Asia: Coniferous Roundwood Market 2023

Coniferous Roundwood Market Size in Asia

The Asian coniferous roundwood market reduced to $X in 2021, which is down by -8% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Coniferous Roundwood Production in Asia

In value terms, coniferous roundwood production contracted dramatically to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +30.1% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 68% against the previous year. The level of production peaked at $X in 2020, and then contracted rapidly in the following year.

Coniferous Roundwood Exports

Exports in Asia

In 2021, approx. X cubic meters of roundwood (coniferous) were exported in Asia; declining by -10.7% on 2020. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 73%. Over the period under review, the exports reached the maximum at X cubic meters in 2020, and then declined in the following year.

In value terms, coniferous roundwood exports soared to $X in 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 68%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Japan prevails in exports structure, reaching X cubic meters, which was approx. 88% of total exports in 2021. It was distantly followed by Singapore (X cubic meters), committing a 5.9% share of total exports. Kyrgyzstan (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to coniferous roundwood exports from Japan stood at +21.3%. At the same time, Singapore (+70.0%) and Kyrgyzstan (+38.8%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +70.0% from 2012-2021. From 2012 to 2021, the share of Japan, Singapore and Kyrgyzstan increased by +38, +5.7 and +3.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest coniferous roundwood supplier in Asia, comprising 92% of total exports. The second position in the ranking was taken by Singapore ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +31.1%. In the other countries, the average annual rates were as follows: Singapore (+71.1% per year) and Kyrgyzstan (+47.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per cubic meter, rising by 45% against the previous year. Export price indicated a buoyant 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. The pace of growth was the most pronounced in 2017 when the export price increased by 46%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per cubic meter), while Kyrgyzstan ($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

In 2021, the amount of roundwood (coniferous) imported in Asia reached X cubic meters, picking up by 11% on 2020. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 31%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, coniferous roundwood imports soared to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in imports structure, resulting at X cubic meters, which was near 78% of total imports in 2021. Japan (X cubic meters) took an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (4.8%). India (X cubic meters) and Hong Kong SAR (X cubic meters) held a little share of total imports.

Imports into China increased at an average annual rate of +6.1% from 2012 to 2021. 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, 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 ($X) constitutes the largest market for imported roundwood (coniferous) in Asia, comprising 81% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 5% share.

In China, coniferous roundwood imports expanded 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 stood at $X per cubic meter in 2021, increasing by 33% against the previous year. Over the period from 2012 to 2021, 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 41% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: 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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