Asia: Wood Fuel Market 2024

Wood Fuel Market Size in Asia

The Asian wood fuel market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption, however, posted a pronounced expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Wood Fuel Production in Asia

In value terms, wood fuel production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Wood Fuel Exports

Exports in Asia

In 2022, the amount of wood fuel exported in Asia skyrocketed to X cubic meters, rising by X% against the previous year. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood fuel exports soared to $X in 2022. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam was the major exporter of wood fuel in Asia, with the volume of exports finishing at X cubic meters, which was near X% of total exports in 2022. It was distantly followed by Georgia (X cubic meters), Palestine (X cubic meters), Israel (X cubic meters), Malaysia (X cubic meters) and the United Arab Emirates (X cubic meters), together comprising a X% share of total exports. China (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood fuel exports from Vietnam stood at X%. At the same time, China (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Georgia (X%), Palestine (X%) and Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Georgia, Malaysia, the United Arab Emirates and China increased by X, X, X, X and X percentage points, respectively.

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

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

Export Prices by Country

The export price in Asia stood at $X per cubic meter in 2022, increasing by X% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per cubic meter. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per cubic meter), while Palestine ($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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Wood Fuel Imports

Imports in Asia

In 2022, wood fuel imports in Asia declined notably to X cubic meters, reducing by X% on the previous year's figure. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wood fuel imports declined markedly to $X in 2022. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X cubic meters) was the key importer of wood fuel, achieving X% of total imports. The United Arab Emirates (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Japan (X%), Israel (X%) and Turkey (X%). The following importers - Kazakhstan (X cubic meters), Palestine (X cubic meters), Kuwait (X cubic meters), Cyprus (X cubic meters), Maldives (X cubic meters) and Tajikistan (X cubic meters) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Tajikistan (X%), Japan (X%), Kuwait (X%), Israel (X%), Vietnam (X%), Maldives (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%), Cyprus (X%), Palestine (X%) and Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Vietnam, the United Arab Emirates, Japan, Israel, Kuwait, Kazakhstan and Tajikistan increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Vietnam, Kuwait, Israel, Kazakhstan, Cyprus, Turkey, Palestine, Tajikistan and Maldives lagged somewhat behind, together accounting for a further X%.

Tajikistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, growing by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per cubic meter in 2019; however, from 2020 to 2022, import prices remained at a 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 ($X per cubic meter), while Turkey ($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 China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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