Australia and Oceania: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in Australia and Oceania

In 2021, the market for coniferous wood in the rough in Australia and Oceania decreased by -39.3% to $X, falling for the sixth year in a row after two years of growth. In general, consumption saw a abrupt decline. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Coniferous Wood In The Rough in Australia and Oceania

In value terms, coniferous wood in the rough production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2020, and then fell modestly in the following year.

Exports of Coniferous Wood In The Rough

Exports in Australia and Oceania

For the sixth year in a row, Australia and Oceania recorded growth in overseas shipments of coniferous wood in the rough, which increased by 11% to X cubic meters in 2021. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of 40% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, coniferous wood in the rough exports amounted to $X in 2021. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 51% against the previous year. Over the period under review, the coniferous wood in rough exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

New Zealand was the key exporting country with an export of about X cubic meters, which reached 77% of total exports. It was distantly followed by Australia (X cubic meters), making up a 23% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to coniferous wood in the rough exports from New Zealand stood at +7.8%. At the same time, Australia (+21.7%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +21.7% from 2012-2021. While the share of Australia (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-13.7 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest coniferous wood in the rough supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was held by Australia ($X), with a 20% share of total exports.

In New Zealand, coniferous wood in the rough exports expanded at an average annual rate of +10.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per cubic meter, growing by 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 an increase of 22% against the previous year. The level of export peaked at $X per cubic meter in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per cubic meter), while Australia totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%).

Imports of Coniferous Wood In The Rough

Imports in Australia and Oceania

For the sixth year in a row, Australia and Oceania recorded growth in supplies from abroad of coniferous wood in the rough, which increased by 15% to X cubic meters in 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, coniferous wood in the rough imports totaled $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.0% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Palau dominates imports structure, finishing at X cubic meters, which was approx. 68% of total imports in 2021. Marshall Islands (X cubic meters) took a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (5.7%) and Kiribati (4.6%). New Caledonia (X cubic meters), Tonga (X cubic meters), Cook Islands (X cubic meters) and Australia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to coniferous wood in the rough imports into Palau stood at +21.2%. At the same time, Cook Islands (+93.8%), Marshall Islands (+57.2%), Kiribati (+46.9%), New Caledonia (+14.9%) and Australia (+13.3%) displayed positive paces of growth. Moreover, Cook Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +93.8% from 2012-2021. By contrast, Tonga (-25.0%) and Fiji (-32.2%) illustrated a downward trend over the same period. While the share of Palau (+63 p.p.), Marshall Islands (+7.5 p.p.), Kiribati (+4.6 p.p.), New Caledonia (+3 p.p.), Cook Islands (+2.2 p.p.) and Australia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tonga (-10.9 p.p.) and Fiji (-73 p.p.) displayed negative dynamics.

In value terms, the largest coniferous wood in the rough importing markets in Australia and Oceania were Palau ($X), New Caledonia ($X) and Australia ($X), with a combined 65% share of total imports. These countries were followed by Marshall Islands, Fiji, Kiribati, Tonga and Cook Islands, which together accounted for a further 11%.

Marshall Islands, with a CAGR of +53.9%, 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 Australia and Oceania stood at $X per cubic meter in 2021, remaining relatively unchanged against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +13.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, coniferous wood in the rough import price decreased by -0.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by 204%. The level of import peaked at $X per cubic meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Caledonia ($X per cubic meter), while Cook Islands ($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 Fiji (+20.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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