Asia-Pacific: Wood Residues Market 2024

Wood Residues Market Size in Asia-Pacific

In 2020, the Asia-Pacific wood residues market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption, however, posted a buoyant increase. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Wood Residues Production in Asia-Pacific

In value terms, wood residues production stood at $X in 2020 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked in 2020 and is likely to continue growth in years to come.

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Wood Residues Exports

Exports in Asia-Pacific

In 2020, shipments abroad of wood residues increased by X% to X cubic meters, rising for the third consecutive year after two years of decline. Total exports indicated a buoyant increase from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked in 2020 and is expected to retain growth in the immediate term.

In value terms, wood residues exports expanded slightly to $X in 2020. The total export value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

Vietnam dominates exports structure, finishing at X cubic meters, which was approx. X% of total exports in 2020. It was distantly followed by Malaysia (X cubic meters), making up a X% share of total exports. Thailand (X cubic meters), China (X cubic meters) and Democratic People's Republic of Korea (X cubic meters) held a minor share of total exports.

From 2012 to 2020, average annual rates of growth with regard to wood residues exports from Vietnam stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2020. Democratic People's Republic of Korea experienced a relatively flat trend pattern. By contrast, China (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2020, the share of Democratic People's Republic of Korea (X p.p.), China (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest wood residues supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2020, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per cubic meter in 2020, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Wood Residues Imports

Imports in Asia-Pacific

In 2020, imports of wood residues in Asia-Pacific shrank modestly to X cubic meters, stabilizing at the previous year's figure. Total imports indicated a resilient increase from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X cubic meters. From 2017 to 2020, the growth of imports failed to regain momentum.

In value terms, wood residues imports amounted to $X in 2020. Total imports indicated a remarkable increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, South Korea (X cubic meters) was the key importer of wood residues, mixing up X% of total imports. China (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Thailand (X%). The following importers - Hong Kong SAR (X cubic meters), Japan (X cubic meters) and Nepal (X cubic meters) - each reached a X% share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2020. At the same time, Hong Kong SAR (X%), China (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2020. By contrast, Japan (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of South Korea and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported wood residues in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in South Korea amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2020, the import price in Asia-Pacific amounted to $X per cubic meter, increasing by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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