Asia-Pacific: Coniferous Roundwood Market 2023

Coniferous Roundwood Market Size in Asia-Pacific

The Asia-Pacific coniferous roundwood market reduced to $X in 2021, with a decrease of -8.4% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.7% against 2015 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Coniferous Roundwood Production in Asia-Pacific

In value terms, coniferous roundwood production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 75%. The level of production peaked at $X in 2020, and then contracted dramatically in the following year.

Coniferous Roundwood Exports

Exports in Asia-Pacific

In 2021, approx. X cubic meters of roundwood (coniferous) were exported in Asia-Pacific; with an increase of 8.5% against 2020. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +6.3% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of 33%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, coniferous roundwood exports soared to $X in 2021. In general, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand prevails in exports structure, recording X cubic meters, which was near 94% of total exports in 2021. The following exporters - Japan (X cubic meters) and Australia (X cubic meters) - each resulted at a 6% share of total exports.

Exports from New Zealand increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Japan (+21.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +21.3% from 2012-2021. By contrast, Australia (-5.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and Japan increased by +4.9 and +2.1 percentage points, respectively.

In value terms, New Zealand ($X) remains the largest coniferous roundwood supplier in Asia-Pacific, comprising 93% of total exports. The second position in the ranking was taken by Japan ($X), with a 4% share of total exports.

In New Zealand, coniferous roundwood exports expanded at an average annual rate of +14.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+31.1% per year) and Australia (-0.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per cubic meter, surging by 76% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per cubic meter), while Australia ($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 Japan (+8.1%), while the other leaders experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports in Asia-Pacific

For the fourth consecutive year, Asia-Pacific recorded growth in overseas purchases of roundwood (coniferous), which increased by 11% to X cubic meters in 2021. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, coniferous roundwood imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in imports structure, finishing at X cubic meters, which was approx. 79% of total imports in 2021. It was distantly followed by Japan (X cubic meters) and South Korea (X cubic meters), together committing a 13% share of total imports. India (X cubic meters) and Hong Kong SAR (X cubic meters) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to coniferous roundwood imports into China stood at +6.1%. At the same time, India (+71.4%) and Hong Kong SAR (+48.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +71.4% from 2012-2021. By contrast, Japan (-3.9%) and South Korea (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India and Hong Kong SAR increased by +13, +4.4 and +2.4 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported roundwood (coniferous) in Asia-Pacific, comprising 81% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 5% share.

In China, coniferous roundwood imports increased at an average annual rate of +8.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-1.7% per year) and South Korea (-0.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per cubic meter in 2021, picking up by 33% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2017 when the import price increased by 42%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per cubic meter), while Hong Kong SAR ($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 South Korea (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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