Eastern Asia: Wood Residues Market 2024

Wood Residues Market Size in Eastern Asia

The East Asian wood residues market amounted to $X in 2020, growing by X% against the previous year. Overall, consumption, however, posted a prominent expansion. The level of consumption peaked in 2020 and is likely to continue growth in the immediate term.

Wood Residues Production in Eastern Asia

In value terms, wood residues production expanded significantly to $X in 2020 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2020 and is likely to see steady growth in the near future.

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Wood Residues Exports

Exports in Eastern Asia

In 2020, overseas shipments of wood residues decreased by X% to X cubic meters, falling for the fifth year in a row after four years of growth. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X cubic meters in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, wood residues exports dropped to $X in 2020. Overall, exports showed a mild descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

In 2020, China (X cubic meters) represented the largest exporter of wood residues, comprising X% of total exports. Democratic People's Republic of Korea (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Japan (X%).

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

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

In China, wood residues exports remained relatively stable over the period from 2012-2020. In the other countries, the average annual rates were as follows: Japan (X% per year) and Democratic People's Republic of Korea (X% per year).

Export Prices by Country

In 2020, the export price in Eastern Asia amounted to $X per cubic meter, picking up by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood residues export price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while Democratic People's Republic of Korea ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (X%).

Wood Residues Imports

Imports in Eastern Asia

In 2020, approx. X cubic meters of wood residues were imported in Eastern Asia; stabilizing at the year before. Total imports indicated a prominent increase from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2017 to 2020, the growth of imports failed to regain momentum.

In value terms, wood residues imports skyrocketed to $X in 2020. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in the immediate term.

Imports by Country

South Korea represented the key importing country with an import of around X cubic meters, which finished at X% of total imports. It was distantly followed by China (X cubic meters), committing a X% share of total imports. The following importers - Hong Kong SAR (X cubic meters) and Japan (X cubic meters) - together made up X% of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2020. At the same time, Hong Kong SAR (X%) and China (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2020. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Korea, wood residues imports increased at an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per cubic meter in 2020, with an increase of X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per cubic meter), while China ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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