Asia: Wood Slicing Machine Market 2023

Wood Slicing Machine Market Size in Asia

The Asian wood slicing machine market expanded markedly to $X in 2021, rising by 7% against the previous year. In general, consumption saw a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wood Slicing Machine Production in Asia

In value terms, wood slicing machine production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wood Slicing Machine Exports

Exports in Asia

In 2021, shipments abroad of splitting, slicing or paring machines increased by 47% to X units, rising for the fourth year in a row after three years of decline. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 83% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, wood slicing machine exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 79%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, China (X units) was the major exporter of splitting, slicing or paring machines in Asia, generating 99% of total export.

China was also the fastest-growing in terms of the splitting, slicing or paring machines exports, with a CAGR of +14.8% from 2012 to 2021. China (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest wood slicing machine supplier in Asia.

In China, wood slicing machine exports increased at an average annual rate of +21.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, rising by 9.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +6.0% per year.

Wood Slicing Machine Imports

Imports in Asia

In 2021, overseas purchases of splitting, slicing or paring machines increased by 84% to X units, rising for the third year in a row after four years of decline. In general, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 673%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, wood slicing machine imports fell to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 21%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Qatar prevails in imports structure, amounting to X units, which was approx. 79% of total imports in 2021. It was distantly followed by Japan (X units), mixing up a 5.2% share of total imports. Indonesia (X units), South Korea (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wood slicing machine imports into Qatar stood at -2.4%. At the same time, India (+34.5%) and South Korea (+16.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +34.5% from 2012-2021. By contrast, Indonesia (-6.8%) and Japan (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea and India increased by +2.4 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood slicing machine importing markets in Asia were Indonesia ($X), India ($X) and Japan ($X), together comprising 26% of total imports. South Korea and Qatar lagged somewhat behind, together accounting for a further 4.9%.

South Korea, with a CAGR of +28.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, waning by -52.6% against the previous year. Overall, the import price showed a noticeable setback. The growth pace was the most rapid in 2018 when the import price increased by 171% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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