. At the same time, Turkey (+51.9%), Lao People's Democratic Republic (+19.7%), Thailand (+18.0%), India (+14.1%), China (+11.9%) and Cambodia (+4.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +51.9% from 2012-2022. By contrast, Vietnam (-25.9%) and Myanmar (-47.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Cambodia, India, Lao People's Democratic Republic, Turkey, Thailand and China increased by +53, +7.6, +5.1, +4.9, +3.8, +2.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest industrial roundwood (non-coniferous) supplier in Asia, comprising 67% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with an 11% share of total exports. It was followed by Cambodia, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at -10.7%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (+32.2% per year) and Cambodia (-3.3% per year).

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2022, jumping by 44% against the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+10.4%), while the other leaders experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports in Asia

In 2022, the amount of industrial roundwood imported in Asia fell dramatically to X cubic meters, with a decrease of -24.8% compared with the previous year. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 31%. Over the period under review, (non-coniferous) imports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) imports reduced to $X in 2022. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of (non-coniferous) imports remained at a somewhat lower figure.

Imports by Country

China was the main importing country with an import of about X cubic meters, which recorded 76% of total imports. Vietnam (X cubic meters) held the second position in the ranking, followed by India (X cubic meters). All these countries together held near 16% share of total imports. Malaysia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood (non-coniferous) imports into China stood at -1.3%. At the same time, Malaysia (+19.6%) and Vietnam (+7.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +19.6% from 2012-2022. By contrast, India (-14.2%) illustrated a downward trend over the same period. China (+11 p.p.), Vietnam (+6.3 p.p.) and Malaysia (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -15% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported industrial roundwood in Asia, comprising 80% of total imports. The second position in the ranking was taken by India ($X), with an 8.2% share of total imports. It was followed by Vietnam, with a 7% share.

In China, industrial roundwood (non-coniferous) imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (-15.3% per year) and Vietnam (+0.3% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per cubic meter, rising by 25% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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