Asia-Pacific: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Asia-Pacific

In 2022, the Asia-Pacific industrial roundwood market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced slightly in the following year.

Industrial Roundwood Production in Asia-Pacific

In value terms, industrial roundwood production reduced to $X in 2022 estimated in export price. Overall, production posted significant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Industrial Roundwood Exports

Exports in Asia-Pacific

In 2022, industrial roundwood exports in Asia-Pacific fell notably to X cubic meters, waning by X% against the year before. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial roundwood exports declined to $X in 2022. Overall, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand prevails in exports structure, resulting at X cubic meters, which was near X% of total exports in 2022. It was distantly followed by Papua New Guinea (X cubic meters) and Solomon Islands (X cubic meters), together constituting a X% share of total exports. The following exporters - Japan (X cubic meters), Australia (X cubic meters) and Malaysia (X cubic meters) - together made up X% of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of industrial roundwood. At the same time, Japan (X%) and Solomon Islands (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. By contrast, Australia (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand, Solomon Islands, Japan and Papua New Guinea increased by X, X, X and X percentage points, respectively.

In value terms, New Zealand ($X) remains the largest industrial roundwood supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with an X% share of total exports. It was followed by Solomon Islands, with a X% share.

From 2012 to 2022, the average annual growth rate of value in New Zealand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Solomon Islands (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Solomon Islands ($X per cubic meter), while New Zealand ($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 Japan (X%), while the other leaders experienced more modest paces of growth.

Industrial Roundwood Imports

Imports in Asia-Pacific

Industrial roundwood imports shrank remarkably to X cubic meters in 2022, which is down by X% on 2021. Over the period under review, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood imports dropped notably to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China was the major importing country with an import of about X cubic meters, which amounted to X% of total imports. Japan (X cubic meters) ranks second in terms of the total imports with a X% share, followed by India (X%) and South Korea (X%). The following importers - Lao People's Democratic Republic (X cubic meters) and Vietnam (X cubic meters) - each reached a X% share of total imports.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%) and India (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. India (X p.p.), Lao People's Democratic Republic (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, industrial roundwood imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per cubic meter, rising by X% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 ($X per cubic meter), while Lao People's Democratic Republic ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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