Hong Kong SAR, China: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong sawnwood (coniferous) market decreased by X% to $X in 2022. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Sawnwood (Coniferous) Exports

Exports from Hong Kong SAR, China

In 2022, the amount of sawnwood (coniferous) exported from Hong Kong SAR fell notably to X cubic meters, shrinking by X% against the previous year. Overall, exports saw a dramatic setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sawnwood (coniferous) exports shrank remarkably to $X in 2022. Over the period under review, exports faced a dramatic shrinkage. 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 attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X cubic meters) was the main destination for sawnwood (coniferous) exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, sawnwood (coniferous) exports to Macao SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), threefold. The third position in this ranking was taken by Mauritius (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Macao SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Mauritius (X% per year).

In value terms, Macao SAR ($X) remains the key foreign market for sawnwood (coniferous) exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Mauritius, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Macao SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Mauritius (X% per year).

Export Prices by Country

The average sawnwood (coniferous) export price stood at $X per cubic meter in 2022, picking up by X% against the previous year. Overall, export price indicated a prominent expansion 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, sawnwood (coniferous) export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Macao SAR ($X per cubic meter) and Taiwan (Chinese) ($X per cubic meter), while the average price for exports to China ($X per cubic meter) and Mauritius ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of sawnwood (coniferous) decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) imports fell significantly to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Canada (X cubic meters) constituted the largest sawnwood (coniferous) supplier to Hong Kong SAR, with a X% share of total imports. Moreover, sawnwood (coniferous) imports from Canada exceeded the figures recorded by the second-largest supplier, China (X cubic meters), more than tenfold. The third position in this ranking was taken by Germany (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, Canada ($X) constituted the largest supplier of sawnwood (coniferous) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, surging by X% against the previous year. In general, import price indicated pronounced 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, sawnwood (coniferous) import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per cubic meter) and the United States ($X per cubic meter), while the price for Austria ($X per cubic meter) and Germany ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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