Eastern Asia: Roundwood Market 2024

Roundwood Market Size in Eastern Asia

In 2022, the East Asian roundwood market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Roundwood Production in Eastern Asia

In value terms, roundwood production rose notably to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Roundwood Exports

Exports in Eastern Asia

In 2022, overseas shipments of roundwood increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, roundwood exports reduced to $X in 2022. In general, exports showed pronounced growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan prevails in exports structure, recording X cubic meters, which was near X% of total exports in 2022. Taiwan (Chinese) (X cubic meters) held a little share of total exports.

Japan experienced a relatively flat trend pattern with regard to volume of exports of roundwood. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest roundwood supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

In Japan, roundwood exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per cubic meter, shrinking by X% against the previous year. In general, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per cubic meter in 2021, and then shrank rapidly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per cubic meter), while Taiwan (Chinese) amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Roundwood Imports

Imports in Eastern Asia

In 2022, approx. X cubic meters of roundwood were imported in Eastern Asia; with an increase of X% on the year before. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, roundwood imports contracted remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Japan represented the largest importer of roundwood in Eastern Asia, with the volume of imports accounting for X cubic meters, which was approx. X% of total imports in 2022. South Korea (X cubic meters) held the second position in the ranking, followed by Macao SAR (X cubic meters) and Taiwan (Chinese) (X cubic meters). All these countries together held approx. X% share of total imports. China (X cubic meters) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the roundwood imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Macao SAR (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and South Korea increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported roundwood in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per cubic meter, declining by X% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per cubic meter), while Macao SAR (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 China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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