China: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in China

The Chinese market for coniferous wood in the rough reduced slightly to $X in 2021, remaining constant against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Coniferous Wood In The Rough in China

In value terms, coniferous wood in the rough production fell to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports from China

In 2021, overseas shipments of coniferous wood in the rough decreased by -8.4% to X cubic meters, falling for the fifth consecutive year after two years of growth. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2016 with an increase of 158%. The exports peaked at X cubic meters in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports reduced to $X in 2021. In general, exports faced a significant decrease. The pace of growth appeared the most rapid in 2015 with an increase of 95% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X cubic meters), Japan (X cubic meters) and the United States (X cubic meters) were the main destinations of coniferous wood in the rough exports from China, together comprising 77% of total exports. These countries were followed by Vietnam, Saudi Arabia, Nigeria, the Netherlands and South Korea, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of -3.1%), while the other leaders experienced a decline.

In value terms, India ($X), Japan ($X) and Nigeria ($X) appeared to be the largest markets for coniferous wood in the rough exported from China worldwide, with a combined 58% share of total exports.

In terms of the main countries of destination, Nigeria, with a CAGR of +15.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for coniferous wood in the rough stood at $X per cubic meter in 2021, remaining stable against the previous year. Overall, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 99% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2020, and then declined in the following year.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per cubic meter), while the average price for exports to the Netherlands ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+56.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coniferous Wood In The Rough

Imports into China

In 2021, the amount of coniferous wood in the rough imported into China fell modestly to X cubic meters, approximately reflecting 2020. Over the period under review, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 31%. Over the period under review, coniferous wood in rough imports reached the peak figure at X cubic meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports shrank slightly to $X in 2021. Overall, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

New Zealand (X cubic meters), the United States (X cubic meters) and Russia (X cubic meters) were the main suppliers of coniferous wood in the rough imports to China, together comprising 70% of total imports. Canada, Australia and Ukraine lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of -63.0%), while imports for the other leaders experienced a decline.

In value terms, the largest coniferous wood in the rough suppliers to China were New Zealand ($X), the United States ($X) and Russia ($X), together accounting for 77% of total imports. These countries were followed by Canada, Australia and Ukraine, which together accounted for a further 18%.

Among the main suppliers, Ukraine, with a CAGR of -64.5%, 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 a decline.

Import Prices by Country

In 2021, the average import price for coniferous wood in the rough amounted to $X per cubic meter, approximately reflecting the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 30%. As a result, import price reached the peak level of $X per cubic meter. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per cubic meter), while the price for Australia ($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 New Zealand (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :