Asia-Pacific: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in Asia-Pacific

In 2022, the Asia-Pacific market for coniferous wood in the rough was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Coniferous Wood In The Rough in Asia-Pacific

In value terms, coniferous wood in the rough production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 41%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports in Asia-Pacific

In 2022, overseas shipments of coniferous wood in the rough were finally on the rise to reach X cubic meters after five years of decline. Over the period under review, exports, however, continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coniferous wood in the rough exports dropped to $X in 2022. Overall, exports, however, saw a significant contraction. The pace of growth was the most pronounced in 2013 when exports increased by 51%. Over the period under review, the coniferous wood in rough exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic People's Republic of Korea (X cubic meters) and Lao People's Democratic Republic (X cubic meters) dominates exports structure, together comprising 96% of total exports. Singapore (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) remains the largest coniferous wood in the rough supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was held by Democratic People's Republic of Korea ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Lao People's Democratic Republic stood at +40.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Democratic People's Republic of Korea (+21.3% per year) and Singapore (+46.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2022, shrinking by -6.5% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 66%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+15.4%), while the other leaders experienced a decline in the export price figures.

Imports of Coniferous Wood In The Rough

Imports in Asia-Pacific

In 2022, coniferous wood in the rough imports in Asia-Pacific reduced modestly to X cubic meters, approximately equating the previous year's figure. Overall, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 24%. The volume of import peaked at X cubic meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, coniferous wood in the rough imports dropped slightly to $X in 2022. In general, imports faced a sharp decrease. The growth pace was the most rapid in 2013 when imports increased by 32%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Bangladesh represented the key importer of coniferous wood in the rough in Asia-Pacific, with the volume of imports resulting at X cubic meters, which was approx. 34% of total imports in 2022. Pakistan (X cubic meters) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (12%), Vietnam (9.6%), India (8.9%), Democratic People's Republic of Korea (7.3%) and Palau (5.1%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Pakistan ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, with a combined 64% share of total imports. These countries were followed by Hong Kong SAR, Democratic People's Republic of Korea, India and Palau, which together accounted for a further 24%.

Democratic People's Republic of Korea, with a CAGR of +17.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per cubic meter in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 an increase of 17%. As a result, import price reached the peak level of $X per cubic meter. From 2016 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while Bangladesh ($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 Vietnam (+4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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