Asia: Roundwood Market 2024

Roundwood Market Size in Asia

After two years of decline, the Asian roundwood market increased by X% to $X.9B in 2022. Over the period under review, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Roundwood Production in Asia

In value terms, roundwood production fell slightly to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Roundwood Exports

Exports in Asia

In 2022, roundwood exports in Asia skyrocketed to X cubic meters, increasing by X% against the previous year. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X cubic meters. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, roundwood exports declined sharply to $X in 2022. Over the period under review, exports, however, faced a deep slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia represented the largest exporter of roundwood in Asia, with the volume of exports finishing at X cubic meters, which was near X% of total exports in 2022. Japan (X cubic meters) held the second position in the ranking, followed by the United Arab Emirates (X cubic meters). All these countries together took near X% share of total exports. Vietnam (X cubic meters) took a little share of total exports.

Georgia was also the fastest-growing in terms of the roundwood exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Japan and the United Arab Emirates experienced a relatively flat trend pattern. Georgia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Japan ($X) remains the largest roundwood supplier in Asia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the export price faced a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while Georgia (less than $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 mixed trends in the export price figures.

Roundwood Imports

Imports in Asia

In 2022, supplies from abroad of roundwood increased by X% to X cubic meters, rising for the third year in a row after two years of decline. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roundwood imports declined rapidly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X cubic meters) represented the key importer of roundwood, making up X% of total imports. Israel (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%), the United Arab Emirates (X%) and Japan (X%). Kuwait (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to roundwood imports into Vietnam stood at X%. At the same time, Kuwait (X%), Kazakhstan (X%), the United Arab Emirates (X%), Japan (X%) and Israel (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam, Kazakhstan, the United Arab Emirates, Japan and Kuwait increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest roundwood importing markets in Asia were Japan ($X), Vietnam ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Kazakhstan, Israel and Kuwait lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 stood at $X per cubic meter in 2022, waning by X% against the previous year. Overall, the import price faced a deep slump. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Japan ($X per cubic meter), while Israel (less than $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 Israel (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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